Cannabis Giant High Tide Taps Into 113 Billion Global E-Commerce Market With New Product Categories
HITI Stock | USD 3.14 0.04 1.26% |
Under 53% of High Tide's investor base is interested to short. The analysis of current outlook of investing in High Tide suggests that many traders are impartial regarding High Tide's prospects. High Tide's investing sentiment shows overall attitude of investors towards High Tide.
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High Tide Inc. is expanding its innovative Cabana Club membership program to the U.S., EU and UK through dedicated websites. Innovation and market disruption are at the core of High Tides DNA, and today marks another milestone in our journey, Raj Grover, the companys founder and CEO, said. I am excited to announce that, in celebration of Cyber Monday, we are taking our highly successful Cabana Club membership program global.High Tide also said its adding international snacks and confectionery to its e-commerce platform, alongside hemp-derived CBD and cannabis accessories.
Read at benzinga.com
High Tide Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards High Tide can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
High Tide Fundamental Analysis
We analyze High Tide's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of High Tide using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of High Tide based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Working Capital
Working Capital Comparative Analysis
High Tide is currently under evaluation in working capital category among its peers. Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
High Tide Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with High Tide stock to make a market-neutral strategy. Peer analysis of High Tide could also be used in its relative valuation, which is a method of valuing High Tide by comparing valuation metrics with similar companies.
Peers
High Tide Related Equities
LFLY | Leafly Holdings | 3.91 | ||||
SSY | SunLink Health | 1.33 | ||||
PETS | PetMed Express | 5.47 | ||||
CJJD | China Jo | 6.50 |
Complementary Tools for High Stock analysis
When running High Tide's price analysis, check to measure High Tide's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy High Tide is operating at the current time. Most of High Tide's value examination focuses on studying past and present price action to predict the probability of High Tide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move High Tide's price. Additionally, you may evaluate how the addition of High Tide to your portfolios can decrease your overall portfolio volatility.
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