In the past week, HITI stock has gone up by 4.16%, with a monthly gain of 12.36% and a quarterly plunge of -6.52%. The volatility ratio for the week is 4.97%, and the volatility levels for the last 30 days are 5.42% for High Tide Inc. The simple moving average for the past 20 days is 11.73% for HITI’s stock, with a 14.84% simple moving average for the past 200 days.
Is It Worth Investing in High Tide Inc. (NASDAQ: HITI) Right Now?
The 36-month beta value for HITI is also noteworthy at 0.80. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for HITI is 73.03M, and at present, short sellers hold a 6.50% of that float. The average trading volume of HITI on September 17, 2024 was 448.94K shares.
HITI) stock’s latest price update
High Tide Inc. (NASDAQ: HITI)’s stock price has gone rise by 4.16 in comparison to its previous close of 2.19, however, the company has experienced a 4.16% increase in its stock price over the last five trading days. zacks.com reported 2024-09-16 that High Tide Inc. (HITI) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.03 per share a year ago.
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 17.00% 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 -19.96% of loss for the given period.
Volatility was left at 5.42%, however, over the last 30 days, the volatility rate increased by 4.97%, as shares surge +9.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.35% upper at present.
During the last 5 trading sessions, HITI rose by +6.39%, which changed the moving average for the period of 200-days by +58.50% in comparison to the 20-day moving average, which settled at $2.05. In addition, High Tide Inc. saw 39.94% 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:
- 0.02 for the present operating margin
- 0.09 for the gross margin
The net margin for High Tide Inc. stands at -0.07. The total capital return value is set at 0.05. Equity return is now at value -19.85, with -11.99 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 1.01. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 0.76.
Currently, EBITDA for the company is 30.05 million with net debt to EBITDA at 0.82. When we switch over and look at the enterprise to sales, we see a ratio of 0.56. The receivables turnover for the company is 122.75for trailing twelve months and the total asset turnover is 2.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
In summary, High Tide Inc. (HITI) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
