High Tide Inc (NASDAQ:HITI) has a beta value of 0.78 and has seen 1.09 million shares traded in the recent trading session. The company, currently valued at $311.84M, closed the recent trade at $2.80 per share which meant it lost -$0.17 on the day or -5.72% during that session. The HITI stock price is -11.43% off its 52-week high price of $3.12 and 59.29% above the 52-week low of $1.14. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.69 million shares traded. The 3-month trading volume is 573.69K shares.
High Tide Inc (NASDAQ:HITI) trade information
Sporting -5.72% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the HITI stock price touched $2.80 or saw a rise of 6.98%. Year-to-date, High Tide Inc shares have moved 71.78%, while the 5-day performance has seen it change -2.44%. Over the past 30 days, the shares of High Tide Inc (NASDAQ:HITI) have changed 24.44%. Short interest in the company has seen 3.95 million shares shorted with days to cover at 6.92.
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Wall Street analysts have a consensus price target for the stock at $2.7, which means that the shares’ value could drop -3.7% from the levels at last check today.. The projected low price target is $2.7 while the price target rests at a high of $2.7. In that case, then, we find that the latest price level in today’s session is 3.57% off the targeted high while a plunge would see the stock lose 3.57% from the levels at last check today..
High Tide Inc (HITI) estimates and forecasts
Figures show that High Tide Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 16.67% over the past 6 months, with this year growth rate of 88.89%, compared to 11.60% for the industry. Revenue growth from the last financial year stood is estimated to be 5.70%.
2 analysts offering their estimates for the company have set an average revenue estimate of 97.32M for the current quarter. 2 have an estimated revenue figure of 100.31M for the next ending quarter. Year-ago sales stood 92.09M and 93.69M respectively for this quarter and the next, and analysts expect sales will grow by 5.70% for the current quarter and 5.70% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -7.01% over the past 5 years.
HITI Dividends
High Tide Inc is expected to release its next earnings report on 2025-Jan-27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
High Tide Inc (NASDAQ:HITI)’s Major holders
Insiders own 8.99% of the company shares, while shares held by institutions stand at 10.39% with a share float percentage of 11.42%. Investors are also buoyed by the number of investors in a company, with High Tide Inc having a total of 43.0 institutions that hold shares in the company. The top two institutional holders are ADVISORSHARES INVESTMENTS LLC with over 1.83 million shares worth more than $3.93 million. As of 2024-06-30, ADVISORSHARES INVESTMENTS LLC held 2.3157% of shares outstanding.
The other major institutional holder is RENAISSANCE TECHNOLOGIES LLC, with the holding of over 0.29 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.63 million and represent 0.3635% of shares outstanding.
