Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. High Tide Inc.’s current trading price is -3.48% away from its 52-week high, while its distance from the 52-week low is 94.74%. The stock’s price range during this period has varied between $1.14 and $2.30. The company, active in the Healthcare sector, saw a trading volume of around 1.75 million for the day, considerably higher average daily volume of 0.34 million observed over the last three months.
High Tide Inc.’s stock has had a calm market performance. The 1-year high for the company’s stock was $2.30 on 09/25/23, and the lowest price during the same period was recorded at $1.14 on 11/17/23.
How Financial Performance Impacts Market Capitalization
High Tide Inc. (HITI) has experienced a quarterly rise of 36.20% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 167.17M and boasts a workforce of 1550 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.6900, with a change in price of +0.7700. Similarly, High Tide Inc. recorded 306,389 in trading volume during the last 100 days, posting a change of +53.10%.
How HITI’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for HITI stands at 0.47. Similarly, the long-term debt-to-equity ratio is also 0.21.
HITI Stock Stochastic Average
As of today, the raw stochastic average of High Tide Inc. over the past 50 days is 92.81%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 92.81%. Additionally, the Stochastic %K and %D values for the company were 71.22% and 69.66%, respectively, over the past 20 days.
HITI Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 36.20%.However, over the last six months, we can see a weaker performance of 20.00%. Over the last 30 days, the price of HITI has fallen by 26.14%. And in the last five days, it has surged by 18.09%.
