HWH International Inc (NASDAQ: HWH) has become one of the more volatile micro‑cap names on the Nasdaq in 2025, with sharp swings in price, a recent after‑hours spike, and a string of corporate actions ranging from a reincorporation merger to a large stock award for its CEO.
This deep‑dive pulls together the latest price data, SEC filings, news, and third‑party forecasts available as of December 6, 2025, with particular focus on developments and trading since 5 December 2025 (05.12.2025).
Key facts about HWH stock right now
- Ticker / Exchange: HWH, NASDAQ
- Business: “Lifestyle” company operating Hapi Marketplace, Hapi Cafés and Hapi Wealth Builder (education and coaching) across Asia and online. StockAnalysis
- Latest regular close:$1.83 per share on Friday, December 5, 2025, up 2.81% on the day. StockAnalysis
- After‑hours move (Dec 5): Jumped to $2.48 in thin after‑hours trading (+35.5% vs regular close). StockAnalysis
- Market cap: About $11.5 million at $1.83 per share. Stock Titan
- 3‑month performance: Around –64% over the last three months, highlighting extremely high volatility. Barchart
- 52‑week range: Roughly $0.90 – $7.77. Barchart
- Share structure:
- Shares outstanding (record date Sept 22, 2025): 6,476,400. SEC
- Float: ~1.41 million shares
- Insider ownership: ~78%
- Institutional ownership: ~1.4%
- Short interest: ~0.9% of float Stock Titan
- Financial scale (TTM, updated Sept 30, 2025):
- Revenue: ≈$1.1 million
- Net loss: ≈$1.0 million StockAnalysis
- Dividend: No dividend; 0% yield. Alphapilot
Taken together, HWH is a tiny, thinly‑traded company with a very small free float and heavy insider ownership, which helps explain the outsized price swings.
Price action since 5 December 2025
Although markets are closed on Saturday, December 6, 2025, the most recent active trading session for HWH was Friday, December 5.
Intraday and weekly moves
According to StockAnalysis, HWH traded between $1.78 and $1.90 on December 5, closing at $1.83 with volume of 18,257 shares. StockAnalysis
Looking at the trading week leading into that date: StockAnalysis
- Mon, Dec 1: Closed at $1.56
- Tue, Dec 2:$1.57 (+0.8%)
- Wed, Dec 3: Surged to $1.88 (+19.75%), volume ~89k shares
- Thu, Dec 4: Pulled back to $1.78 (–5.3%)
- Fri, Dec 5: Rebounded slightly to $1.83 (+2.8%)
From the Monday close of $1.56 to Friday’s $1.83, the stock gained roughly 17% in just four sessions, despite big swings inside that range.
Barchart data show the 3‑month change at around –64.3%, with HWH sitting near the lower end of its 52‑week range, even after the early‑December rebound. Barchart
After‑hours spike
StockAnalysis also records that after the closing bell on December 5, HWH traded as high as $2.48 at around 7:05 p.m. EST, a 35.5% jump from the regular‑session close. StockAnalysis
Given the tiny float and modest volumes, such after‑hours spikes can occur on very few shares and may not be representative of where the stock will actually open in the next session.
Latest corporate news & SEC filings relevant as of early December 2025
While there were no new company press releases on December 5 itself, the trading is happening against a backdrop of very fresh filings and structural changes.
1. CEO awarded 1 million restricted shares (filed December 1, 2025)
- On November 26, 2025, HWH awarded 1,000,000 restricted shares to its Chairman & CEO Chan Heng Fai as compensation under the company’s 2025 Incentive Compensation Plan. Stock Insights
- The award was disclosed in a Form 8‑K filed on December 1, 2025, categorized as a management‑changes filing. Stock Insights
With 6,476,400 shares outstanding as of the 2025 annual meeting record date, the grant represents around 15% of the pre‑award share count, implying meaningful dilution for existing holders if and when all restricted shares fully vest. SEC
TipRanks and other financial news outlets picked up the story in early December, highlighting the award as a one‑time compensation grant to the CEO. TipRanks
2. Annual meeting results (Form 8‑K filed November 20, 2025)
- HWH held its 2025 Annual Meeting of Shareholders on November 20, 2025.
- All five director nominees were elected, and HTL International, LLC was ratified as the independent auditor for the 2025 fiscal year. Stock Titan
- A total of 5,573,587 shares were present in person or by proxy, out of 6,476,400 shares outstanding at the September 22, 2025 record date, constituting a valid quorum. SEC
This confirms continued board support for the current management and capital structure as the company transitions jurisdictions.
3. Reincorporation merger: Delaware to Nevada (announced November 14, 2025)
In mid‑November, HWH announced an Agreement and Plan of Merger under which the existing Delaware corporation would merge into a wholly‑owned Nevada subsidiary, with the Nevada entity as the surviving company. Law Insider
Key points from the merger filings and Reuters brief: Tiger Brokers
- The company’s name (“HWH International Inc”) and ticker (HWH) will remain unchanged.
- The common stock will continue to be listed on the Nasdaq Stock Market under the same symbol.
- After the effective time of the merger, HWH will be governed by Nevada law and its new Nevada charter and bylaws.
Functionally, this is a reincorporation and legal clean‑up, not a change to the listed entity from a shareholder’s perspective, but investors often watch such moves for potential shifts in governance standards.
4. Earlier 2025 events still shaping sentiment
Even though these occurred earlier in the year, they directly influence how investors view the stock now:
- Reverse stock split (1‑for‑5)
- Announced February 20, 2025 and effective February 24, 2025, HWH executed a 1‑for‑5 reverse split to support compliance with Nasdaq listing requirements. SEC
- Public offering raising ~$1.76 million
- On January 6, 2025, HWH closed a public offering of 3,162,500 shares and 1,250,000 warrants, raising approximately $1.76 million in gross proceeds. Nasdaq
- Nasdaq compliance and risk flags
- HWH had multiple Nasdaq compliance notices in 2024 related to market‑value and public‑float requirements. Simply Wall St notes negative shareholders’ equity as a key risk and confirms there are no mainstream analyst earnings forecasts for the company. Simply Wall St
These actions highlight a pattern common to many micro‑caps: reverse splits and capital raises to maintain listing and fund operations, which can be dilutive but keep the company on a national exchange.
What does HWH actually do? Business model in brief
Per its latest company description, HWH is positioned as a lifestyle‑focused platform built around the “Hapi” brand: StockAnalysis
- Hapi Marketplace: Discounted consumer products (bathroom supplies, fashion, accessories, cosmetics, health supplements) for members.
- Hapi Cafés: Branded cafés and an online healthy food store, currently with locations in Singapore and South Korea and affiliates in Taiwan and China, selling “health‑focused” meals and drinks. Stock Titan
- Hapi Wealth Builder: In‑person and online coaching, courses and workshops focused on equity investing and wealth‑building strategies. StockAnalysis
In late 2024, HWH also announced: Stock Titan
- A Hapi Wealth rollout in China via a partnership with Asia Business College (official launch in 2025).
- Hapi Travel, a travel joint venture focused on educational tours and conference packages, which generated over $18 million in revenue in its first three quarters of 2024 (HWH owns a minority stake). Stock Titan
- Hapi iRobot and robotics partnerships using a Robot‑as‑a‑Service (RaaS) model for hospitality, retail, healthcare and other sectors. Stock Titan
Financially, however, the consolidated HWH entity remains very small:
- Trailing‑twelve‑month revenue of about $1.1 million, gross profit of ~$0.53m and an operating loss of about $1.25m. StockAnalysis
- Last reported quarter (Q3 2025): revenue $206.8k, with net loss around $291k, down ~33% in revenue vs the previous quarter. TradingView
That combination—big narrative, small current revenue, and ongoing losses—is central to understanding why third‑party models focus more on technicals than on traditional fundamentals.
HWH stock forecasts and technical analysis (2025–2030)
There are no official Wall Street analyst price targets published for HWH, but several analytics platforms and AI‑driven tools have issued technical or algorithmic forecasts as of early December 2025. These should be treated as informational only, not as recommendations.
Short‑term AI forecast: Intellectia
Intellectia’s HWH page shows an AI‑driven forecast that, as of early December 2025, projects: Intellectia
- 1‑day prediction: ~+2.8%, with a target around $1.83
- 1‑week prediction: Around $2.18
- 1‑month prediction: Around $2.64 (roughly +44–50% vs $1.83)
- 2026 projection: About $1.65
- 2030 projection: Around $1.96
Intellectia describes HWH as having “several positive signals” and being in a rising short‑term trend, and labels it a “Strong Buy candidate” based on its five‑dimension AI model (technical signals, moving averages, short interest, pattern matching and seasonality). Intellectia
Technical dashboard & 12‑month target: StockScan
StockScan’s technical panel, using recent price and volume data, reports: StockScan
- 12‑month average price target:$1.65, implying ~9–10% downside from $1.83.
- Oscillators summary: 1 Buy, 2 Sell, 4 Neutral (RSI ~51.8, stochastic indicators mostly neutral).
- Moving averages:
- Shorter‑term MA10 and MA20 (simple and exponential) mostly show Buy signals.
- Longer‑term MA50, MA100 and MA200 are largely Sell, consistent with a longer‑term downtrend.
StockScan synthesizes these into an overall stance that HWH is a “Moderate Sell” with a neutral technical summary—suggesting a stock where short‑term momentum is improving but remains embedded in a broader bearish trend. StockScan
CoinCodex near‑term forecast
CoinCodex’s latest stock prediction for HWH estimates that the share price could fall about 7.6% to around $1.64 by January 3, 2026, based on its current model. CoinCodex
The site notes that earnings‑history information and earnings date forecasts are still unavailable for HWH, underlining the limited historical dataset for modeling. CoinCodex
Other technical perspectives
- Barchart shows HWH trading at $1.83 with 3‑month performance of –64.33%, and lists nearby support/resistance levels in the $1.65–2.01 range, aligning with the technical clustering seen in other tools. Barchart
- Intellectia and StockScan both highlight that short‑term moving averages have turned more constructive, while longer‑term averages still reflect the steep declines from earlier in 2025. Intellectia
Bottom line on forecasts:
- Short‑term algorithms (days/weeks): Tilt bullish to positive, expecting potential continuation of the recent bounce.
- Medium‑term/12‑month models: Skew neutral to mildly bearish, with modest downside targets near $1.60–1.70.
- Long‑term (2030): Intellectia’s algorithm sees modest appreciation over many years, but with far less upside than the one‑month projection. Intellectia
All of these are quantitative models, not fundamental analyst coverage, and they rely heavily on past price behavior—and on a limited history at that.
Fundamentals and valuation snapshot
Using the latest financials (TTM through September 30, 2025): StockAnalysis
- Revenue (TTM): ~$1.1m
- Gross profit (TTM): ~$0.53m
- Operating loss (TTM): ~–$1.25m
- Net loss (TTM): ~–$1.0m
- Free cash flow (TTM): around –$1.0m
At a market cap of roughly $11.5m, this implies a price‑to‑sales ratio in the low‑double‑digits (~10×) based on trailing revenue, with continued losses and negative shareholders’ equity, as flagged by Simply Wall St. StockAnalysis
Other fundamental considerations:
- No dividend: Investors rely purely on potential capital gains. Alphapilot
- Heavy insider ownership (~78%) and low float (~1.41m shares) can amplify both upside squeezes and downside air pockets. Stock Titan
- HWH has changed auditors (engaging HTL International, LLC in 2025), executed a reverse split, and raised equity capital multiple times since late 2024, pointing to ongoing capital‑markets dependence. Yahoo Finance
From a classic value‑investing viewpoint, HWH is still deep in speculative territory: small revenue base, losses, negative equity, complex corporate actions, and no traditional analyst coverage.
Key risks HWH investors should keep in mind
- Micro‑cap volatility & liquidity risk
- With only about 1.4 million shares in the public float, price can move dramatically on relatively tiny trades, as seen in the 35% after‑hours spike on December 5. StockAnalysis
- Dilution risk
- The January 2025 public offering and outstanding warrants, plus the 1,000,000 restricted shares recently granted to the CEO, add significant potential dilution on top of the existing share base. SEC
- Balance‑sheet quality
- Third‑party analysis flags negative shareholders’ equity and limited operating history as major risks, which can constrain financing options and increase reliance on new share issuances. Simply Wall St
- Regulatory and listing risk
- HWH has already faced Nasdaq non‑compliance notices and resorted to a reverse split to remain listed. Simply Wall St
- The Delaware‑to‑Nevada reincorporation may provide management with a more flexible legal framework, but investors should watch closely for any changes in shareholder protections. Tiger Brokers
- Execution risk across multiple initiatives
- HWH is simultaneously trying to grow F&B operations, education programs, an online marketplace, travel joint ventures and robotics distribution—far more lines of business than most companies of its size can easily manage. Stock Titan
Is HWH International Inc (HWH) stock a buy, sell or hold?
Because there is no mainstream analyst coverage, investors are largely left to combine their own fundamental view with quantitative signals from AI and technical platforms.
Arguments the bulls might make:
- Short‑term momentum: Several AI‑driven tools (such as Intellectia) currently lean bullish for the next few days and weeks, projecting prices above $2.00–2.60 in the near term and calling HWH a “Strong Buy candidate.” Intellectia
- Tiny float: With high insider ownership and low public float, any positive catalyst or speculative interest can create sharp upside squeezes, as the after‑hours move on December 5 illustrates. StockAnalysis
- Growth narrative: Partnerships around travel, robotics and wealth education give HWH exposure to several high‑growth themes (automation, experiential tourism, financial education), even though these are not yet reflected heavily in consolidated revenue. Stock Titan
Arguments the bears might make:
- Fundamentals still weak: Revenue remains around $1.1m (TTM) with a comparable net loss, and negative equity, making the current valuation (~$11.5m market cap) demanding relative to fundamentals. StockAnalysis
- Dilution and governance concerns: Reverse splits, repeated equity raises, and a large CEO share grant (~15% of the share count) can be seen as shareholder‑unfriendly, especially if future funding needs trigger further dilution. SEC
- Neutral to bearish 12‑month forecasts: Tools like StockScan and CoinCodex see limited upside or modest downside over the next year, with price targets in the $1.60–1.65 range, below current levels. StockScan
Given all of this, many risk‑aware investors may view HWH as a high‑risk, highly speculative trading vehicle rather than a traditional long‑term investment at this stage.
What to watch after December 5, 2025
For readers tracking HWH from now on, key catalysts to monitor include:
- Completion details and effects of the Nevada reincorporation, including any amendments to governance or capital‑structure provisions. Investing
- Updates on Hapi Wealth, Hapi Travel and robotics rollouts—especially whether the strong JV revenue numbers reported for 2024 begin to translate into higher consolidated revenue and improved margins. Stock Titan
- Q4 2025 and FY 2025 results, which will show whether the company is stabilizing losses or continuing to burn cash at current rates. StockAnalysis
- Any further stock‑based compensation or capital raises, particularly in the wake of the 1‑million‑share CEO grant. Stock Insights
- Price behavior around key technical levels (support near $1.65, resistance around $1.90–2.00), as flagged by sites like Barchart and StockScan. Barchart
Final disclaimer
This article is based on publicly available data and third‑party analytics as of December 6, 2025, with special attention to developments and market activity from 5 December 2025 onward. It is provided for information and general news purposes only and does not constitute financial, investment, or trading advice.
HWH International Inc is a high‑risk micro‑cap stock. Anyone considering trading or investing in HWH should perform their own due diligence, carefully consider their risk tolerance, and, if necessary, consult a licensed financial advisor.
