High Tide Inc (NASDAQ: HITI) is -4.21% lower on its value in year-to-date trading and has touched a low of $1.57 and a high of $3.62 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HITI stock was last observed hovering at around $2.92 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $2.96, the stock is -3.94% and -3.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 1.37% at the moment leaves the stock 21.14% off its SMA200. HITI registered 54.17% gain for a year compared to 6-month gain of 59.14%. The firm has a 50-day simple moving average (SMA 50) of $3.0582 and a 200-day simple moving average (SMA200) of $2.44115.
The stock witnessed a -8.07% loss in the last 1 month and extending the period to 3 months gives it a -1.99%, and is -1.66% down 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 5.95% over the week and 5.19% over the month.
High Tide Inc (HITI) has around 1550 employees, a market worth around $238.81M and $376.03M in sales. Profit margin for the company is -5.96%. Distance from 52-week low is 89.14% and -18.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.67%).
with sales reaching $141M over the same period., but quarterly earnings will post 13.55% year-over-year. Quarterly sales are estimated to grow 10.10% in year-over-year returns.
43.0 institutions hold shares in High Tide Inc (HITI), with institutional investors hold 8.58% of the company’s shares. The shares outstanding are 80.45M, and float is at 73.39M with Short Float at 5.52%. Institutions hold 7.83% 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.
