At the time of writing, High Tide Inc. [HITI] stock is trading at $2.31, up 5.00%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HITI shares have gain 14.36% over the last week, with a monthly amount glided 15.50%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, ROTH Capital started tracking the stock with Buy rating on September 13, 2021, and set its price target to $12. On September 03, 2021, Desjardins initiated with a Buy rating.
For the past year, the stock price of High Tide Inc. fluctuated between $1.14 and $2.85. Currently, Wall Street analysts expect the stock to reach $2.7 within the next 12 months. High Tide Inc. [NASDAQ: HITI] shares were valued at $2.31 at the most recent close of the market. An investor can expect a potential return of 16.88% based on the average HITI price forecast.
Analyzing the HITI fundamentals
According to High Tide Inc. [NASDAQ:HITI], the company’s sales were 376.03M for trailing twelve months, which represents an 3.19% jump. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.22 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.46.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.22 points at the first support level, and at 2.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.38, and for the 2nd resistance point, it is at 2.44.
Ratios To Look Out For
It is important to note that High Tide Inc. [NASDAQ:HITI] has a current ratio of 1.26. As well, the Quick Ratio is 0.78, while the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 0.50, the price to book ratio is 1.77.
