During the last session, High Tide Inc (NASDAQ:HITI)’s traded shares were 0.52 million, with the beta value of the company hitting 0.76. At the end of the trading day, the stock’s price was $2.86, reflecting an intraday gain of 1.42% or $0.04. The 52-week high for the HITI share is $3.12, that puts it down -9.09 from that peak though still a striking 60.14% gain since the share price plummeted to a 52-week low of $1.14. The company’s market capitalization is $319.91M, and the average intraday trading volume over the past 10 days was 0.95 million shares, and the average trade volume was 575.75K shares over the past three months.
High Tide Inc (NASDAQ:HITI) trade information
High Tide Inc (HITI) registered a 1.42% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.42% in intraday trading to $2.86, hitting a weekly high. The stock’s 5-day price performance is -5.30%, and it has moved by 30.00% in 30 days. Based on these gigs, the overall price performance for the year is 91.95%. The short interest in High Tide Inc (NASDAQ:HITI) is 3.95 million shares and it means that shorts have 6.92 day(s) to cover.
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The consensus price target of analysts on Wall Street is $2.7, which implies a decrease of -5.93% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.7 and $2.7 respectively. As a result, HITI is trading at a premium of 5.59% off the target high and 5.59% off the low.
High Tide Inc (HITI) estimates and forecasts
Statistics show that High Tide Inc has outperformed its competitors in share price, compared to the industry in which it operates. High Tide Inc (HITI) shares have gone up 31.19% during the last six months, with a year-to-date growth rate more than the industry average at 88.89% against 11.40. In the rating firms’ projections, revenue will increase 5.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 97.09M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 100.06M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 92.09M and 93.69M respectively. In this case, analysts expect current quarter sales to grow by 5.40% and then jump by 6.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -7.01%.
HITI Dividends
High Tide Inc is due to release its next quarterly earnings on 2025-Jan-27. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
High Tide Inc (NASDAQ:HITI)’s Major holders
High Tide Inc insiders own 8.99% of total outstanding shares while institutional holders control 10.40%, with the float percentage being 11.43%. ADVISORSHARES INVESTMENTS LLC is the largest shareholder of the company, while 43.0 institutions own stock in it. As of 2024-06-30, the company held over 1.83 million shares (or 2.3157% of all shares), a total value of $3.93 million in shares.
The next largest institutional holding, with 0.29 million shares, is of RENAISSANCE TECHNOLOGIES LLC’s that is approximately 0.3635% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.63 million.
