High Tide Inc. (NASDAQ:HITI) At $1.74: What To Do?

In last trading session, High Tide Inc. (NASDAQ:HITI) saw 0.47 million shares changing hands with its beta currently measuring 0.85. Company’s recent per share price level of $1.74 trading at $0.04 or 2.35% at ring of the bell on the day assigns it a market valuation of $131.02M. That closing price of HITI’s stock is at a discount of -32.18% from its 52-week high price of $2.30 and is indicating a premium of 40.8% 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 0.35 million shares which gives us an average trading volume of 253.15K if we extend that period to 3-months.

High Tide Inc. (NASDAQ:HITI) trade information

Upright in the green during last session for gaining 2.35%, in the last five days HITI remained trading in the red while hitting it’s week-highest on Wednesday, 02/07/24 when the stock touched $1.74 price level, adding 8.42% to its value on the day. High Tide Inc.’s shares saw a change of 6.75% in year-to-date performance and have moved -2.79% in past 5-day. High Tide Inc. (NASDAQ:HITI) showed a performance of 1.16% in past 30-days. Number of shares sold short was 2.93 million shares which calculate 13.38 days to cover the short interests.

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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 added 41.46% of value to its shares in past 6 months, showing an annual growth rate of 33.33% while that of industry is 17.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 10.20% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $94.76 million for the same. And 3 analysts are in estimates of company making revenue of $97.26 million in the next quarter that will end on Apr 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -7.01% during past 5 years.

HITI Dividends

High Tide Inc. is more likely to be releasing its next quarterly report between March 15 and March 19 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.

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