High Tide Inc [HITI] stock prices are up 9.81% to $2.91 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The HITI shares have gain 13.23% over the last week, with a monthly amount drifted -3.64%, and not 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.
The stock price of High Tide Inc [HITI] has been fluctuating between $1.36 and $3.12 over the past year. 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 $2.91 at the most recent close of the market. An investor can expect a potential drop of -7.22% based on the average HITI price forecast.
Analyzing the HITI fundamentals
The High Tide Inc [NASDAQ:HITI] reported sales of 376.03M for trailing twelve months, representing a surge of 3.19%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.19.
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 2.72 points at the first support level, and at 2.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.03, and for the 2nd resistance point, it is at 3.14.
Ratios To Look Out For
It’s worth pointing out that High Tide Inc [NASDAQ:HITI]’s Current Ratio is 1.26. On the other hand, the Quick Ratio is 0.78, and the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 0.87, the price to book ratio is 2.23.
