Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
In the latest session, High Tide Inc (NASDAQ: HITI) closed at $2.82 down -5.37% from its previous closing price of $2.98. In other words, the price has decreased by -$5.37 from its previous closing price. On the day, 0.58 million shares were traded. HITI stock price reached its highest trading level at $2.96 during the session, while it also had its lowest trading level at $2.78.
Ratios:
For a deeper understanding of High Tide Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.96. 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 227507712 and an Enterprise Value of 273428864. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.61 while its Price-to-Book (P/B) ratio in mrq is 2.16. Its current Enterprise Value per Revenue stands at 0.535 whereas that against EBITDA is 9.616.
Stock Price History:
The Beta on a monthly basis for HITI is 0.83, which has changed by 0.60215056 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. 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 -7.65%, while the 200-Day Moving Average is calculated to be 15.61%.
Shares Statistics:
For the past three months, HITI has traded an average of 767.16K shares per day and 565710 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 6.97% stake in the company. Shares short for HITI as of 1735603200 were 4048124 with a Short Ratio of 5.28, compared to 1732838400 on 3778019.
