Stocks of Hawaiian Holdings, Inc. (NASDAQ:HA) traded higher last session on Wall Street, down -2.32% to $13.89.
According to the data, Hawaiian Holdings, Inc. (NASDAQ:HA) has 6 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $4.00, we find $4.75. Given the previous closing price of $14.22, this indicates a potential downside of -66.6 percent. HA stock price is now 178.31% away from the 50-day moving average and 70.01% away from the 200-day moving average. The market capitalization of the company currently stands at $717.14M.
A total of 5 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $7.38 as their price target over the next twelve months.
With the price target enhanced from $4 to $16, Deutsche Bank Upgraded its rating from Hold to Buy for Hawaiian Holdings, Inc. (NASDAQ: HA).
In other news, Alter Aaron J, Exec VP & Chief Legal Officer sold 3,000 shares of the company’s stock on Oct 27. The stock was sold for $11,794 at an average price of $3.93. Upon completion of the transaction, the Exec VP & Chief Legal Officer now directly owns 114,698 shares in the company, valued at $1.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 28, Exec VP & Chief Legal Officer Alter Aaron J sold 3,000 shares of the business’s stock. A total of $32,694 was realized by selling the stock at an average price of $10.90. This leaves the insider owning 117,698 shares of the company worth $1.63 million. Insiders disposed of 65,636 shares of company stock worth roughly $0.91 million over the past 1 year. A total of 4.20% of the company’s stock is owned by insiders.
Tuesday’s opening bell rang with an opening price of $14.00 for Hawaiian Holdings, Inc. (NASDAQ: HA). During the past 12 months, Hawaiian Holdings, Inc. has had a low of $3.70 and a high of $14.25. As of last week, the company has a debt-to-equity ratio of 11.45, a current ratio of 1.15, and a quick ratio of 1.11. The fifty day moving average price for HA is $4.99 and a two-hundred day moving average price translates $8.17 for the stock.
The latest earnings results from Hawaiian Holdings, Inc. (NASDAQ: HA) was released for Sep, 2023. According to the Airlines Company, earnings per share came in at -$1.06, missing analysts’ expectations of -$0.94 by -0.12. This compares to -$0.18 EPS in the same period last year. The net profit margin was -7.54% and return on equity was -79.61% for HA. The company reported revenue of $727.68 million for the quarter, compared to $741.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.82 percent. For the current quarter, analysts expect HA to generate $667.22M in revenue.
Hawaiian Holdings, Inc.(HA) Company Profile
Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. It provides daily services on North America routes between the State of Hawai’i and Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Seattle, Washington; Portland, Oregon; Phoenix, Arizona; New York City, New York; Austin, Texas; and Boston, Massachusetts. The company also offers provides daily service on its Neighbor Island routes among the four major islands of the State of Hawai’i. In addition, it offers scheduled service on its international routes between the State of Hawai’i and Tokyo (Narita), Japan, Osaka, Japan; Sydney, Australia; Auckland, New Zealand; Pago Pago, American Samoa; Papeete, Tahiti; and Seoul, South Korea, as well as operates various ad hoc charters. The company distributes its tickets through various distribution channels, including its website hawaiianairlines.com primarily for North America and Neighbor Island routes, as well as through travel agencies and wholesale distributors for its international routes. As of December 31, 2022, its fleet consisted of 19 Boeing 717-200 aircraft for the Neighbor Island routes; 24 Airbus A330-200 aircraft; and 18 Airbus A321neo for the North America and international routes. The company was incorporated in 1929 and is headquartered in Honolulu, Hawaii.
