High Tide Inc (NASDAQ:HITI) price on Friday, April 11, rose 3.05% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.03.
A look at the stock’s price movement, the close in the last trading session was $1.97, moving within a range at $1.97 and $2.06. The beta value (5-Year monthly) was 0.84. Turning to its 52-week performance, $3.62 and $1.57 were the 52-week high and 52-week low respectively. Overall, HITI moved -7.31% over the past month.
High Tide Inc’s market cap currently stands at around $164.31 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-16.
Analysts have a consensus estimate of 138.5M for the company’s revenue for the quarter, with a low and high estimate of 137.9M and 139.2M respectively. The average forecast suggests up to a 11.46% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 582.61M, representing a 11.55% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HITI is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 0 recommend HITI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Sell which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HITI’s current price about 1.12% and -13.08% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.07, while 7-day volatility ratio is 8.58% and 6.34% in the 30-day chart. Further, High Tide Inc (HITI) has a beta value of 0.64, and an average true range (ATR) of 0.14. Analysts have given the company’s stock an average 52-week price target of $2.7, forecast between a low of $2.7 and high of $2.7. Looking at the price targets, the low is -33.0% off current price level while to achieve the yearly target high, price needs to move -33.0%. Nonetheless, investors will most likely welcome a -33.0% jump to $2.7 which is the analysts’ median price.
If we refocus on High Tide Inc (NASDAQ:HITI), historical trading data shows that trading volumes averaged 0.65 over the past 10 days and 652.13K over the past 3 months. The company’s latest data on shares outstanding shows there are 80.91 million shares.
The 14.38% of High Tide Inc’s shares are in the hands of company insiders while institutional holders own 9.21% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.0 million on 2025-03-14, giving us a short ratio of 6.07. Current price change has pushed the stock -34.30% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HITI stock continues to rise going into the next quarter.
