During the last session, Hawaiian Holdings, Inc. (NASDAQ:HA)’s traded shares were 2.88 million, with the beta value of the company hitting 2.40. At the end of the trading day, the stock’s price was $17.41, reflecting an intraday loss of -0.40% or -$0.07. The 52-week high for the HA share is $17.75, that puts it down -1.95 from that peak though still a striking 78.75% gain since the share price plummeted to a 52-week low of $3.70. The company’s market capitalization is $905.49M, and the average intraday trading volume over the past 10 days was 5.6 million shares, and the average trade volume was 1.77 million shares over the past three months.
Hawaiian Holdings, Inc. (HA) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.60. HA has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -1.68.
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Hawaiian Holdings, Inc. (NASDAQ:HA) trade information
Hawaiian Holdings, Inc. (HA) registered a -0.40% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.40% in intraday trading to $17.41, hitting a weekly high. The stock’s 5-day price performance is -1.36%, and it has moved by 31.30% in 30 days. Based on these gigs, the overall price performance for the year is 94.74%. The short interest in Hawaiian Holdings, Inc. (NASDAQ:HA) is 6.03 million shares and it means that shorts have 3.2 day(s) to cover.
The consensus price target of analysts on Wall Street is $17, which implies a decrease of -2.41% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $16 and $23 respectively. As a result, HA is trading at a discount of -32.11% off the target high and 8.1% off the low.
Hawaiian Holdings, Inc. (HA) estimates and forecasts
Statistics show that Hawaiian Holdings, Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Hawaiian Holdings, Inc. (HA) shares have gone up 24.80% during the last six months, with a year-to-date growth rate more than the industry average at -18.09% against -18.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -58.50% this quarter and then jump 10.50% in the quarter after that. In the rating firms’ projections, revenue will increase 5.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 753.4M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 730.28M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 727.68M and 669.07M respectively. In this case, analysts expect current quarter sales to grow by 3.50% and then jump by 9.10% in the coming quarter.
While earnings are projected to return -30.48% in 2024.
HA Dividends
Hawaiian Holdings, Inc. is due to release its next quarterly earnings in September. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Hawaiian Holdings, Inc. (NASDAQ:HA)’s Major holders
Hawaiian Holdings, Inc. insiders own 3.04% of total outstanding shares while institutional holders control 70.82%, with the float percentage being 73.04%. BLACKROCK INC. is the largest shareholder of the company, while 218.0 institutions own stock in it. As of 2024-06-30, the company held over 3.94 million shares (or 7.5931% of all shares), a total value of $48.93 million in shares.
The next largest institutional holding, with 2.97 million shares, is of PAR CAPITAL MANAGEMENT INC’s that is approximately 5.7383% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $36.97 million.
