Trade-Ideas LLC identified

Hawaiian Holdings

(

HA

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Hawaiian Holdings as such a stock due to the following factors:

  • HA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $35.7 million.
  • HA has traded 774,304 shares today.
  • HA is trading at 2.65 times the normal volume for the stock at this time of day.
  • HA is trading at a new high 3.03% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on HA:

Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. HA has a PE ratio of 1. Currently there is 1 analyst that rates Hawaiian Holdings a buy, 1 analyst rates it a sell, and 5 rate it a hold.

The average volume for Hawaiian Holdings has been 966,300 shares per day over the past 30 days. Hawaiian has a market cap of $2.0 billion and is part of the services sector and transportation industry. The stock has a beta of 1.80 and a short float of 6.2% with 3.04 days to cover. Shares are up 0.8% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Hawaiian Holdings as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • HA's revenue growth has slightly outpaced the industry average of 2.5%. Since the same quarter one year prior, revenues slightly increased by 2.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • HAWAIIAN HOLDINGS INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, HAWAIIAN HOLDINGS INC increased its bottom line by earning $3.00 versus $1.06 in the prior year. This year, the market expects an improvement in earnings ($4.65 versus $3.00).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Airlines industry. The net income increased by 98.8% when compared to the same quarter one year prior, rising from $25.88 million to $51.47 million.
  • 37.15% is the gross profit margin for HAWAIIAN HOLDINGS INC which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 9.33% is above that of the industry average.
  • Net operating cash flow has increased to $198.51 million or 22.77% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -12.16%.

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