With over 0.15 million High Tide Inc. (HITI) shares trading Friday and a closing price of $1.51 on the day, the dollar volume was approximately $0.23 million. The shares have shown a negative half year performance of -27.05% and its price on 01/13/23 lost nearly -1.31%. Currently, there are 70.30M common shares owned by the public and among those 63.92M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for HITI have a consensus price objective of $6.75. The analysts have set the share’s price value over the next 12 months at a high of $12.00 and a low of $2.75. But an upside of 87.42% will see the stock hit the forecast high price target while median target price for the stock is $6.50.
Insiders at the company have transacted a total of 23 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 109,834 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in High Tide Inc. are ETFMG Alternative Harvest ETF, AdvisorShares Trust – Pure Cannab, and Cannabis ETF. ETFMG Alternative Harvest ETF owns 3.53 million shares of the company’s stock, all valued at over $5.44 million. The company sold 4968.0 shares recently to bring their total holdings to about 4.99% of the shares outstanding. Cannabis ETF now owns shares totaling to 1.03% of the shares outstanding.
However, the script later moved the day high at 1.5500, down -1.31%. The company’s stock has a 5-day price change of 1.34% and 7.09% over the past three months. HITI shares are trading -1.95% year to date (YTD), with the 12-month market performance down to -67.03% lower. It has a 12-month low price of $1.30 and touched a high of $5.89 over the same period. HITI has an average intraday trading volume of 235.81K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.55%, -3.40%, and -25.75% respectively.
Institutional ownership of High Tide Inc. (NASDAQ: HITI) shares accounts for 7.78% of the company’s 70.30M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $143.50M and a beta (3y monthly) value of 1.18. The earnings-per-share (ttm) stands at -$0.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.08% over the week and 6.17% over the month.
Analysts forecast that High Tide Inc. (HITI) will achieve an EPS of -$0.06 for the current quarter, -$0.05 for the next quarter and -$0.15 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.06 while analysts give the company a high EPS estimate of -$0.06. Comparatively, EPS for the current quarter was -$0.07 a year ago. Earnings per share for the fiscal year are expected to decrease by -84.40%, and 51.50% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate High Tide Inc. (HITI) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 1 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
ROTH Capital coverage for the High Tide Inc. (HITI) stock in a research note released on September 13, 2021 offered a Buy rating with a price target of $12.