Highway Holdings Limited Stock Price on April 8, 2022
| HIHO Stock | USD 2.08 0.01 0.48% |
Below is the normalized historical share price chart for Highway Holdings Limited extending back to December 11, 1996. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Highway Holdings stands at 2.08, as last reported on the 23rd of April, with the highest price reaching 2.12 and the lowest price hitting 2.08 during the day.
If you're considering investing in Highway Stock, it is important to understand the factors that can impact its price. We consider Highway Holdings relatively risky. Highway Holdings holds Efficiency (Sharpe) Ratio of 0.0559, which attests that the entity had a 0.0559% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Highway Holdings, which you can use to evaluate the volatility of the firm. Please check out Highway Holdings' Downside Deviation of 1.65, market risk adjusted performance of (0.61), and Risk Adjusted Performance of 0.0419 to validate if the risk estimate we provide is consistent with the expected return of 0.095%.
At this time, Highway Holdings' Total Stockholder Equity is very stable compared to the past year. As of the 23rd of April 2024, Liabilities And Stockholders Equity is likely to grow to about 13.8 M, while Common Stock Shares Outstanding is likely to drop about 3.9 M. . At this time, Highway Holdings' Price Earnings To Growth Ratio is very stable compared to the past year. As of the 23rd of April 2024, Price To Operating Cash Flows Ratio is likely to grow to 12.39, while Price To Sales Ratio is likely to drop 0.43. Highway Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 9th of December 1996 | 200 Day MA 2.0478 | 50 Day MA 2.0912 | Beta 0.167 |
Highway |
Sharpe Ratio = 0.0559
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| Cash | Small Risk | HIHO | High Risk | Huge Risk |
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Estimated Market Risk
| 1.7 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Highway Holdings is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Highway Holdings by adding it to a well-diversified portfolio.
Price Book 1.242 | Enterprise Value Ebitda (3.86) | Price Sales 1.1419 | Shares Float 2.6 M | Dividend Share 0.2 |
Highway Holdings Valuation on April 8, 2022
It is possible to determine the worth of Highway Holdings on a given historical date. On April 8, 2022 Highway was worth 2.65 at the beginning of the trading date compared to the closed value of 2.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Highway Holdings stock. Still, in general, we apply an absolute valuation method to find Highway Holdings' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Highway Holdings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Highway Holdings' related companies.
| Open | High | Low | Close | Volume | |
| 2.77 | 2.77 | 2.20 | 2.20 | 5,412 | |
04/08/2022 | 2.65 | 2.69 | 2.17 | 2.17 | 4,711 |
| 2.56 | 2.69 | 2.12 | 2.12 | 9,577 |
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Highway Holdings Trading Date Momentum on April 8, 2022
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Highway Holdings Fundamentals Correlations and Trends
By evaluating Highway Holdings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Highway Holdings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Highway financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Highway Holdings Stock history
Highway Holdings investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Highway is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Highway Holdings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Highway Holdings stock prices may prove useful in developing a viable investing in Highway Holdings
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 4.7 M | 3.9 M | |
| Net Income Applicable To Common Shares | 398.7 K | 474.9 K |
Highway Holdings Quarterly Net Working Capital |
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Highway Holdings Stock Technical Analysis
Highway Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Highway Holdings Period Price Range
Low | April 8, 2022
| High |
2.65 | 2.17 |
Highway Holdings April 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Highway Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Highway Holdings shares will generate the highest return on investment. By undertsting and applying Highway Holdings stock market strength indicators, traders can identify Highway Holdings Limited entry and exit signals to maximize returns
Highway Holdings Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Highway Holdings' price direction in advance. Along with the technical and fundamental analysis of Highway Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Highway to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0419 | |||
| Jensen Alpha | 0.0968 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.004 | |||
| Treynor Ratio | (0.62) |
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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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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.