How Is Highway Holdings Ltd. (NASDAQ: HIHO) Doing?

Highway Holdings Ltd. (NASDAQ:HIHO) price is hovering lower on current market day and dropping -3.94% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $2.54, with intraday deals fluctuating between $2.057 and $2.75. The company’s 5Y monthly beta was ticking 0.094. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.88 and 52-week low of $1.70. The stock added 30.27% on its value in the past month.

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Highway Holdings Ltd., which has a market valuation of $10.74 million, is expected to release its quarterly earnings report in November. The company stock has a Forward Dividend ratio of 0.12, while the dividend yield is 4.92%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.

Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give HIHO a short term outlook of 25% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.

The overview shows that HIHO’s price is at present 24.42% off the SMA20 and 28.80% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 76.67, with weekly volatility standing at 8.70%. The indicator jumps to 5.05% when calculated based on the past 30 days. Highway Holdings Ltd. (NASDAQ:HIHO)’s beta value is holding at 0.10, while the average true range (ATR) indicator is currently reading 0.17.

An analysis of the Highway Holdings Ltd. (NASDAQ:HIHO) stock in terms of its daily trading volume indicates that the 3-month average is 100.66K. However, this figure increases on the past 10-day timeline to an average of 0.61 million.

Current records show that the company has 4.40M in outstanding shares. The insiders’ percentage holdings are 39.81% of outstanding shares while the percentage share held by institutions stands at 4.63%. The stats also highlight that short interest as of 2024-09-30, stood at 2692.0 shares, which puts the short ratio at the time at 0.41. From this we can glean that short interest is 9.00 of company’s current outstanding shares. Notably, we see that shares short in September rose slightly given the previous month’s figure stood at 1035.0. But the 21.85% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

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