Highway Holdings Limited (HIHO) Is A Stock You Should Watch

As of Friday close, Highway Holdings Limited’s (NASDAQ:HIHO) stock was up $0.41, moving up 22.65 percent to $2.24. The average number of shares traded per day over the past five days has been 857,340 shares. 3 times new highs have been achieved over the past 5 days, with a $0.3900 gain in that time frame. In the last twenty days, the average volume was 218,265, while in the previous 50 days, it was 90,630.

Since last month, HIHO stock rose 0.67%. Shares of the company fell to $1.7100 on 08/03/22, the lowest level in the past month. A 52-week high of $5.02 was reached on 01/03/22 after having rallying from a 52-week low of $1.71. Since the beginning of this year, HIHO’s stock price has dropped by -45.37% or -$1.8600, and marked a new high 1 time. However, the stock has declined by -55.38% since its 52-week high.


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Valuation Metrics

Right now, Highway Holdings Limited (HIHO) has a P/E ratio of about 19.48. The stock’s beta is 0.35. Besides these, the trailing price-to-sales (P/S) ratio of 0.76, the price-to-book (PB) ratio of 0.93.

The latest dividend of $0.05 per share was paid out, which is -16.67% less than last year’s $0.06. On Monday February 7 2022, a $0.01 dividend decrease was announced.

Financial Health

In the recent quarter, Highway Holdings Limited’s quick ratio stood at 2.50, while its current ratio was 3.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 31.60% percent. In the recent year, operating margins totaled 5.00%. Based on annual data, HIHO earned $3.77 million in gross profit and brought in $12.37 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.00%. Return on equity (ROE) for the past 12 months was 5.10%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HIHO’s revenue rose 25.87% during the quarter, while net income inched up to $12.37 million. During the quarter, the company generated $0.36 million in EBITDA. The liabilities of Highway Holdings Limited were 4.39 million at the end of its most recent quarter, and its total debt was $0.75 million.

Technical Picture

This quick technical analysis looks at Highway Holdings Limited’s (HIHO) price momentum. With a historical volatility rate of 104.84%, the RSI 9-day stood at 72.72% on 05 August.

With respect to its five-day moving average, the current Highway Holdings Limited price is up by +21.08% percent or $0.3900. At present, HIHO shares trade +4.19% above its 20-day simple moving average and -28.55% percent below its 100-day simple moving average. However, the stock is currently trading approximately +10.34% above its SMA50 and -44.34% below its SMA200.

Stochastic coefficient K was 27.89% and Stochastic coefficient D was 23.53%, while ATR was 0.2900. Given the Stochastic reading of 33.33% for the 14-day period, the RSI (14) reading has been calculated as 63.42%. As of today, the MACD Oscillator reading stands at 0.0600, while the 14-day reading stands at 0.0900.

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