Hawaiian Holdings Inc. (HA): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Hawaiian Holdings Inc. (HA) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.59, or -3.91%, to $14.51. Volume reached 19,930 shares, with price reaching a high of $14.41 and a low of $14.39. Recently, Yahoo Finance discussed the stock, revealing that Start Stretching! Hawaiian Airlines Debuts Its Third Annual Holoholo Challenge with Hawaiʻi Island Inspired Routes.


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Stocks Info

This NASDAQ-listed company operates within the Airlines industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $14.39 and fluctuated between $15.02 as its day high and $13.98 as its day low. The current market capitalization of Hawaiian Holdings Inc. is $772.74M. A total of 1.43 million shares were traded on the day, compared to an average of 757.62K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, HA has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 10,778 and the disposition of 0 shares. Over the last 12 months, there were 28 BUYs and 7 SELLs from insiders. Insiders purchased 235,279 shares during that period but sold 74,178.

In the most recent transaction, Alter Aaron J sold 2,500 shares of HA for 19.39 per share on Feb 28. After the transaction, the Exec VP & Chief Legal Officer now owns 79,473 company shares. In a previous transaction on Dec 16, CARTY DONALD J sold 20,000 shares at 17.81 per share. HA shares that Director owns now total 17,701.

Among the insiders who sold shares, Alter Aaron J disposed of 2,500 shares on Oct 29 at a per-share price of $19.30. This resulted in the Exec VP & Chief Legal Officer holding 64,313 shares of HA after the transaction.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. HA’s most recent ex-dividend date was 02/13/2020 when it declared a $0.12 quarterly dividend that was paid in cash on 02/28/2020. Previously, the company paid the dividend on 11/29/2019 with an ex-dividend date of 11/14/2019. The dividend was $0.12 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for HA in the last 3 months, the mean price target is $16.80 with high estimates of $23.00 and low estimates of $12.00. In terms of 52-week highs and lows, HA has a high of $24.27 and a low of $12.76.

As of this writing, HA has an earnings estimate of $-0.19 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.15 per share and a lower estimate of $-0.48. The company reported an EPS of $-0.9 in the last quarter, which was -4.65% lower than expectations of $-0.86.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. HA’s latest balance sheet shows that the firm has $1.73B in Cash & Short Term Investments as of fiscal 2021. There were $2.43B in debt and $1.11B in liabilities at the time. Its Book Value Per Share was $7.31, while its Total Shareholder’s Equity was $569.09M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HA is Overweight with a score of 2.80. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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