During the last session, High Tide Inc (NASDAQ:HITI)’s traded shares were 0.5 million, with the beta value of the company hitting 0.83. At the end of the trading day, the stock’s price was $3.19, reflecting an intraday gain of 1.59% or $0.05. The 52-week high for the HITI share is $3.62, that puts it down -13.48 from that peak though still a striking 53.61% gain since the share price plummeted to a 52-week low of $1.48. The company’s market capitalization is $257.37M, and the average intraday trading volume over the past 10 days was 0.99 million shares, and the average trade volume was 806.53K shares over the past three months.
High Tide Inc (NASDAQ:HITI) trade information
High Tide Inc (HITI) registered a 1.59% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.59% in intraday trading to $3.19, hitting a weekly high. The stock’s 5-day price performance is -7.54%, and it has moved by 16.85% in 30 days. Based on these gigs, the overall price performance for the year is 101.90%. The short interest in High Tide Inc (NASDAQ:HITI) is 3.78 million shares and it means that shorts have 4.37 day(s) to cover.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The consensus price target of analysts on Wall Street is $2.7, which implies a decrease of -18.15% 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 15.36% off the target high and 15.36% 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 29.67% during the last six months, with a year-to-date growth rate more than the industry average at 88.89% against 11.20. In the rating firms’ projections, revenue will increase 6.49% 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 135.32M as predicted by 4 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 140.53M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 127.11M and 128.07M respectively. In this case, analysts expect current quarter sales to grow by 6.47% and then jump by 9.73% 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 in January. 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 8.80% of total outstanding shares while institutional holders control 10.10%, with the float percentage being 11.08%. ADVISORSHARES INVESTMENTS LLC is the largest shareholder of the company, while 44.0 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.
