Should Investors Trust The Upside Potential In Hawaiian Holdings, Inc. (HA)?

Hawaiian Holdings, Inc. (NASDAQ:HA) currently has a daily average trading volume of 1.03M but it saw 4353301 shares traded in last market. With a market cap of 856.08M USD, the company’s current market price of $16.46 came rising about 10.32 while comparing to the previous closing price of $14.92. In past 52 weeks, the stock remained buoying in the range of price level as high as $15.11 and as low as $3.70. In the recent trading on the day, stock has struck highest price mark of $15.5 while lowest mark touched by it was $16.46.

Taking a look at 20-day trading activity of Hawaiian Holdings, Inc. (HA) gives us an average price of $13.08, while its current price level is 8.93% below from 52-week high level whereas it is 344.86% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $13.05 while that of 200 days or SMA-200 reads an average of $12.39. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.05% during that period while stretching the period over a month that decreases to 7.80%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 72.53 which implies that the stock is in overbought territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the TD Cowen which reiterated the stock as “Hold” in its note to investors issued on July 17, 2024, recommending a price target of between $12 and $13 for it. Deutsche Bank upgraded its recommendation for the stock as a “Buy” from “Hold” on December 04, 2023 while assigning a price target range of $4-$16. Goldman issued its recommendations for the stock as it resumed the price target for the stock is $8.

Over the week, HA’s stock price is moving 28.69% up while it is 18.50% when we observe its performance for the past one month. Year-to-date it is 15.92% up and over the past year, the stock is showing an upside performance of 72.90%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -1.06 beaten by the consensus estimate of -0.94 for the same. The company is expected to be releasing its next quarterly report on 2024-Oct-22, for which analysts forecasted an EPS of -1.68 while estimate for next year EPS is -7.93. In next quarter, company is expected to be making quarterly sales of $730.28M as analysts are expecting the sales for current fiscal year at $2.86B and seeing the company making $3.22B in sales next year. Moreover, analysts are in estimates of $753.4M for current-quarter revenue.

Currently, Hawaiian Holdings, Inc.’s total number of outstanding shares is 51.82M. Company’s return on investment (ROI) stands at -15.55% and return on equity (ROE) at -600.15%. Stock’s beta reads 2.36. Stock has a price to sale or P/S ratio amounts to 0.31. Its return on asset (ROA) is -8.55% on average.