IHS — IHS Holding Ltd

Founder-Led

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About IHS Holding Ltd

IHS Holding Limited, together with its subsidiaries, develops, owns, and operates shared communications infrastructure in Nigeria, Cameroon, Côte d'Ivoire, South Africa, and Zambia. The company offers colocation and lease amendment services, which allows customers to lease space on existing towers alongside current tenants, install additional equipment on a tower, and request for ancillary services; build-to-suit sites; in-building solutions and … Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$8.24
Market Cap$2.77B
Float105.9M
Shares Outstanding336.7M
P/E (Forward)9.31
P/E (TTM)4.50
Price/Sales (TTM)1.73
vs. Analyst Target+9.2% to analyst PT
Profit Margin11.61%
Operating Margin (TTM)29.23%
Revenue (TTM)$1.61B
Earnings Growth (YoY)144.80%
Dividend RateNone
Analyst Target Price$9.00 (7 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $1.40B -$322M $565M $468M
2021 $1.58B -$25.8M $672M $591M
2022 $1.96B -$459M $804M $253M
2023 $2.13B -$1.98B $1.04B -$998M
2024 $1.71B -$1.63B $821M -$795M
2025 $1.58B $144M $864M $648M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Mar 2025 $440M $33.1M
Jun 2025 $433M $35.4M
Sep 2025 $455M $151M
Dec 2025 $254M -$75.9M

Ownership & Float

Insider Ownership38.1%
Institutional Ownership51.0%
Short Float0.6%
% of All Funds Holding1.42%
Number of Funds Holding110

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$8.23Near-term / short-term trend
Weekly40-Week SMA$7.50Medium-term trend
Weekly80-Week SMA$6.01Cyclical trend (business cycle)
Weekly200-Week SMA$5.78Secular trend (multi-year)
Monthly10-Month SMA$7.62Near-term monthly trend
Monthly20-Month SMA$6.00Medium-term monthly trend
Monthly40-Month SMA$5.73Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$5.70 support 1.46x 9 months ago
$5.00 support 2.70x 11 months ago
$3.70 support 1.80x 13 months ago
$3.00 support 1.05x 15 months ago
$2.80 support 1.59x 20 months ago

Historical Earnings Reactions (18 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.21% 0.07% 50.00% 7.47% -9.87%
1 Day -0.26% -1.58% 50.00% 20.28% -14.03%
1 Week 2.67% 0.66% 55.56% 39.04% -16.14%
2 Weeks 7.51% 1.78% 55.56% 52.99% -18.37%
1 Month 1.75% 1.41% 55.56% 35.92% -38.21%

Next earnings: May 19, 2026 (2 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

Insufficient historical data for monthly seasonality analysis (requires 7+ years of data).

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.03% 46.7% 214
Tuesday 0.32% 46.8% 237
Wednesday 0.06% 48.5% 235
Thursday -0.23% 46.1% 228
Friday -0.16% 44.4% 232

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 51.0%

Insider Transactions — Smart Summary

Total insider ownership: 38.1%

Founder-led management: Mohamad Darwish (Executive Vice President and CEO of IHS Nigeria), William S. Saad (Executive Vice President and Chief Operating Officer)

12-Month Insider Activity Summary

Total Filings6
Net Value-$2.8M
Net Shares Change326,365
% of Float0.3%
C-Suite Filings6
Clusters Detected2

Key Insiders

NameTitleNet ValueFilingsActivity
Darwish Sam Chairman and CEO -$1.7M 2 N/A
Howden Stephen J EVP, Chief Financial Officer -$729,648.734 2 N/A
Darwish Mohamad EVP, IHS Nigeria CEO -$362,571.967 2 N/A

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2026-03-20 – 2026-03-20 3 3 -$1.2M 3 C-suite
2026-04-08 – 2026-04-08 3 3 -$1.7M 3 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-04-08 Howden Stephen J EVP, Chief Financial Officer -$405,856.285 Transaction at $8.25, now -0.1%
2026-03-20 Howden Stephen J EVP, Chief Financial Officer -$323,792.449 Transaction at $8.17, now +0.8%
2026-04-08 Darwish Mohamad EVP, IHS Nigeria CEO -$230,450.119 Transaction at $8.24, now +0.0%
2026-04-08 Darwish Sam Chairman and CEO -$1.0M Transaction at $8.24, now +0.0%
2026-03-20 Darwish Sam Chairman and CEO -$709,914.664 Transaction at $8.18, now +0.7%
2026-03-20 Darwish Mohamad EVP, IHS Nigeria CEO -$132,121.848 Transaction at $8.18, now +0.7%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for IHS Holding Ltd (IHS) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for IHS on Trend Edge →