In last trading session, High Tide Inc. (NASDAQ:HITI) saw 0.44 million shares changing hands with its beta currently measuring 0.79. Company’s recent per share price level of $2.18 trading at $0.02 or 0.93% at ring of the bell on the day assigns it a market valuation of $164.15M. That closing price of HITI’s stock is at a discount of -30.73% from its 52-week high price of $2.85 and is indicating a premium of 47.71% from its 52-week low price of $1.14. Taking a look at company’s average trading volume volume of 658.13K if we extend that period to 3-months.
High Tide Inc. (NASDAQ:HITI) trade information
Upright in the green during last session for gaining 0.93%, in the last five days HITI remained trading in the green while hitting it’s week-highest on Wednesday, 05/01/24 when the stock touched $2.18 price level, adding 9.92% to its value on the day. High Tide Inc.’s shares saw a change of 33.74% in year-to-date performance and have moved 7.39% in past 5-day. High Tide Inc. (NASDAQ:HITI) showed a performance of -15.18% in past 30-days.
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 46.31% of value to its shares in past 6 months, showing an annual growth rate of 100.00% while that of industry is 18.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 8.30% 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 92.97M for the same. And 3 analysts are in estimates of company making revenue of 96.54M in the next quarter.
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 in June 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.
