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High Tide Inc. (NASDAQ: HITI) closed the day trading at $2.92 up 0.69% from the previous closing price of $2.90. In other words, the price has increased by $0.69 from its previous closing price. On the day, 1.56 million shares were traded. HITI stock price reached its highest trading level at $3.12 during the session, while it also had its lowest trading level at $2.9013.
Ratios:
For a better understanding of HITI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.38. For the most recent quarter (mrq), Quick Ratio is recorded 0.78 and its Current Ratio is at 1.26. In the meantime, Its Debt-to-Equity ratio is 0.46 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 235575376 and an Enterprise Value of 268588288. 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 2.24. Its current Enterprise Value per Revenue stands at 0.525 whereas that against EBITDA is 9.445.
Stock Price History:
Over the past 52 weeks, HITI has reached a high of $2.90, while it has fallen to a 52-week low of $1.14. The 50-Day Moving Average of the stock is 35.46%, while the 200-Day Moving Average is calculated to be 40.98%.
Shares Statistics:
Over the past 3-months, HITI traded about 507.39K shares per day on average, while over the past 10 days, HITI traded about 669020 shares per day. A total of 75.30M shares are outstanding, with a floating share count of 73.25M. Insiders hold about 9.20% of the company’s shares, while institutions hold 7.10% stake in the company. Shares short for HITI as of 1727654400 were 3949304 with a Short Ratio of 7.78, compared to 1724976000 on 4746598.
