For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, High Tide Inc (NASDAQ: HITI) closed at $3.59 up 0.56% from its previous closing price of $3.57. In other words, the price has increased by $0.56 from its previous closing price. On the day, 0.52 million shares were traded. HITI stock price reached its highest trading level at $3.61 during the session, while it also had its lowest trading level at $3.51.
Ratios:
For a deeper understanding of High Tide Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.35. For the most recent quarter (mrq), Quick Ratio is recorded 1.29 and its Current Ratio is at 1.85. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.43.
On September 13, 2021, ROTH Capital started tracking the stock assigning a Buy rating and target price of $12.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HITI now has a Market Capitalization of 312729216 and an Enterprise Value of 331326240. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.77 while its Price-to-Book (P/B) ratio in mrq is 2.87. Its current Enterprise Value per Revenue stands at 0.583 whereas that against EBITDA is 22.628.
Stock Price History:
The Beta on a monthly basis for HITI is 0.51, which has changed by 0.59555554 over the last 52 weeks, in comparison to a change of 0.1719923 over the same period for the S&P500. Over the past 52 weeks, HITI has reached a high of $4.06, while it has fallen to a 52-week low of $1.64. The 50-Day Moving Average of the stock is 14.48%, while the 200-Day Moving Average is calculated to be 36.17%.
Shares Statistics:
For the past three months, HITI has traded an average of 810.72K shares per day and 696250 over the past ten days. A total of 81.63M shares are outstanding, with a floating share count of 56.83M. Insiders hold about 34.76% of the company’s shares, while institutions hold 6.71% stake in the company. Shares short for HITI as of 1757894400 were 4074781 with a Short Ratio of 5.03, compared to 1755216000 on 3637104.
Earnings Estimates
Investors are keenly observing as 5.0 analysts analyze and rate. The current performance of High Tide Inc (HITI) in the stock market.The consensus estimate for the next quarter is $0.01, with high estimates of $0.01 and low estimates of $0.01.
Analysts are recommending an EPS of between -$0.03 and -$0.03 for the fiscal current year, implying an average EPS of -$0.03. EPS for the following year is $0.05, with 1.0 analysts recommending between $0.05 and $0.05.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $158.91M this quarter.It ranges from a high estimate of $159.97M to a low estimate of $158.3M. As of. The current estimate, High Tide Inc’s year-ago sales were $138.29MFor the next quarter, 5 analysts are estimating revenue of $178.63M. There is a high estimate of $183.3M for the next quarter, whereas the lowest estimate is $170.6M.
A total of 6 analysts have provided revenue estimates for HITI’s current fiscal year. The highest revenue estimate was $589.93M, while the lowest revenue estimate was $588.3M, resulting in an average revenue estimate of $588.97M. In the same quarter a year ago, actual revenue was $522.31MBased on 7 analysts’ estimates, the company’s revenue will be $758.82M in the next fiscal year. The high estimate is $827.17M and the low estimate is $698.4M.
