Highway Holdings Limited Stock Today
| HIHO Stock | USD 2.10 0.03 1.41% |
Performance5 of 100
| Odds Of DistressLess than 12
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Highway Holdings is selling at 2.10 as of the 25th of April 2024; that is -1.41 percent down since the beginning of the trading day. The stock's open price was 2.13. Highway Holdings has less than a 12 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Highway Holdings Limited are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 9th of December 1996 | Category Industrials |
Highway Holdings Limited, together with its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers and contract manufacturers. Highway Holdings Limited was incorporated in 1990 and is headquartered in Sheung Shui, Hong Kong. The company has 4.42 M outstanding shares of which 5.75 K shares are currently shorted by private and institutional investors with about 1.38 trading days to cover. More on Highway Holdings Limited
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Follow Valuation Profit Patterns Odds of Bankruptcy
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Highway Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Highway Holdings' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Highway Holdings or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Roland Kohl | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | Showing 3 out of 5 themes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Metal Fabrication, Industrials, NASDAQ Composite, NASDAQ Composite Total, Copper, Farming, Heavy Metals, Plastics, Construction Materials, Industrials, Machinery, Metal Fabrication, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Highway Holdings' liquidity, profitability, solvency, and operating efficiency, Highway Holdings Limited is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Highway Holdings is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Highway Holdings' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Highway Holdings' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Highway Holdings' financial leverage. It provides some insight into what part of Highway Holdings' total assets is financed by creditors.
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Highway Holdings Limited (HIHO) is traded on NASDAQ Exchange in USA. It is located in Landmark North, Sheung Shui, Hong Kong and employs 11 people. Highway Holdings is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 9.39 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Highway Holdings's market, we take the total number of its shares issued and multiply it by Highway Holdings's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Highway Holdings conducts business under Machinery sector and is part of Industrials industry. The entity has 4.42 M outstanding shares of which 5.75 K shares are currently shorted by private and institutional investors with about 1.38 trading days to cover.
Highway Holdings Limited currently holds about 6.01 M in cash with 809 K of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.48.
Check Highway Holdings Probability Of Bankruptcy
Ownership AllocationHighway Holdings secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months.
Check Highway Ownership Details
Highway Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Highway Holdings jumping above the current price in 90 days from now is about 11.05%. The Highway Holdings Limited probability density function shows the probability of Highway Holdings stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Highway Holdings Limited has a beta of -0.0667. This usually indicates as returns on the benchmark increase, returns on holding Highway Holdings are expected to decrease at a much lower rate. During a bear market, however, Highway Holdings Limited is likely to outperform the market. Additionally, highway Holdings Limited has an alpha of 0.1126, implying that it can generate a 0.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Highway Holdings to move above the current price in 90 days from now is about 11.05 (This Highway Holdings Limited probability density function shows the probability of Highway Stock to fall within a particular range of prices over 90 days) .
Highway Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Highway Holdings that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Highway Holdings' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Highway Holdings' value.| Instituion | Recorded On | Shares | |
| Renaissance Technologies Corp | 2023-12-31 | 190.4 K | |
| Citadel Advisors Llc | 2023-09-30 | 17.2 K | |
| Susquehanna International Group, Llp | 2023-12-31 | 10.2 K | |
| Ubs Group Ag | 2023-12-31 | 8.7 K | |
| Advisor Group Holdings, Inc. | 2023-12-31 | 418 | |
| Acadian Asset Management Llc | 2023-12-31 | 110 | |
| Coppell Advisory Solutions Llc | 2023-12-31 | 31.0 |
Highway Holdings Historical Income Statement
Highway Holdings Limited Income Statement is one of the three primary financial statements used for reporting Highway's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Highway Holdings revenue and expense. Highway Holdings Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Highway Holdings' Selling General Administrative is very stable compared to the past year. As of the 25th of April 2024, Net Income Applicable To Common Shares is likely to grow to about 474.9 K, while Depreciation And Amortization is likely to drop about 613.9 K. View More FundamentalsHighway Stock Against Markets
Picking the right benchmark for Highway Holdings stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Highway Holdings stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Highway Holdings is critical whether you are bullish or bearish towards Highway Holdings Limited at a given time. Please also check how Highway Holdings' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Highway Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Highway Holdings Corporate Directors
Highway Holdings corporate directors refer to members of a Highway Holdings board of directors. The board of directors generally takes responsibility for the Highway Holdings' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Highway Holdings' board members must vote for the resolution. The Highway Holdings board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Uri Oppenheimer | Non-Executive Independent Director | Profile | |
| Wing Leung | Non-Executive Independent Director | Profile | |
| Ping Wong | Non-Executive Independent Director | Profile | |
| Shlomo Tamir | Non-Executive Independent Director | Profile |
How to buy Highway Stock?
Before investing in Highway Holdings, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Highway Holdings. To buy Highway Holdings stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Highway Holdings. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Highway Holdings stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Highway Holdings Limited stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Highway Holdings Limited stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Highway Holdings Limited, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Highway Stock please use our How to Invest in Highway Holdings guide.
Already Invested in Highway Holdings Limited?
The danger of trading Highway Holdings Limited is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Highway Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Highway Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Highway Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Highway Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Highway Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Highway Holdings Limited Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Highway Holdings Limited Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Highway Holdings Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Highway Holdings information on this page should be used as a complementary analysis to other Highway Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Highway Stock analysis
When running Highway Holdings' price analysis, check to measure Highway Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Highway Holdings is operating at the current time. Most of Highway Holdings' value examination focuses on studying past and present price action to predict the probability of Highway Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Highway Holdings' price. Additionally, you may evaluate how the addition of Highway Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Highway Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Highway Holdings. If investors know Highway will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Highway Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 5.885 | Dividend Share 0.2 | Earnings Share (0.23) | Revenue Per Share 1.987 | Quarterly Revenue Growth 0.603 |
The market value of Highway Holdings is measured differently than its book value, which is the value of Highway that is recorded on the company's balance sheet. Investors also form their own opinion of Highway Holdings' value that differs from its market value or its book value, called intrinsic value, which is Highway Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Highway Holdings' market value can be influenced by many factors that don't directly affect Highway Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Highway Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Highway Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Highway Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.