In last trading session, High Tide Inc (NASDAQ:HITI) saw 0.67 million shares changing hands with its beta currently measuring 0.76. Company’s recent per share price level of $2.75 trading at $0.03 or 1.10% at ring of the bell on the day assigns it a market valuation of $306.69M. That closing price of HITI’s stock is at a discount of -13.45% from its 52-week high price of $3.12 and is indicating a premium of 58.55% from its 52-week low price of $1.14. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.85 million shares which gives us an average trading volume of 612.67K if we extend that period to 3-months.
For High Tide Inc (HITI), analysts’ consensus is at an average recommendation of Sell Splitting up the data highlights that, out of 1 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.02 in the current quarter.
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High Tide Inc (NASDAQ:HITI) trade information
Upright in the green during last session for gaining 1.10%, in the last five days HITI remained trading in the red while hitting it’s week-highest on Monday, 11/04/24 when the stock touched $2.75 price level, adding 8.64% to its value on the day. High Tide Inc’s shares saw a change of 68.71% in year-to-date performance and have moved -3.85% in past 5-day. High Tide Inc (NASDAQ:HITI) showed a performance of 25.00% in past 30-days. Number of shares sold short was 3.95 million shares which calculate 6.92 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2.7 to the stock, which implies a fall of -1.85% to its current value. Analysts have been projecting 2.7 as a low price target for the stock while placing it at a high target of 2.7. It follows that stock’s current price would jump 1.82% in reaching the projected high whereas dropping to the targeted low would mean a gain of 1.82% for stock’s current value.
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 21.15% of value to its shares in past 6 months, showing an annual growth rate of 88.89% while that of industry is 11.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 5.40% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 97M for the same. And 2 analysts are in estimates of company making revenue of 99.97M in the next quarter. Company posted 92.09M and 93.69M of sales in current and next quarters respectively a year earlier.
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.
High Tide Inc (NASDAQ:HITI)’s Major holders
Insiders are in possession of 8.99% of company’s total shares while institution are holding 10.39 percent of that, with stock having share float percentage of 11.42%. Investors also watch the number of corporate investors in a company very closely, which is 10.39% institutions for High Tide Inc that are currently holding shares of the company. ADVISORSHARES INVESTMENTS LLC is the top institutional holder at HITI for having 1.83 million shares of worth $3.93 million. And as of 2024-06-30, it was holding 2.3157 of the company’s outstanding shares.
The second largest institutional holder is RENAISSANCE TECHNOLOGIES LLC, which was holding about 0.29 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.3635 of outstanding shares, having a total worth of $0.63 million.
