High Tide Inc (NASDAQ: HITI) is -27.83% 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 $2.21 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $2.23, the stock is 11.56% and -3.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing 0.90% at the moment leaves the stock -8.87% off its SMA200. HITI registered -0.45% loss for a year compared to 6-month loss of -2.62%. The firm has a 50-day simple moving average (SMA 50) of $2.3016 and a 200-day simple moving average (SMA200) of $2.44705.
The stock witnessed a 7.73% gain in the last 1 month and extending the period to 3 months gives it a -28.53%, and is 16.15% 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 6.20% over the week and 6.27% over the month.
High Tide Inc (HITI) has around 1750 employees, a market worth around $180.50M and $389.25M in sales. Profit margin for the company is -1.26%. Distance from 52-week low is 42.49% and -38.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.80%).
with sales reaching $138.5M over the same period., but quarterly earnings will post 11.55% year-over-year. Quarterly sales are estimated to grow 11.46% in year-over-year returns.
48.0 institutions hold shares in High Tide Inc (HITI), with institutional investors hold 10.99% of the company’s shares. The shares outstanding are 80.91M, and float is at 69.30M with Short Float at 5.77%. Institutions hold 9.44% 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 2.2749 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 0.3571 of the shares outstanding. The other top investors are BAADER BANK AKTIENGESELLSCHAFT which holds 0.25 million shares representing 0.3131 and valued at over $0.55 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 0.248 of the shares totaling 0.2 million with a market value of $0.44 million.
