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Highway Holdings
(NASDAQ:HIHO)
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Rating:46Neutral
Price Target:
$0.80
▼(-30.69% Downside)
Action:Reiterated
Date:07/16/26
HIHO scores low primarily due to deteriorating financial performance—shrinking revenue, sharply negative profitability, higher debt, and negative operating/free cash flow. Technicals are more balanced (neutral momentum with mild stabilization), but the stock remains below its 200-day average. Valuation is constrained by negative earnings (negative P/E) and no provided dividend yield, offering limited support to offset the fundamental weakness.
Positive Factors
Diverse contract manufacturing model
Highway's contract-manufacturing model spans industrial, medical, telecom/networking and consumer sectors and includes engineering, tooling, finishing and assembly with Asia-based supply-chain operations. This breadth creates recurring program revenue, customer stickiness and diversification benefits over time.
Negative Factors
Sharp revenue decline
Revenues plunged over multiple years, from $12.4M in 2022 to $4.8M in 2026, representing a sustained structural decline. Lower sales undermine fixed-cost absorption, reduce pricing leverage, and signal potential customer program losses that could take many quarters to replace without new contract wins.
Read all positive and negative factors
Positive Factors
Negative Factors
Diverse contract manufacturing model
Highway's contract-manufacturing model spans industrial, medical, telecom/networking and consumer sectors and includes engineering, tooling, finishing and assembly with Asia-based supply-chain operations. This breadth creates recurring program revenue, customer stickiness and diversification benefits over time.
Read all positive factors
Highway Holdings (HIHO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.88M
Dividend Yield9.6%
Average Volume (3M)134.98K
Price to Earnings (P/E)―
Beta (1Y)0.51
Revenue Growth-35.17%
EPS Growth-1495.76%
CountryUS
Employees147
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)-0.17
Shares Outstanding4,601,825
10 Day Avg. Volume5,856
30 Day Avg. Volume134,976
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.71
Price to Sales (P/S)0.72
P/FCF Ratio-2.29
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Highway Holdings Business Overview & Revenue Model
Company Description
Highway Holdings Limited, including its various subsidiaries, is primarily involved in the creation and distribution of a wide array of components, subassemblies, and complete products. These offerings encompass metal, plastic, electrical, and ele...
How the Company Makes Money
Highway Holdings makes money primarily by providing contract manufacturing services to corporate customers and recognizing revenue from the sale of manufactured parts and assembled products. Its key revenue streams typically include: (1) manufactu...
Highway Holdings Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
46
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.36M | 4.80M | 7.41M | 6.32M | 10.24M | 12.37M |
| Gross Profit | 1.43M | 1.37M | 2.47M | 1.71M | 3.14M | 3.77M |
| EBITDA | -1.21M | -1.46M | 756.00K | -381.00K | 828.00K | 1.67M |
| Net Income | -742.00K | -1.52M | 106.00K | -959.00K | -294.00K | 443.00K |
Balance Sheet | ||||||
| Total Assets | 7.72M | 11.32M | 9.55M | 11.32M | 13.88M | 14.86M |
| Cash, Cash Equivalents and Short-Term Investments | 5.13M | 4.41M | 6.18M | 6.60M | 7.01M | 7.38M |
| Total Debt | 318.00K | 3.15M | 810.00K | 1.39M | 2.06M | 1.20M |
| Total Liabilities | 1.87M | 5.88M | 3.29M | 4.68M | 5.67M | 5.59M |
| Stockholders Equity | 5.87M | 4.89M | 6.27M | 6.64M | 8.20M | 9.27M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.51M | -461.00K | 297.00K | 717.00K | -298.00K |
| Operating Cash Flow | 0.00 | -1.41M | -360.00K | 415.00K | 809.00K | -164.00K |
| Investing Cash Flow | 0.00 | -109.00K | 232.00K | -102.00K | 991.00K | -1.20M |
| Financing Cash Flow | 0.00 | -25.00K | -492.00K | -557.00K | -920.00K | -549.00K |
Highway Holdings Technical Analysis
Negative
1.16
Price Trends
0.79
Positive
0.82
Positive
1.06
Negative
Market Momentum
0.01
Positive
50.48
Neutral
43.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HIHO, the sentiment is Negative. The current price of 1.16 is above the 20-day moving average (MA) of 0.82, above the 50-day MA of 0.79, and above the 200-day MA of 1.06, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 50.48 is Neutral, neither overbought nor oversold. The STOCH value of 43.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HIHO.
Highway Holdings Risk Analysis
Highway Holdings disclosed 33 risk factors in its most recent earnings report. Highway Holdings reported the most risks in the "Macro & Political" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Highway Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | $45.71M | -26.99 | -13.31% | ― | -7.02% | 43.85% | |
46 Neutral | $3.88M | -2.47 | -8.38% | 9.60% | -35.17% | -1495.76% | |
46 Neutral | $162.20M | -2.41 | -145.82% | ― | 6.27% | -1660.64% | |
40 Underperform | $8.19M | -0.02 | -81.84% | ― | 15.47% | 74.09% |
* Industrials Sector Average
HIHO
Highway Holdings
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Highway Holdings Corporate Events
Highway Holdings Announces Resignations of Two Board Directors
Jun 4, 2026
Highway Holdings Limited, a Hong Kong-based foreign private issuer listed in the U.S., operates under the Securities Exchange Act framework and files its annual reports on Form 20-F. The company maintains its principal executive offices in Sheung ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.