Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, High Tide Inc (NASDAQ: HITI) closed at $3.73 down -3.62% from its previous closing price of $3.87. In other words, the price has decreased by -$3.62 from its previous closing price. On the day, 0.75 million shares were traded. HITI stock price reached its highest trading level at $3.905 during the session, while it also had its lowest trading level at $3.7015.
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 7.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.17. 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 339865120 and an Enterprise Value of 343521792. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.80 while its Price-to-Book (P/B) ratio in mrq is 2.98. Its current Enterprise Value per Revenue stands at 0.605 whereas that against EBITDA is 23.461.
Stock Price History:
The Beta on a monthly basis for HITI is 0.53, which has changed by 0.8465346 over the last 52 weeks, in comparison to a change of 0.15101504 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 25.74%, while the 200-Day Moving Average is calculated to be 42.12%.
Shares Statistics:
For the past three months, HITI has traded an average of 759.22K shares per day and 1727090 over the past ten days. A total of 81.63M shares are outstanding, with a floating share count of 74.37M. Insiders hold about 14.63% of the company’s shares, while institutions hold 6.75% stake in the company. Shares short for HITI as of 1756425600 were 3998065 with a Short Ratio of 5.27, compared to 1753920000 on 3642890.
Earnings Estimates
The stock of High Tide Inc (HITI) is currently in the spotlight, with 5.0 analysts actively rating and assessing its market standing.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 $588.98M. In the same quarter a year ago, actual revenue was $522.31MBased on 7 analysts’ estimates, the company’s revenue will be $758.81M in the next fiscal year. The high estimate is $827.17M and the low estimate is $698.4M.
