High Tide Inc. (NASDAQ:HITI)’s traded shares stood at 1.04 million during the last session, with the company’s beta value hitting 0.80. At the close of trading, the stock’s price was $3.02, to imply an increase of 2.37% or $0.07 in intraday trading. The HITI share’s 52-week high remains $3.12, putting it -3.31% down since that peak but still an impressive 62.25% since price per share fell to its 52-week low of $1.14. The company has a valuation of $243.65M, with an average of 0.89 million shares in intraday trading volume over the past 10 days and average of 544.40K shares over the past 3 months.
High Tide Inc. (NASDAQ:HITI) trade information
After registering a 2.37% upside in the last session, High Tide Inc. (HITI) has traded red over the past five days. The 5-day price performance for the stock is 11.44%, and 54.87% over 30 days. With these gigs, the year-to-date price performance is 85.28%. Short interest in High Tide Inc. (NASDAQ:HITI) saw shorts transact 3.95 million shares and set a 10.46 days time to cover.
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The extremes give us $2.7 and $2.7 for target low and target high price respectively. As such, HITI has been trading 10.6% off suggested target high and 10.6% from its likely low.
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 48.77% up over the last 6 months, with its year-to-date growth rate higher than industry average at 88.89% against 11.50%. The rating firms project that company’s revenue will grow 6.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 97.66M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 100.65M.Earnings reports from the last fiscal year show that sales brought in 92.09M and 93.69M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 6.00% before jumping 7.40% in the following quarter.
HITI Dividends
High Tide Inc. has its next earnings report out on 2025-Jan-27. 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. (NASDAQ:HITI)’s Major holders
High Tide Inc. insiders hold 9.01% of total outstanding shares, with institutional holders owning 10.40% of the shares at 11.43% float percentage. In total, 10.40% institutions holds shares in the company, led by ADVISORSHARES INVESTMENTS LLC. As of 2024-06-30, the company held over 1.83 million shares (or 2.3157% of shares), all amounting to roughly $3.93 million.
The next major institution holding the largest number of shares is RENAISSANCE TECHNOLOGIES LLC with 0.29 million shares, or about 0.3635% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.63 million.
