High Tide Inc. (NASDAQ:HITI)’s traded shares stood at 0.51 million during the latest session, with the company’s beta value hitting 0.86. At the last check today, the stock’s price was $2.11, to imply an increase of 2.43% or $0.05 in intraday trading. The HITI share’s 52-week high remains $2.30, putting it -9.0% down since that peak but still an impressive 45.97% since price per share fell to its 52-week low of $1.14. The company has a valuation of $158.88M, with an average of 0.55 million shares in intraday trading volume over the past 10 days and average of 319.26K shares over the past 3 months.
High Tide Inc. (NASDAQ:HITI) trade information
After registering a 2.43% upside in the latest session, High Tide Inc. (HITI) has traded red over the past five days. The stock hit a weekly high of 2.27, jumping 2.43% in its intraday price action. The 5-day price performance for the stock is 18.54%, and 21.26% over 30 days. With these gigs, the year-to-date price performance is 29.45%. Short interest in High Tide Inc. (NASDAQ:HITI) saw shorts transact 3.3 million shares and set a 12.33 days time to cover.
High Tide Inc. (HITI) estimates and forecasts
Looking at statistics comparing High Tide Inc. share performance against respective industry, we note that the company has outperformed competitors. High Tide Inc. (HITI) shares are 13.44% up over the last 6 months, with its year-to-date growth rate higher than industry average at 100.00% against 17.20%. The rating firms project that company’s revenue will grow 7.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is $93.95 million. Meanwhile, for the quarter ending Jul 2024, a total of 3 analyst(s) estimate revenue growth to $97.55 million.
HITI Dividends
High Tide Inc. has its next earnings report out between June 12 and June 17. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. High Tide Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
High Tide Inc. (NASDAQ:HITI)’s Major holders
High Tide Inc. insiders hold 9.29% of total outstanding shares, with institutional holders owning 10.95% of the shares at 12.07% float percentage. In total, 10.95% institutions holds shares in the company, led by AdvisorShares Investments, LLC. As of Dec 30, 2023, the company held over 1.54 million shares (or 1.95% of shares), all amounting to roughly $3.24 million.
The next major institution holding the largest number of shares is Hillsdale Investment Management Inc. with 0.7 million shares, or about 0.89% of shares outstanding. As of the market price on Dec 30, 2023, these shares were worth $1.49 million.
We also have ETF Managers Tr-EFTMG Alternative Harvest ETF and AdvisorShares Trust-AdvisorShares Pure Cannabis ETF as the top two Mutual Funds with the largest holdings of the High Tide Inc. (HITI) shares. Going by data provided on Dec 30, 2023, ETF Managers Tr-EFTMG Alternative Harvest ETF holds roughly 1.84 million shares. This is just over 2.32% of the total shares, with a market valuation of $3.87 million. Data from the same date shows that the other fund manager holds a little less at 1.74 million, or 2.20% of the shares, all valued at about 3.67 million.
