In last trading session, High Tide Inc. (NASDAQ:HITI) saw 0.61 million shares changing hands with its beta currently measuring 0.84. Company’s recent per share price level of $1.19 trading at -$0.06 or -4.80% at ring of the bell on the day assigns it a market valuation of $89.36M. That closing price of HITI’s stock is at a discount of -93.28% from its 52-week high price of $2.30 and is indicating a premium of 13.45% from its 52-week low price of $1.03. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.19 million shares which gives us an average trading volume of 330.84K if we extend that period to 3-months.
For High Tide Inc. (HITI), analysts’ consensus is at an average recommendation of a Buy. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $Huntington Ingalls Industries, in the current quarter.
High Tide Inc. (NASDAQ:HITI) trade information
Upright in the red during last session for losing -4.80%, in the last five days HITI remained trading in the red while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $1.19 price level, adding 13.77% to its value on the day. High Tide Inc.’s shares saw a change of -22.73% in year-to-date performance and have moved -7.03% in past 5-day. High Tide Inc. (NASDAQ:HITI) showed a performance of -24.68% in past 30-days. Number of shares sold short was 2.93 million shares which calculate 15.6 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $5.54 to the stock, which implies a rise of 78.52% to its current value. Analysts have been projecting $4.25 as a low price target for the stock while placing it at a high target of $9.00. It follows that stock’s current price would drop -656.3% in reaching the projected high whereas dropping to the targeted low would mean a loss of -257.14% for stock’s current value.
High Tide Inc. (HITI) estimates and forecasts
Statistics highlight that High Tide Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -13.77% of value to its shares in past 6 months, showing an annual growth rate of 55.17% while that of industry is 14.90. Apart from that, the company came raising its revenue forecast for fiscal year 2023.
High Tide Inc. is more likely to be releasing its next quarterly report between January 29 and February 02 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
High Tide Inc. (NASDAQ:HITI)’s Major holders
Insiders are in possession of 9.21% of company’s total shares while institution are holding 6.64 percent of that, with stock having share float percentage of 7.32%. Investors also watch the number of corporate investors in a company very closely, which is 6.64% institutions for High Tide Inc. that are currently holding shares of the company. ETF Managers Group, LLC is the top institutional holder at HITI for having 1.79 million shares of worth $2.44 million. And as of Mar 30, 2023, it was holding 2.38% of the company’s outstanding shares.
The second largest institutional holder is CVA Family Office, LLC, which was holding about 1.57 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 2.08% of outstanding shares, having a total worth of $2.9 million.
On the other hand, ETF Managers Tr-EFTMG Alternative Harvest ETF and AdvisorShares Trust-AdvisorShares Pure Cannabis ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 2.2 million shares of worth $2.73 million or 2.93% of the total outstanding shares. The later fund manager was in possession of 1.56 million shares on Sep 29, 2023, making its stake of worth around $2.88 million in the company or a holder of 2.07% of company’s stock.