Overall market sentiment has been high on High Tide Inc (HITI) stock lately. HITI receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
High Tide Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HITI!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With HITI Stock Today?
High Tide Inc (HITI) stock is trading at $2.06 as of 12:37 PM on Wednesday, Mar 27, a gain of $0.10, or 4.85% from the previous closing price of $1.96. The stock has traded between $1.97 and $2.08 so far today. Volume today is elevated. So far 595,425 shares have traded compared to average volume of 319,781 shares.
More About High Tide Inc
High Tide (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA) is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including bricks-and-mortar retail stores and e-commerce assets. The Company is the largest non-franchised cannabis retail chain in Canada, with locations spanning British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario. The Company is also Canada's first cannabis discount club retailer under the Canna Cabana banner. High Tide's portfolio also includes retail kiosks and smart locker technology - Fastendr(TM). High Tide has been serving consumers for over a decade through its established e-commerce platforms, including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com and more recently in the hemp-derived CBD space through Nuleafnaturals.com, FABCBD.com, blessedcbd.co.uk , blessedcbd.de, and Amazon United Kingdom, as well as its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. High Tide was featured in the Report on Business Magazine's ranking of Canada's Top Growing Companies in both 2021 and 2022 and was ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023. High Tide's strategy as a parent company is to extend and strengthen its integrated value chain while providing a complete customer experience and maximizing shareholder value.
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