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Wednesday, March 22, 2023

This Is Too Hot For Hawaiian Holdings Inc. (NASDAQ: HA), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Hawaiian Holdings Inc. (HA) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.13, or 1.35%, to $9.77. The Hawaiian Holdings Inc. has recorded 29,049 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Hawaiian Holdings Reports 2022 Fourth Quarter and Full Year Financial Results.


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Stocks Info

As a NASDAQ listed company, HA falls under the Industrials sector while operating within the Airlines industry segment. At the end of the last regular session, the stock closed at $9.64 and fluctuated between $10.01 as its day high and $9.24 as its day low. The current market capitalization of Hawaiian Holdings Inc. is $508.32M. A total of 5.82 million shares were traded on the day, compared to an average of 1.21M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, HA has seen 0 BUY and 13 SELL insider trades, representing the acquisition of 0 and the disposition of 56,636 shares. Over the last 12 months, there were 17 BUYs and 20 SELLs from insiders. Insiders purchased 107,883 shares during that period but sold 87,544.

In the most recent transaction, Alter Aaron J sold 3,000 shares of HA for 11.57 per share on Feb 02. After the transaction, the Exec VP & Chief Legal Officer now owns 83,189 company shares. In a previous transaction on Nov 28, Zwern Richard N sold 7,740 shares at 14.02 per share. HA shares that Director owns now total 52,340.

Among the insiders who sold shares, Snook Jonathan D. disposed of 3,600 shares on Nov 22 at a per-share price of $14.03. This resulted in the Executive VP and COO holding 141,589 shares of HA after the transaction. In another insider transaction, SWELBAR WILLIAM S sold 5,000 shares at $15.21 per share on Nov 14. Company shares held by the Director now total 26,686.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. HA’s most recent ex-dividend date was 2/13/2020 when it declared a $0.12 quarterly dividend that was paid in cash on 2/28/2020. Previously, the company paid the dividend on 11/29/2019 with an ex-dividend date of 11/14/2019. The HA stock dividend was $0.12 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for HA in the last 3 months, the mean price target is $10.83 with high estimates of $16.00 and low estimates of $8.00. In terms of 52-week highs and lows, HA has a high of $21.71 and a low of $9.64.

As of this writing, HA has an earnings estimate of -$2.42 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$2.25 per share and a lower estimate of -$2.7. The company reported an EPS of -$0.15 in the last quarter, which was 16.70% higher than expectations of -$0.18.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

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, 8 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 2.50. 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 1 thought it should be Sold.

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