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After finishing at $2.61 in the prior trading day, High Tide Inc (NASDAQ: HITI) closed at $2.77, up 6.13%. In other words, the price has increased by $6.13 from its previous closing price. On the day, 0.86 million shares were traded. HITI stock price reached its highest trading level at $2.875 during the session, while it also had its lowest trading level at $2.65.
Ratios:
Our goal is to gain a better understanding of HITI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.55. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.27.
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 224089936 and an Enterprise Value of 271815328. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.58 while its Price-to-Book (P/B) ratio in mrq is 2.18. Its current Enterprise Value per Revenue stands at 0.532 whereas that against EBITDA is 9.559.
Stock Price History:
The Beta on a monthly basis for HITI is 0.73, which has changed by 0.4914286 over the last 52 weeks, in comparison to a change of 0.2000997 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 $1.57. The 50-Day Moving Average of the stock is -9.79%, while the 200-Day Moving Average is calculated to be 12.92%.
Shares Statistics:
The stock has traded on average 807.13K shares per day over the past 3-months and 862060 shares per day over the last 10 days, according to various share statistics. A total of 80.79M shares are outstanding, with a floating share count of 73.60M. Insiders hold about 9.03% of the company’s shares, while institutions hold 6.95% stake in the company. Shares short for HITI as of 1736899200 were 4290565 with a Short Ratio of 5.32, compared to 1734048000 on 4048124.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0.04 and $0.04 for the fiscal current year, implying an average EPS of $0.04. EPS for the following year is $0.08, with 1.0 analysts recommending between $0.08 and $0.08.
Revenue Estimates
3 analysts predict $138.83M in revenue for the current quarter. It ranges from a high estimate of $140.8M to a low estimate of $137.5M. As of the current estimate, High Tide Inc’s year-ago sales were $128.07MFor the next quarter, 3 analysts are estimating revenue of $145.9M. There is a high estimate of $150.4M for the next quarter, whereas the lowest estimate is $142.3M.
A total of 5 analysts have provided revenue estimates for HITI’s current fiscal year. The highest revenue estimate was $613.5M, while the lowest revenue estimate was $583M, resulting in an average revenue estimate of $594.2M. In the same quarter a year ago, actual revenue was $522.31MBased on 3 analysts’ estimates, the company’s revenue will be $689.67M in the next fiscal year. The high estimate is $729.1M and the low estimate is $646.1M.
