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Anchoring Your Portfolio: Is HITI Stock a Safe Harbor?

The current stock price for High Tide Inc. (HITI) is $1.69. The stock experienced a significant increase during the last trading session, reaching $2.00 after opening at $1.96. It dipped to a low of $1.67 before ultimately closing at $1.96.

The stock market performance of High Tide Inc. has been very steady. Over the last year, the company’s stock hit its highest at $2.23 on 11/22/22, while the lowest price during the same time frame was $1.03, recorded on 03/15/23.

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52-week price history of HITI Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. High Tide Inc.’s current trading price is -24.22% away from its 52-week high, while its distance from the 52-week low is 63.47%. The stock’s price range for this period has remained between $1.03 and $2.23. The Healthcare sector company’s shares managed to surpass a trading volume of around 1.47 million for the day, which was noticeably higher compared to the shares’ average daily volume of 0.23 million over the last three months.

Financial Performance and Market Capitalization

High Tide Inc. (HITI) has experienced a quarterly rise of 28.03% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 198.20M and boasts a workforce of 1300 employees.

Analysts’ Ratings For High Tide Inc.

As of right now, 5 analysts are rating High Tide Inc. as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analyst is recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.3177, with a change in price of +0.4400. Similarly, High Tide Inc. recorded 203,500 in trading volume during the last 100 days, posting a change of +35.20%.

HITI Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for HITI stands at 0.44. Similarly, the long-term debt-to-equity ratio is also 0.23.

HITI Stock Stochastic Average

As of today, the raw stochastic average of High Tide Inc. over the past 50 days is 59.09%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 56.10%. Additionally, the Stochastic %K and %D values for the company were 79.29% and 83.36%, respectively, over the past 20 days.

HITI Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The metric has seen a significant gain of 9.74% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 48.25%. Over the past 30 days, the price of HITI has fallen by 36.29%. And in the last five days, it has surged by 6.96%.

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