Why Investors Should Stick to Highway Holdings Ltd. (NASDAQ: HIHO) Stock in 2024

In the latest trading session, 4.1 million Highway Holdings Ltd. (NASDAQ:HIHO) shares changed hands as the company’s beta touched 0.09. With the company’s most recent per share price at $2.38 changing hands around $0.42 or 21.43% at last look, the market valuation stands at $10.47M. HIHO’s last price was a premium, traded about 0.84% off its 52-week high of $2.36. The share price had its 52-week low at $1.70, which suggests the last value was 28.57% up since then. When we look at Highway Holdings Ltd.’s average trading volume, we note the 10-day average is 8720.0 shares, with the 3-month average coming to 7.83K.

Highway Holdings Ltd. (NASDAQ:HIHO) trade information

Instantly HIHO is in green as seen in intraday trades today. With action 22.05%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 18.86%, with the 5-day performance at 22.05% in the green. However, in the 30-day time frame, Highway Holdings Ltd. (NASDAQ:HIHO) is 25.93% up. Looking at the short shares, we see there were 2692.0 shares sold at short interest cover period of 0.41 days.

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Highway Holdings Ltd. (HIHO) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -5.77%.

HIHO Dividends

Highway Holdings Ltd. is expected to release its next quarterly earnings report in November. The 5.04% annual yield figure for the share gives it an annual dividend of 0.12. It is important to note, however, that the 5.04% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 8.77 per year.

Highway Holdings Ltd. (NASDAQ:HIHO)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 39.81% of Highway Holdings Ltd. shares while 4.63% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 7.69%. There are 4.63% institutions holding the Highway Holdings Ltd. stock share, with RENAISSANCE TECHNOLOGIES LLC the top institutional holder. As of 2024-06-30, the company held 4.2457% of the shares, roughly 0.19 million HIHO shares worth $0.39 million.

SUSQUEHANNA INTERNATIONAL GROUP, LLP holds the second largest percentage of outstanding shares, with 0.3303% or 14487.0 shares worth $29843.0 as of 2024-06-30.