What is October outlook for High Tide (NASDAQ:HITI)?

While some planning is required to successfully invest in stocks, sometimes taking bold action is just as important. Let's try to concentrate on why this may be the case with High Tide. What exactly are High Tide shareholders getting in October? High Tide is currently traded for 1.45. The entity has historical hype elasticity of -0.02. The average price elasticity to hype of competition is about 0.68. The firm is anticipated to decline in value after the next headline, with the price expected to drop to 1.43. The average volatility of media hype impact on the company stock price is huge, making predictions on the news or social media along less reliable. The price decrease on the next news is expected to be -1.38%, whereas the daily expected return is currently at -0.45 percent. The volatility of related hype on High Tide is about 296.0% with expected price after next announcement by competition of 2.13 Given the investment horizon of 90 days the next anticipated press release will be in about 5 days.
Published over a year ago
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Reviewed by Michael Smolkin

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
2020
2021
2022
201052.45 Million
2020117.14 Million
2021134.71 Million
2022119.99 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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Editorial Staff

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 Terms of Use for any information regarding our disclosure principles.

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