High Tide Inc (NASDAQ:HITI) shares, rose in value on Friday, March 28, with the stock price down by -3.90% to the previous day’s close as strong demand from buyers drove the stock to $1.97.
Actively observing the price movement in the last trading, the stock closed the session at $2.05, falling within a range of $1.95 and $2.08. The value of beta (5-year monthly) was 0.888. Referring to stock’s 52-week performance, its high was $3.62, and the low was $1.57. On the whole, HITI has fluctuated by -20.56% over the past month.
With the market capitalization of High Tide Inc currently standing at about $159.45 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-16.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 582.61M, with a low estimate of 137.9M and a high estimate of 139.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 138.5M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HITI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of HITI currently trading nearly -12.13% and -22.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.18, while the 7-day volatility ratio is showing 4.87% which for the 30-day chart, stands at 5.72%. Furthermore, High Tide Inc (HITI)’s beta value is 0.67, and its average true range (ATR) is 0.13.
A comparison of High Tide Inc (HITI) with its peers suggests the former has fared considerably weaker in the market. HITI showed an intraday change of -3.90% in last session, and over the past year, it grew by 0.51%%.
Data on historical trading for High Tide Inc (NASDAQ:HITI) indicates that the trading volumes over the past 10 days have averaged 0.6 and over the past 3 months, they’ve averaged 659.56K. According to company’s latest data on outstanding shares, there are 80.91 million shares outstanding.
Nearly 14.38% of High Tide Inc’s shares belong to company insiders and institutional investors own 9.29% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.0 million shares as on 2025-03-14, resulting in a short ratio of 6.07. The stock has fallen by -36.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HITI stock heading into the next quarter.
