Let’s start up with the current stock price of High Tide Inc. (HITI), which is $1.87 to be very precise. The Stock rose vividly during the last session to $2.055 after opening rate of $2.02 while the lowest price it went was recorded $1.7801 before closing at $1.93.Recently in News on November 22, 2022, High Tide Becomes Top Revenue-Generating Cannabis Company in Canada. Data recently released by New Cannabis Ventures shows that the Company is now the largest revenue-generating company reporting in Canadian dollars.. You can read further details here
High Tide Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $5.8928 on 02/10/22, with the lowest value was $1.3000 for the same time period, recorded on 10/13/22.
High Tide Inc. (HITI) full year performance was -72.05%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, High Tide Inc. shares are logging -72.46% during the 52-week period from high price, and 43.85% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.30 and $6.79.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 669984 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the High Tide Inc. (HITI) recorded performance in the market was -56.00%, having the revenues showcasing 23.84% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 161.89M, as it employees total of 996 workers.
The Analysts eye on High Tide Inc. (HITI)
During the last month, 0 analysts gave the High Tide Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.5280, with a change in the price was noted -0.26. In a similar fashion, High Tide Inc. posted a movement of -12.21% for the period of last 100 days, recording 266,134 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for HITI is recording 0.32 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.23.
Technical rundown of High Tide Inc. (HITI)
Raw Stochastic average of High Tide Inc. in the period of last 50 days is set at 61.29%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 60.87%. In the last 20 days, the company’s Stochastic %K was 72.81% and its Stochastic %D was recorded 81.26%.
Considering, the past performance of High Tide Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -56.00%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -24.90%, alongside a downfall of -72.05% for the period of the last 12 months. The shares increased approximately by 9.36% in the 7-day charts and went down by 30.77% in the period of the last 30 days. Common stock shares were driven by 23.84% during last recorded quarter.