High Tide Inc [NASDAQ: HITI] surged by $0.08 during the normal trading session on while it closed the day at $2.31.
High Tide Inc stock has also gained 17.26% of its value over the past 7 days. However, HITI stock has declined by -24.51% in the 3 months of the year. Over the past six months meanwhile, it has lost -1.70% and lost -25.24% year-on date.
The market cap for HITI stock reached $186.97 million, with 80.91 million shares outstanding and 69.30 million shares in the current float. Compared to the average trading volume of 664.58K shares, HITI reached a trading volume of 455384 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about High Tide Inc [HITI]:
Cantor Fitzgerald have made an estimate for High Tide Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 23, 2021. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on September 13, 2021, representing the official price target for High Tide Inc stock.
The Average True Range (ATR) for High Tide Inc is set at 0.14, with the Price to Sales ratio for HITI stock in the period of the last 12 months amounting to 0.48. The Price to Book ratio for the last quarter was 1.90, with the Price to Cash per share for the same quarter was set at 0.29. Price to Free Cash Flow for HITI in the course of the last twelve months was 13.07 with Quick ratio for the last quarter at 0.95.
HITI stock trade performance evaluation
High Tide Inc [HITI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.26. With this latest performance, HITI shares gained by 7.44% in over the last four-week period, additionally sinking by -1.70% over the last 6 months – not to mention a rise of 3.59% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HITI stock in for the last two-week period is set at 60.43, with the RSI for the last a single of trading hit 70.86, and the three-weeks RSI is set at 54.15 for High Tide Inc [HITI]. The present Moving Average for the last 50 days of trading for this stock 2.29, while it was recorded at 2.16 for the last single week of trading, and 2.45 for the last 200 days.
High Tide Inc [HITI]: An insightful look at the core fundamentals
High Tide Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.95 and a Current Ratio set at 1.61.
High Tide Inc [HITI]: Institutional Ownership
There are presently around $9.44%, or 10.99%% of HITI stock, in the hands of institutional investors. The top three institutional holders of HITI stocks are: ADVISORSHARES INVESTMENTS LLC with ownership of 1.83 million shares, which is approximately 2.2749%. RENAISSANCE TECHNOLOGIES LLC, holding 0.29 million shares of the stock with an approximate value of $$0.63 million in HITI stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $$0.55 million in HITI stock with ownership which is approximately 0.3131%.
