Market Insights: High Tide Inc (HITI)’s Notable Drop of -3.41, Closing at 3.12

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As of close of business last night, High Tide Inc’s stock clocked out at $3.12, down -3.41% from its previous closing price of $3.23. In other words, the price has decreased by -$3.41 from its previous closing price. On the day, 0.68 million shares were traded. HITI stock price reached its highest trading level at $3.22 during the session, while it also had its lowest trading level at $3.08.

Ratios:

To gain a deeper understanding of HITI’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.23. 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 252152448 and an Enterprise Value of 284723584. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.67 while its Price-to-Book (P/B) ratio in mrq is 2.39. Its current Enterprise Value per Revenue stands at 0.557 whereas that against EBITDA is 10.013.

Stock Price History:

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 3.58%, while the 200-Day Moving Average is calculated to be 30.20%.

Shares Statistics:

It appears that HITI traded 802.34K shares on average per day over the past three months and 676800 shares per day over the past ten days. A total of 80.45M shares are outstanding, with a floating share count of 73.39M. Insiders hold about 9.03% of the company’s shares, while institutions hold 6.78% stake in the company. Shares short for HITI as of 1734048000 were 4048124 with a Short Ratio of 4.92, compared to 1731628800 on 3619892.

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