Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) Relative Strength Index (RSI) is 51.32, with weekly volatility at 2.99% and ATR at 2.09. The HASI stock’s 52-week price range has touched low of $27.00 and a $72.42 high. Intraday shares traded counted 0.59 million, which was 19.65% higher than its 30-day average trading volume of 740.16K. Its shares traded higher over the last trading session, gaining 3.32% on 05/26/21. The shares fell to a low of $48.78 before closing at $50.40. HASI’s previous close was $48.78 while the outstanding shares total 77.49M. The firm has a beta of 1.78, a 12-month trailing P/E ratio of 37.06, and a growth ratio of 4.63.
Investors have identified the REIT – Specialty company Hannon Armstrong Sustainable Infrastructure Capital Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $3.95 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Potential earnings growth for Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/04/2021 quarter of the year, Hannon Armstrong Sustainable Infrastructure Capital Inc. recorded a total of 51.7 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 21.01% coming in sequential stages and their sales for the 08/04/2021 quarter increasing by 5.43%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 20.6 million trying to sell their products during the last quarter, with the result yielding a gross income of 31.1 million. This allows shareholders to hold on to 77.49M with the recently reported earning now reading 0.65 cents per share. This is a figure that compared to analyst’s prediction for their 08/04/2021 (0.37 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.61 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on HASI sounds very interesting.
Is the stock of HASI attractive?
In related news, President and CEO, Eckel Jeffrey sold 63,334 shares of the company’s stock in a transaction that recorded on May 12. The sale was performed at an average price of 45.56, for a total value of 2,885,697. As the sale deal closes, the President and CEO, Eckel Jeffrey now sold 50,000 shares of the company’s stock, valued at 2,694,500. Also, Director, LAGOMARSINO SIMONE bought 1,000 shares of the company’s stock in a deal that was recorded on Mar 09. The shares were price at an average price of 55.21 per share, with a total market value of 55,210. Following this completion of acquisition, the EVP & CIO, Rose Nathaniel now holds 10,000 shares of the company’s stock, valued at 519,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.50%.
6 out of 10 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Hannon Armstrong Sustainable Infrastructure Capital Inc.. 0 analysts has assigned a Sell rating on the HASI stock. The 12-month mean consensus price target for the company’s shares has been set at $64.33.