In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, High Tide Inc (NASDAQ: HITI) closed at $3.06 up 2.68% from its previous closing price of $2.98. In other words, the price has increased by $2.68 from its previous closing price. On the day, 0.84 million shares were traded. HITI stock price reached its highest trading level at $3.11 during the session, while it also had its lowest trading level at $2.91.
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 9.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.55. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.30.
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 248481168 and an Enterprise Value of 278250176. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.63 while its Price-to-Book (P/B) ratio in mrq is 2.45. Its current Enterprise Value per Revenue stands at 0.506 whereas that against EBITDA is 18.349.
Stock Price History:
The Beta on a monthly basis for HITI is 0.52, which has changed by 0.5376885 over the last 52 weeks, in comparison to a change of 0.14064062 over the same period for the S&P500. Over the past 52 weeks, HITI has reached a high of $3.62, while it has fallen to a 52-week low of $1.64. The 50-Day Moving Average of the stock is 30.89%, while the 200-Day Moving Average is calculated to be 20.38%.
Shares Statistics:
For the past three months, HITI has traded an average of 352.13K shares per day and 767330 over the past ten days. A total of 81.04M shares are outstanding, with a floating share count of 69.18M. Insiders hold about 14.63% of the company’s shares, while institutions hold 7.51% stake in the company. Shares short for HITI as of 1753920000 were 3642890 with a Short Ratio of 10.35, compared to 1751241600 on 3675321.
