After finishing at $1.96 in the prior trading day, High Tide Inc. (NASDAQ: HITI) closed at $2.22, up 13.27%. In other words, the price has increased by $+0.2600 from its previous closing price. On the day, 1753269 shares were traded. HITI stock price reached its highest trading level at $2.2600 during the session, while it also had its lowest trading level at $1.9600.
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 7.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.42. For the most recent quarter (mrq), Quick Ratio is recorded 0.69 and its Current Ratio is at 1.13. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.21.
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 176.28M and an Enterprise Value of 207.54M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45 while its Price-to-Book (P/B) ratio in mrq is 1.69. Its current Enterprise Value per Revenue stands at 0.43 whereas that against EBITDA is -49.41.
Stock Price History:
Over the past 52 weeks, HITI has reached a high of $2.30, while it has fallen to a 52-week low of $1.14. The 50-Day Moving Average of the stock is 1.8055, while the 200-Day Moving Average is calculated to be 1.5606.
Shares Statistics:
The stock has traded on average 339.09K shares per day over the past 3-months and 692.54k shares per day over the last 10 days, according to various share statistics. A total of 75.30M shares are outstanding, with a floating share count of 67.97M. Insiders hold about 9.73% of the company’s shares, while institutions hold 8.28% stake in the company. Shares short for HITI as of Mar 15, 2024 were 3.3M with a Short Ratio of 9.73, compared to 3M on Feb 15, 2024.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of $0.01 and a low estimate of -$0.04, while EPS last year was -$0.01. The consensus estimate for the next quarter is -$0.01, with high estimates of $0.01 and low estimates of -$0.02.
Analysts are recommending an EPS of between $0.02 and -$0.07 for the fiscal current year, implying an average EPS of -$0.02. EPS for the following year is $0.13, with 3 analysts recommending between $0.15 and $0.12.
Revenue Estimates
A total of 3 analysts have provided revenue estimates for HITI’s current fiscal year. The highest revenue estimate was $389.4M, while the lowest revenue estimate was $387.48M, resulting in an average revenue estimate of $388.3M. In the same quarter a year ago, actual revenue was $360.62M, up 7.70% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $452.8M in the next fiscal year. The high estimate is $464.39M and the low estimate is $442.5M. The average revenue growth estimate for next year is up 16.60% from the average revenue estimate for this year.
