The 36-month beta value for HITI is at 0.78. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for HITI is 73.26M, and currently, shorts hold a 5.39% of that float. The average trading volume for HITI on November 06, 2024 was 573.69K shares.
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HITI) stock’s latest price update
The stock of High Tide Inc (NASDAQ: HITI) has decreased by -6.74 when compared to last closing price of 2.97.Despite this, the company has seen a loss of -3.49% in its stock price over the last five trading days. zacks.com reported 2024-10-31 that Recently, Zacks.com users have been paying close attention to High Tide (HITI). This makes it worthwhile to examine what the stock has in store.
HITI’s Market Performance
HITI’s stock has fallen by -3.49% in the past week, with a monthly rise of 23.11% and a quarterly rise of 49.72%. The volatility ratio for the week is 5.21% while the volatility levels for the last 30 days are 6.35% for High Tide Inc The simple moving average for the last 20 days is 1.44% for HITI’s stock, with a simple moving average of 29.96% 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 17.39% 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 -11.22% of loss for the given period.
Volatility was left at 6.35%, however, over the last 30 days, the volatility rate increased by 5.21%, as shares surge +24.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.56% upper at present.
During the last 5 trading sessions, HITI fell by -3.48%, which changed the moving average for the period of 200-days by +50.54% in comparison to the 20-day moving average, which settled at $2.73. In addition, High Tide Inc saw 69.93% 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
- 0.14 for the gross margin
The net margin for High Tide Inc stands at -0.06. The total capital return value is set at 0.06. 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 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.53. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 0.98.
Currently, EBITDA for the company is 30.05 million with net debt to EBITDA at 0.75. When we switch over and look at the enterprise to sales, we see a ratio of 0.65. The receivables turnover for the company is 193.83for trailing twelve months and the total asset turnover is 2.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
In conclusion, High Tide Inc (HITI) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
