High Tide Inc (NASDAQ: HITI) on Tuesday, plunged -7.37% from the previous trading day, before settling in for the closing price of $3.6. Within the past 52 weeks, HITI’s price has moved between $1.64 and $3.65.
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A company in the Healthcare sector has jumped its sales by 51.48% annually for the last half of the decade. The company achieved an average annual earnings per share of -15.24%. With a float of $69.18 million, this company’s outstanding shares have now reached $81.04 million.
In an organization with 1750 employees, it is important to assess its efficiency.
High Tide Inc (HITI) Insider and Institutional Ownership
Observing investor behavior towards Pharmaceutical Retailers industry stocks is more important than anything else. The insider ownership of High Tide Inc is 14.63%, while institutional ownership is 7.54%.
High Tide Inc (HITI) Latest Financial update
As on 7/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.01 earnings per share (EPS) for the period topping the consensus outlook (set at 0) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -15.24% per share during the next fiscal year.
High Tide Inc (NASDAQ: HITI) Trading Performance Indicators
High Tide Inc (HITI) is currently performing well based on its current performance indicators. A quick ratio of 0.97 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.68. Likewise, its price to free cash flow for the trailing twelve months is 25.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.09, a number that is poised to hit -0.00 in the next quarter and is forecasted to reach 0.10 in one year’s time.
Technical Analysis of High Tide Inc (HITI)
Let’s dig in a bit further. During the last 5-days, its volume was 1.08 million. That was better than the volume of 0.55 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 79.89%.
During the past 100 days, High Tide Inc’s (HITI) raw stochastic average was set at 83.71%, which indicates a significant increase from 76.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.21 in the past 14 days, which was higher than the 0.10 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.55, while its 200-day Moving Average is $2.57. However, in the short run, High Tide Inc’s stock first resistance to watch stands at $3.47. Second resistance stands at $3.62. The third major resistance level sits at $3.72. If the price goes on to break the first support level at $3.23, it is likely to go to the next support level at $3.13. The third support level lies at $2.98 if the price breaches the second support level.
High Tide Inc (NASDAQ: HITI) Key Stats
Market capitalization of the company is 269.86 million based on 81,203K outstanding shares. Right now, sales total 383,740 K and income totals -3,190 K. The company made 96,970 K in profit during its latest quarter, and -2,040 K in sales during its previous quarter.
