Investors Are Waking Up To High Tide Inc (NASDAQ: HITI) After Rising 83.45% Over The Past 12 Months

money audit

High Tide Inc (NASDAQ:HITI) currently has a daily average trading volume of 573.69K but it saw 2143475 shares traded in last market. With a market cap of 296.25M USD, the company’s current market price of $2.66 came falling about -10.44 while comparing to the previous closing price of $2.97. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.12 and as low as $1.14. In the recent trading on the day, stock has struck highest price mark of $2.525 while lowest mark touched by it was $2.8.

Taking a look at 20-day trading activity of High Tide Inc (HITI) gives us an average price of $2.72, while its current price level is -14.74% below from 52-week high level whereas it is 133.33% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.36 while that of 200 days or SMA-200 reads an average of $2.13. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.34% during that period while stretching the period over a month that increases to 6.63%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 50.79 which implies that the stock is in neutral territory.

Over the week, HITI’s stock price is moving -7.32% down while it is 18.22% when we observe its performance for the past one month. Year-to-date it is 63.19% up and over the past year, the stock is showing an upside performance of 83.45%.

Currently, High Tide Inc’s total number of outstanding shares is 75.30M. Company’s return on investment (ROI) stands at -17.67% and return on equity (ROE) at -19.85%. Stock’s beta reads 0.78. Stock has a price to book (P/B) ratio of 2.04 while price to sale or P/S ratio amounts to 0.79. Its return on asset (ROA) is -11.99% on average.