Additionally, the 36-month beta value for HIHO is 0.09. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for HIHO is 2.65M and currently, short sellers hold a 0.10% ratio of that float. The average trading volume of HIHO on October 22, 2024 was 7.83K shares.
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HIHO) stock’s latest price update
Highway Holdings Ltd. (NASDAQ: HIHO)’s stock price has soared by 16.90 in relation to previous closing price of 1.96. Nevertheless, the company has seen a gain of 17.50% in its stock price over the last five trading days. prnewswire.com reported 2024-10-10 that 60.1% Year Over Year Increase in Second Quarter Revenue 117.8% Year Over Year Increase in Second Quarter Gross Profit Cash and Cash Equivalents of $1.28 Per Diluted Share HONG KONG, Oct. 10, 2024 /PRNewswire/ — Highway Holdings Limited (Nasdaq: HIHO, “the Company” or “Highway Holdings”) today reported results for the second quarter of fiscal year 2025 and the six months ended September 30, 2024, with second quarter of fiscal year 2025 revenue growth of 60.1% and gross profit growth of 117.8% on a year over year basis. Roland Kohl, chairman, president and chief executive officer of Highway Holdings, noted, “While the positive results reflect an improving environment at our customers, we still have a lot of ground to make up to return to our normalized pre-COVID business level.
HIHO’s Market Performance
Highway Holdings Ltd. (HIHO) has experienced a 17.50% rise in stock performance for the past week, with a 21.23% rise in the past month, and a 18.10% rise in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are at 3.49% for HIHO. The simple moving average for the past 20 days is 19.23% for HIHO’s stock, with a 13.84% simple moving average for the past 200 days.
HIHO Trading at 22.07% from the 50-Day Moving Average
After a stumble in the market that brought HIHO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.92% of loss for the given period.
Volatility was left at 3.49%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares surge +25.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.12% upper at present.
During the last 5 trading sessions, HIHO rose by +20.51%, which changed the moving average for the period of 200-days by +16.91% in comparison to the 20-day moving average, which settled at $1.9245. In addition, Highway Holdings Ltd. saw 14.42% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HIHO
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.32 for the gross margin
The net margin for Highway Holdings Ltd. stands at -0.07. The total capital return value is set at -0.17. Equity return is now at value -6.96, with -4.32 for asset returns.
Currently, EBITDA for the company is 0.64 million with net debt to EBITDA at -11.2. When we switch over and look at the enterprise to sales, we see a ratio of 0.69. The receivables turnover for the company is 3.86for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.56.
Conclusion
In conclusion, Highway Holdings Ltd. (HIHO) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
