It makes sense and dollars to buy High Tide Inc. (HITI) stock

With 1.04 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.54 million shares. During the session, the Pharmaceutical Retailers company that operates in wider Healthcare sector, reached to the highest price of $3.1 whereas the lowest price it dropped to was $2.92. The 52-week range on HITI shows that it touched its highest point at $3.12 and its lowest point at $1.14 during that stretch. Beta for the stock currently stands at 0.80.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HITI was up-trending over the past week, with a rise of 11.44%, but this was up by 54.87% over a month. Three-month performance surged to 62.37% while six-month performance rose 48.77%. The stock gained 106.85% in the past year, while it has gained 85.28% so far this year.

Float and Shares Shorts:

At present, 75.30 million HITI shares are outstanding with a float of 73.25 million shares on hand for trading. On 2024-10-15, short shares totaled 3.95 million, which was 523.99997 higher than short shares on 1726185600. In addition to Mr. Harkirat Grover as the firm’s Founder, CEO, President & Executive Chairman, Mr. Aman Sood serves as its Chief Operating Officer.

Institutional Ownership:

Through their ownership of 0.10403 of HITI’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-31, HITI reported revenue of $131685000.0 and operating income of $4486000.0. The EBITDA in the recently reported quarter was $10170000.0 and diluted EPS was $0.01.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HITI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.