What Makes Hawaiian Holdings Inc. (NASDAQ: HA) One Of The Best Momentum Picks?

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Hawaiian Holdings Inc. (NASDAQ:HA) shares, rose in value on Friday, 07/15/22, with the stock price up by 2.15% to the previous day’s close as strong demand from buyers drove the stock to $15.20.

Actively observing the price movement in the last trading, the stock closed the session at $14.88, falling within a range of $14.76 and $15.29. The value of beta (5-year monthly) was 2.01. Referring to stock’s 52-week performance, its high was $24.27, and the low was $12.76. On the whole, HA has fluctuated by 12.51% over the past month.

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With the market capitalization of Hawaiian Holdings Inc. currently standing at about $797.85 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2022 – Apr 29, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$1.11, which is expected to increase to $0.3 for fiscal year -$4.07 and then to about $1.64 by fiscal year 2023. Data indicates that the EPS growth is expected to be 46.10% in 2023, while the next year’s EPS growth is forecast to be 140.30%.

Analysts have estimated the company’s revenue for the quarter at $644.91 million, with a low estimate of $640.03 million and a high estimate of $653.8 million. According to the average forecast, sales growth in current quarter could jump up 57.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $2.6 billion, representing an increase of 62.60% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that HA’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HA currently trading nearly 4.72% and -2.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.50, while the 7-day volatility ratio is showing 5.12% which for the 30-day chart, stands at 5.01%. Furthermore, Hawaiian Holdings Inc. (HA)’s beta value is 1.98, and its average true range (ATR) is 0.76.

A comparison of Hawaiian Holdings Inc. (HA) with its peers suggests the former has fared considerably weaker in the market. HA showed an intraday change of 2.15% in last session, and over the past year, it shrunk by -27.31%%. In comparison, Delta Air Lines Inc. (DAL) has moved higher at 1.07% on the day and was down -27.23% over the past 12 months. On the other hand, the price of Alaska Air Group Inc. (ALK) has risen 1.27% on the day. The stock, however, is off -27.41% from where it was a year ago. Additionally, there is a gain of 2.91% for Southwest Airlines Co. (LUV) in last trading while the stock has seen an overall depriciation of -23.56%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 1.92%. Meanwhile, the Dow Jones Industrial Improved by 2.15%.

Data on historical trading for Hawaiian Holdings Inc. (NASDAQ:HA) indicates that the trading volumes over the past 3 months, they’ve averaged 1.05 million. According to company’s latest data on outstanding shares, there are 51.29 million shares outstanding.

Nearly 3.00% of Hawaiian Holdings Inc.’s shares belong to company insiders and institutional investors own 81.80% of the company’s shares. The stock has fallen by -17.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HA stock heading into the next quarter.