We provide advice to complement the regular
expert consensus on High Tide. Our dynamic recommendation engine utilizes a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time.
The successful prediction of High Tide
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as High Tide, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of High Tide based on High Tide hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to High Tide's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to High Tide's related companies.
Use Technical Analysis to project High expected Price
High Tide technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of High Tide technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of High Tide trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...Detailed Perspective On High Tide
The big decline in price over the last few months for High Tidemay raise some interest from stockholders. The stock closed today at a share price of
1.45 on
142,422 in trading volume. The company directors and management failed to add value to investors and position the firm supply of money to exploit
market volatility in
August. However, diversifying your holdings with High Tide or similar stocks can still protect your portfolios during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 4.44. This high volatility is attributed to the latest market swings and not-so-good earnings reports for some of the High Tide partners.
Cost of Revenue Breakdown
High Tide Cost of Revenue is increasing over the last several years with slightly volatile swings. Cost of Revenue is predicted to flatten to about 120
M. Cost of Revenue usually refers to the aggregate cost of goods produced and sold and services rendered during the reporting period. High Tide Cost of Revenue is most likely to increase significantly in the upcoming years. The last year's value of Cost of Revenue was reported at 134.71 Million
| 2010 | 52.45 Million |
| 2020 | 117.14 Million |
| 2021 | 134.71 Million |
| 2022 | 119.99 Million |
High Tide current drop is ambiguous
Current jensen alpha is at -0.68. High Tide exhibits very low volatility with skewness of -1.54 and kurtosis of 5.8. However, we advise investors to further study High Tide technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure High Tide's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact High Tide's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
The Bottom Line
While some other entities in the pharmaceutical retailers industry are either recovering or due for a correction, High Tide may not be as strong as the others in terms of longer-term growth potentials. To conclude, as of the 13th of September 2022, our up-to-date 90 days advice on the company is
Hold. We believe High Tide is currently
undervalued with
above average odds of financial turmoil for the next two years.
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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of High Tide. Please refer to our
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