Idacorp Stock Story


USD 106.52  0.91  0.86%   

Hawaiian Electric would continue recover faster as its shares surged to 1.46 percent against Idacorp's 0.7155%. As many millenniums are getting more into utilities space, we are going to go over Idacorp and Hawaiian Electric as potential shorter-term trade. We are going to analyze some of the competitive aspects of both Idacorp and Hawaiian.
Published over three months ago
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Idacorp Current Investor Sentiment

Investor biases related to Idacorp's public news can be used to forecast risks associated with investment in Idacorp. The trend in average sentiment can be used to explain how an investor holding Idacorp can time the market purely based on public headlines and social activities around Idacorp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Idacorp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Idacorp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Idacorp's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Idacorp.

Idacorp Maximum Pain Price across 2022-07-15 Option Contracts

Idacorp's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Idacorp close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Idacorp's options.
Will Hawaiian Electric investors switch to Idacorp (NYSE:IDA)?
By analyzing existing fundamental indicators between Idacorp and Hawaiian, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Hawaiian with a short position in Idacorp. Check out our pair correlation module for more information.

Let's begin by analyzing the assets.
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Idacorp has an asset utilization ratio of 42.51 percent. This suggests that the company is making $0.43 for each dollar of assets. An increasing asset utilization means that Idacorp is more efficient with each dollar of assets it utilizes for everyday operations.

How important is Idacorp's Liquidity

Idacorp financial leverage refers to using borrowed capital as a funding source to finance Idacorp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Idacorp financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Idacorp's total debt and its cash.

How does Idacorp utilize its cash?

To perform a cash flow analysis of Idacorp, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Idacorp is receiving and how much cash it distributes out in a given period. The Idacorp cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Idacorp Net Cash Flow from Operations is projected to increase significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 363.26 Million

Idacorp exotic insider transaction detected

Legal trades by Idacorp insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Idacorp insider trading alert for general transaction of common stock by Ryan Adelman, VP of Power Supply (IPC), on 28th of March 2022. This event was filed by Idacorp Inc with SEC on 2022-03-28. Statement of changes in beneficial ownership - SEC Form 4. Ryan Adelman currently serves as vice president - transmission & distribution, engineering and construction of idaho power company of Idacorp [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Is Idacorp valued fairly by the market?

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Let me now analyze Idacorp revenue. Based on the latest financial disclosure, Idacorp reported 1.44 B of revenue. This is 63.64% lower than that of the Utilities sector and significantly higher than that of the Utilities—Regulated Electric industry. The revenue for all United States stocks is 84.74% higher than that of the firm. As for Hawaiian Electric we see revenue of 2.73 B, which is much higher than that of the Utilities—Regulated Electric

Idacorp1.44 Billion
Hawaiian2.73 Billion
1.4 B
2.7 B

Idacorp may start a correction in March

Current Market Risk Adjusted Performance is up to 0.07. Price may slip again. Idacorp has relatively low volatility with skewness of -0.12 and kurtosis of 0.13. However, we advise all investors to independently investigate Idacorp to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Idacorp's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Idacorp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Idacorp Implied Volatility

Idacorp's implied volatility exposes the market's sentiment of Idacorp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Idacorp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Idacorp stock will not fluctuate a lot when Idacorp's options are near their expiration.

Our Final Perspective on Idacorp

Whereas few other entities under the utilities—regulated electric industry are still a bit expensive, Idacorp may offer a potential longer-term growth to investors. On the whole, as of the 17th of February 2022, we believe that at this point, Idacorp is very steady with below average probability of distress within the next 2 years. From a slightly different point of view, the entity appears to be undervalued. Our ongoing 90 days Buy-Hold-Sell recommendation on the company is Strong Hold.

Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Idacorp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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