High Tide Inc (NASDAQ: HITI) is 67.48% higher on its value in year-to-date trading and has touched a low of $1.14 and a high of $3.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HITI stock was last observed hovering at around $2.69 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $2.73, the stock is -3.16% and 12.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing 1.49% at the moment leaves the stock 26.90% off its SMA200. HITI registered 113.28% gain for a year compared to 6-month loss of 14.23%. The firm has a 50-day simple moving average (SMA 50) of $2.4158 and a 200-day simple moving average (SMA200) of $2.147025.
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The stock witnessed a 16.17% gain in the last 1 month and extending the period to 3 months gives it a 40.00%, and is 2.63% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.25% over the week and 7.19% over the month.
High Tide Inc (HITI) has around 1550 employees, a market worth around $303.76M and $376.03M in sales. Profit margin for the company is -5.96%. Distance from 52-week low is 139.47% and -12.50% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.67%).
High Tide Inc quarterly earnings per share for the current quarter are estimated at -0.02 with sales reaching $97.27M over the same period., but quarterly earnings will post 5.70% year-over-year. Quarterly sales are estimated to grow 5.60% in year-over-year returns.
47.0 institutions hold shares in High Tide Inc (HITI), with institutional investors hold 11.41% of the company’s shares. The shares outstanding are 75.30M, and float is at 73.26M with Short Float at 5.39%. Institutions hold 10.40% of the Float.
The top institutional shareholder in the company is ADVISORSHARES INVESTMENTS LLC with over 1.83 million shares valued at $3.93 million. The investor’s holdings represent 2.3157 of the HITI Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 0.29 million shares valued at $0.63 million to account for 0.3635 of the shares outstanding. The other top investors are BAADER BANK AKTIENGESELLSCHAFT which holds 0.25 million shares representing 0.3187 and valued at over $0.55 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 0.2525 of the shares totaling 0.2 million with a market value of $0.44 million.
