HA Stock Summary and Trading Ideas (Hawaiian Holdings | NASDAQ:HA)

Hawaiian Holdings Inc provides air transportation for passengers and cargo. Its primary asset is the sole ownership of Hawaiian Airlines. Routes are principally focused on transportation between the Hawaiian Islands, the United States, the South Pacific, Australia, New Zealand, and Asia. In addition, it operates various charter flights. The company markets through several distribution channels, including its website, travel agencies, and wholesale distributors. Partnerships have been established with other airlines to accommodate customers, and the company also participates in a frequent-flyer program.

Hawaiian Holdings trades on the NASDAQ stock market under the symbol HA.

As of April 18, 2024, HA stock price declined to $12.99 with 2,258,169 million shares trading.

HA has a beta of 2.11, meaning it tends to be more sensitive to market movements. HA has a correlation of 0.05 to the broad based SPY ETF.

HA has a market cap of $673.20 million. This is considered a Small Cap stock.

Last quarter Hawaiian Holdings reported $669 million in Revenue and -$2.37 earnings per share. This beat revenue expectation by $104,000 and missed earnings estimates by -$.03.

In the last 3 years, HA stock traded as high as $31.38 and as low as $3.70.

The top ETF exchange traded funds that HA belongs to (by Net Assets): VTI, IWM, VXF, IWN, SCHA.

HA has outperformed the market in the last year with a price return of +54.1% while the SPY ETF gained +22.2%. However, in the short term, HA had mixed performance relative to the market. It has underperformed in the last 3 months, returning -5.3% vs +5.2% return in SPY. But in the last 2 weeks, HA shares have fared better than the market returning -1.1% compared to SPY -2.6%.

HA support price is $13.02 and resistance is $13.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HA stock will trade within this expected range on the day.