High Tide Inc (NASDAQ: HITI) is 18.32% higher 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 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 $2.34 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $2.39, the stock is 4.85% and 3.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing 2.14% at the moment leaves the stock -6.11% off its SMA200. HITI registered -22.65% loss for a year compared to 6-month loss of -28.01%. The firm has a 50-day simple moving average (SMA 50) of $2.3128 and a 200-day simple moving average (SMA200) of $2.54565.
The stock witnessed a 1.27% gain in the last 1 month and extending the period to 3 months gives it a 39.77%, and is 2.14% 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 3.67% over the week and 3.95% over the month.
High Tide Inc (HITI) has around 1750 employees, a market worth around $193.69M and $394.69M in sales. Profit margin for the company is -1.75%. Distance from 52-week low is 52.72% and -33.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.24%).
46.0 institutions hold shares in High Tide Inc (HITI), with institutional investors hold 9.27% of the company’s shares. The shares outstanding are 81.04M, and float is at 69.18M with Short Float at 5.41%. Institutions hold 7.97% 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.
