The closing price of High Tide Inc. (NASDAQ: HITI) was $2.39 for the day, down -1.24% from the previous closing price of $2.42. In other words, the price has decreased by -$0.0300 from its previous closing price. On the day, 1005045 shares were traded.
Ratios:
Our analysis of HITI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.29. 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 187.40M and an Enterprise Value of 218.46M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 1.82. Its current Enterprise Value per Revenue stands at 0.45 whereas that against EBITDA is -52.02.
Stock Price History:
Over the past 52 weeks, HITI has reached a high of $2.85, while it has fallen to a 52-week low of $1.14. The 50-Day Moving Average of the stock is 1.8695, while the 200-Day Moving Average is calculated to be 1.5917.
Shares Statistics:
HITI traded an average of 481.14K shares per day over the past three months and 1.48M shares per day over the past ten days. 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 6.85, compared to 3M on Feb 15, 2024.
Earnings Estimates
The firm’s stock currently is rated by 3 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 $387.05M, while the lowest revenue estimate was $385.14M, resulting in an average revenue estimate of $385.95M. In the same quarter a year ago, actual revenue was $358.44M, up 7.70% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $450.06M in the next fiscal year. The high estimate is $461.58M and the low estimate is $439.82M. The average revenue growth estimate for next year is up 16.60% from the average revenue estimate for this year.
