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High Tide Inc. (NASDAQ: HITI) closed the day trading at $2.26 up 2.26% from the previous closing price of $2.21. In other words, the price has increased by $2.26 from its previous closing price. On the day, 0.73 million shares were traded. HITI stock price reached its highest trading level at $2.31 during the session, while it also had its lowest trading level at $2.17.
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 7.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.62. 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 178394912 and an Enterprise Value of 216547456. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46 while its Price-to-Book (P/B) ratio in mrq is 1.72. Its current Enterprise Value per Revenue stands at 0.435 whereas that against EBITDA is 9.689.
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 16.89%, while the 200-Day Moving Average is calculated to be 38.67%.
Shares Statistics:
Over the past 3-months, HITI traded about 564.92K shares per day on average, while over the past 10 days, HITI traded about 887160 shares per day. A total of 75.30M shares are outstanding, with a floating share count of 68.00M. Insiders hold about 9.69% of the company’s shares, while institutions hold 8.28% stake in the company. Shares short for HITI as of 1711584000 were 3124577 with a Short Ratio of 5.53, compared to 1709164800 on 3035371.
Earnings Estimates
The firm’s stock currently is rated by High Tide Inc. analysts. The consensus estimate for the next quarter is $271.66, with high estimates of $8.05 and low estimates of $4.50.
