High Tide (HITI) is a Zacks Rank #2 (Buy) that has an A for Value and an A for Growth. The company is in the marijuana space and there is a lot of talk about marijuana being rescheduled in order to ease restrictions for research.
High Tide Inc. (HITI) closed at $3.5 in the latest trading session, marking a -2.1% move from the prior day.
Does High Tide Inc. (HITI) have what it takes to be a top stock pick for momentum investors? Let's find out.
High Tide is entering the German cannabis market with the acquisition of a majority stake in Remexian. The acquisition is highly accretive. Preliminary Q3 results underline Canna Cabana's accelerated retail momentum, trickling to good earnings growth despite continued growth investments. I estimate HITI stock to have 76% upside to $5.28.
High Tide Inc. (HITI) closed the most recent trading day at $3.06, moving +2.68% from the previous trading session.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the closing of the recent trading day, High Tide Inc. (HITI) stood at $2.36, denoting a -1.26% move from the preceding trading day.
The latest trading day saw High Tide Inc. (HITI) settling at $2.21, representing a +1.61% change from its previous close.
Zacks.com users have recently been watching High Tide (HITI) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the closing of the recent trading day, High Tide Inc. (HITI) stood at $2.37, denoting a -1.66% move from the preceding trading day.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
The cannabis industry has been through a turbulent period recently. Intense pullbacks and ongoing federal uncertainty have marked this. But underneath this volatility lie solid long-term trends that could drive major returns for patient investors. For long-term investors, the case for finding the best marijuana stocks to buy now becomes compelling. While volatility will likely remain in the sector, it is on the brink of potential inflection points.