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Highway Holdings Limited is a metal fabrication business based in the US. Highway shares (HIHO) are listed on the NASDAQ and all prices are listed in US Dollars.
|52-week range||USD$1.5823 - USD$5.82|
|50-day moving average||USD$4.5282|
|200-day moving average||USD$3.7112|
|Wall St. target price||N/A|
|Dividend yield||USD$0.08 (1.63%)|
|Earnings per share (TTM)||USD$0.164|
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This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Valuing Highway stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Highway's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Highway's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 29x. In other words, Highway shares trade at around 29x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Highway's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$847,000.
The EBITDA is a measure of a Highway's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$10.2 million|
|Operating margin TTM||7.7%|
|Gross profit TTM||USD$4.2 million|
|Return on assets TTM||3.04%|
|Return on equity TTM||6.38%|
|Market capitalisation||USD$18.8 million|
TTM: trailing 12 months
There are currently 2,676 Highway shares held short by investors – that's known as Highway's "short interest". This figure is 59.4% down from 6,599 last month.
There are a few different ways that this level of interest in shorting Highway shares can be evaluated.
Highway's "short interest ratio" (SIR) is the quantity of Highway shares currently shorted divided by the average quantity of Highway shares traded daily (recently around 89200). Highway's SIR currently stands at 0.03. In other words for every 100,000 Highway shares traded daily on the market, roughly 30 shares are currently held short.
However Highway's short interest can also be evaluated against the total number of Highway shares, or, against the total number of tradable Highway shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Highway's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Highway shares in existence, roughly 0 shares are currently held short) or 0.0009% of the tradable shares (for every 100,000 tradable Highway shares, roughly 1 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Highway.
Find out more about how you can short Highway stock.
Dividend payout ratio: 1397.85% of net profits
Recently Highway has paid out, on average, around 1397.85% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.28% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Highway shareholders could enjoy a 5.28% return on their shares, in the form of dividend payments. In Highway's case, that would currently equate to about $0.08 per share.
Highway's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Highway's most recent dividend payout was on 8 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 26 February 2021 (the "ex-dividend date").
Over the last 12 months, Highway's shares have ranged in value from as little as $1.5823 up to $5.82. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Highway's is 0.4194. This would suggest that Highway's shares are less volatile than average (for this exchange).
Highway Holdings Limited, together with its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers (OEMs) and contract manufacturers. It operates through two segments, Metal Stamping and Mechanical OEM; and Electric OEM. The company also trades in plastic injection products; and manufactures and assembles automation equipment. Its products are used in the manufacture of products, such as photocopiers, laser printers, print cartridges, electrical connectors, electrical circuits, vacuum cleaners, LED power supplies, stepping motors, pumps for dishwashers, and other washing machine components. In addition, the company assists customers in the design and development of the tooling used in the metal and plastic manufacturing process, as well as provides an array of other manufacturing and engineering services. It serves customers in Hong Kong and China, Europe, North America, and other Asian countries. Highway Holdings Limited was founded in 1990 and is headquartered in Sheung Shui, Hong Kong.
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