High Tide Inc (NASDAQ:HITI) has a beta value of 0.77 and has seen 0.55 million shares traded in the recent trading session. The company, currently valued at $233.90M, closed the recent trade at $2.90 per share which meant it lost -$0.01 on the day or -0.37% during that session. The HITI stock price is -7.59% off its 52-week high price of $3.12 and 53.1% above the 52-week low of $1.36. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.76 million shares traded. The 3-month trading volume is 694.14K shares.
High Tide Inc (NASDAQ:HITI) trade information
Sporting -0.37% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the HITI stock price touched $2.90 or saw a rise of 3.97%. Year-to-date, High Tide Inc shares have moved 77.86%, while the 5-day performance has seen it change 8.58%. Over the past 30 days, the shares of High Tide Inc (NASDAQ:HITI) have changed -2.39%. Short interest in the company has seen 4.24 million shares shorted with days to cover at 5.6.
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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 -7.41% 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 6.9% off the targeted high while a plunge would see the stock lose 6.9% 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 21.81% 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 6.49%.
4 analysts offering their estimates for the company have set an average revenue estimate of 135.32M for the current quarter. 3 have an estimated revenue figure of 140.53M for the next ending quarter. Year-ago sales stood 127.11M and 128.07M respectively for this quarter and the next, and analysts expect sales will grow by 6.47% for the current quarter and 6.49% 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 in December 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 8.80% of the company shares, while shares held by institutions stand at 10.17% with a share float percentage of 11.16%. Investors are also buoyed by the number of investors in a company, with High Tide Inc having a total of 45.0 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.
Also the top two Mutual Funds that are holding company’s shares are Amplify ETF Tr-Amplify Alternative Harvest ETF and AdvisorShares Trust-AdvisorShares Pure Cannabis ETF. As of Jun 30, 2024, the former fund manager holds about 2.13% shares in the company for having 1.71 shares of worth $4.92 million while later fund manager owns 1.49 shares of worth $4.27 million as of Sep 30, 2024, which makes it owner of about 1.85% of company’s outstanding stock.
