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High-Trend International Group logo

High-Trend International Group

HTCO

NASDAQIndustrialsMarine Shipping

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Previous close

$2.99

+$0.15 · +5.28%

Aug 21, 4:00 PM ET

HTCO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

47

Fair Value

Momentum

17

Strong Down

Sentiment

48

Mixed

Risk resilience

37

High Risk

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Company profile

Company website

High-Trend International Group, a maritime logistics firm established in Singapore in 2022, operates with a global footprint. The company delivers ocean transportation services, spanning key hubs like Hong Kong and Singapore to various international destinations. Beyond its core shipping activities, High-Trend is dedicated to advancing sustainable maritime practices, providing innovative solutions for marine decarbonization and managing digital carbon assets for the wider shipping industry. Its primary operations involve facilitating seaborne cargo movement through voyage contracts, as well as offering comprehensive vessel services on behalf of ship owners. The entity was formerly recognized as Caravelle International Group before adopting its current name in January 2025.

Industry
Marine Shipping
Sector
Industrials
Headquarters
SG
CEO
Shixuan He
Listed since
Sep 27, 2021
Employees
18

Market position

Day range

Current $2.99

52-week range

Current $2.99

Open
$2.85
Previous close
$2.84
Volume
44.56K
0.05× average
Average volume
826.93K
Average daily volume
Market cap
25.21M USD
Beta
-0.85
Market reference 1
50-day average
$3.5209
-15.08% below average
200-day average
$7.8469
-61.90% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
50.06M USD
P/E (TTM)
-1.57×
P/B (TTM)
3.39×
P/S (TTM)
0.1×
EV / EBITDA
-2.51×
Earnings yield
-35.73%
Free cash flow yield
7.70%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
2.60%
Operating margin
-3.87%
Net margin
-5.03%
Return on equity
-272.48%
Return on assets
-66.33%
Return on invested capital
-156.72%

Financial health

Debt / equity
0.01×
Current ratio
1.54×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends18%4%-11%-25%Gross margin, FY2021: 10.62%Gross margin, FY2022: 14.48%Gross margin, FY2023: -12.48%Gross margin, FY2024: 7.49%Gross margin, FY2025: 3.14%Operating margin, FY2021: 8.59%Operating margin, FY2022: 12.72%Operating margin, FY2023: -16.41%Operating margin, FY2024: 2.13%Operating margin, FY2025: -9.29%Net margin, FY2021: 4.35%Net margin, FY2022: 6.60%Net margin, FY2023: -9.80%Net margin, FY2024: -21.81%Net margin, FY2025: -10.01%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 10.62%. Gross margin FY2022 14.48%. Gross margin FY2023 -12.48%. Gross margin FY2024 7.49%. Gross margin FY2025 3.14%. Operating margin FY2021 8.59%. Operating margin FY2022 12.72%. Operating margin FY2023 -16.41%. Operating margin FY2024 2.13%. Operating margin FY2025 -9.29%. Net margin FY2021 4.35%. Net margin FY2022 6.60%. Net margin FY2023 -9.80%. Net margin FY2024 -21.81%. Net margin FY2025 -10.01%.

Income trends

Revenue

214.42M USD+98.21%

Operating income

−19.91M USD−22.22M USD

Net income

−21.46M USD+9.05%
Income trends across reported periods238.22M USD143.01M USD47.81M USD−47.4M USDRevenue, FY2021: 121.96M USDRevenue, FY2022: 185.35M USDRevenue, FY2023: 95.26M USDRevenue, FY2024: 108.18M USDRevenue, FY2025: 214.42M USDOperating income, FY2021: 10.48M USDOperating income, FY2022: 23.58M USDOperating income, FY2023: −15.63M USDOperating income, FY2024: 2.31M USDOperating income, FY2025: −19.91M USDNet income, FY2021: 5.31M USDNet income, FY2022: 12.23M USDNet income, FY2023: −9.33M USDNet income, FY2024: −23.6M USDNet income, FY2025: −21.46M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 121.96M USD. Revenue FY2022 185.35M USD. Revenue FY2023 95.26M USD. Revenue FY2024 108.18M USD. Revenue FY2025 214.42M USD. Operating income FY2021 10.48M USD. Operating income FY2022 23.58M USD. Operating income FY2023 −15.63M USD. Operating income FY2024 2.31M USD. Operating income FY2025 −19.91M USD. Net income FY2021 5.31M USD. Net income FY2022 12.23M USD. Net income FY2023 −9.33M USD. Net income FY2024 −23.6M USD. Net income FY2025 −21.46M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue214.42M USD108.18M USD95.26M USD185.35M USD121.96M USD
Cost of goods sold207.69M USD100.08M USD107.14M USD158.5M USD109.01M USD
Gross profit6.73M USD8.1M USD−11.89M USD26.85M USD12.95M USD
Selling, general, and administrative26.64M USD5.8M USD3.74M USD3.27M USD2.47M USD
Operating expenses26.64M USD5.8M USD3.74M USD3.27M USD2.47M USD
Interest income60.83K USD3.44K USD7.74K USD18 USD5 USD
Interest expense45.94K USD90.2K USD112.02K USD101.88K USD122.39K USD
Depreciation and amortization72.96K USD106.43K USD85.75K USD42.04K USD40.09K USD
Operating income−19.91M USD2.31M USD−15.63M USD23.58M USD10.48M USD
Net income−21.46M USD−23.6M USD−9.33M USD12.23M USD5.31M USD

Company facts updated Aug 24, 2026.

Corporate actions

Corporate action history

Stock split

Effective Aug 8, 2025

1:25

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