(HITI) High Tide - Ratings and Ratios

High Tide Inc. (NASDAQ:HITI) is a prominent player in the cannabis retail sector, operating across Canada, the United States, and internationally. The companys operations are divided into Retail and Wholesale segments, encompassing licensed cannabis stores, data analytics services, and manufacturing and distribution of consumption accessories. Their e-commerce platform strengthens their online presence, offering products under notable brands like Daily High Club, DankStop, and others. Established in 2009 and headquartered in Calgary, High Tide Inc. (formerly High Tide Ventures Inc.) has grown significantly since its name change in 2018.

From a technical standpoint, HITIs stock shows a recent price of $2.54, with a 20-day average volume of 683,109 shares. The stock is currently below its SMA20 and SMA50, indicating a potential downtrend, though the low ATR of 0.16 suggests stability. Fundamentally, with a market cap of $216.81M, the companys forward P/E of 192.31 hints at expected growth, despite a negative RoE of -3.03, which may signal operational challenges.

Looking ahead, the next three months may see HITIs stock price pressured by the downtrend indicated by its moving averages. However, the high forward P/E suggests investor confidence in future growth. The low ATR indicates reduced volatility, offering stability. While the negative RoE raises concerns about profitability, the companys diversified operations and strong brand portfolio may support long-term performance.