The stock of High Tide Inc. (NASDAQ: HITI) has increased by 3.99 when compared to last closing price of 2.03. Despite this, the company has experienced a -6.59% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-25 that High Tide Inc. (HITI) closed at $2.03 in the latest trading session, marking a +0.5% move from the prior day.
Is It Worth Investing in High Tide Inc. (NASDAQ: HITI) Right Now?
Company’s 36-month beta value is 0.88.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for HITI is 68.00M, and currently, short sellers hold a 4.59% ratio of that floaft. The average trading volume of HITI on April 26, 2024 was 595.05K shares.
HITI’s Market Performance
The stock of High Tide Inc. (HITI) has seen a -6.59% decrease in the past week, with a 2.48% rise in the past month, and a 9.95% gain in the past quarter. The volatility ratio for the week is 7.36%, and the volatility levels for the past 30 days are at 10.41% for HITI. The simple moving average for the last 20 days is -7.27% for HITI stock, with a simple moving average of 27.79% for the last 200 days.
Analysts’ Opinion of HITI
ROTH Capital, on the other hand, stated in their research note that they expect to see HITI reach a price target of $12. The rating they have provided for HITI stocks is “Buy” according to the report published on September 13th, 2021.
HITI Trading at 7.09% from the 50-Day Moving Average
After a stumble in the market that brought HITI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.93% of loss for the given period.
Volatility was left at 10.41%, however, over the last 30 days, the volatility rate increased by 7.36%, as shares surge +3.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.18% upper at present.
During the last 5 trading sessions, HITI fell by -7.04%, which changed the moving average for the period of 200-days by +66.75% in comparison to the 20-day moving average, which settled at $2.28. In addition, High Tide Inc. saw 29.51% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HITI
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.13 for the gross margin
The net margin for High Tide Inc. stands at -0.07. The total capital return value is set at 0.03. Equity return is now at value -23.63, with -13.97 for asset returns.
Based on High Tide Inc. (HITI), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.73. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 0.36.
Currently, EBITDA for the company is 30.05 million with net debt to EBITDA at 1.02. When we switch over and look at the enterprise to sales, we see a ratio of 0.5. The receivables turnover for the company is 111.18for trailing twelve months and the total asset turnover is 2.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.
Conclusion
In a nutshell, High Tide Inc. (HITI) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
