High Tide Inc. (HITI) Hit a 52 Week High, Can the Run Continue?

Zacks12-03

Have you been paying attention to shares of High Tide Inc. (HITI)? Shares have been on the move with the stock up 14% over the past month. The stock hit a new 52-week high of $3.3 in the previous ...

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The stock hit a new 52-week high of $3.3 in the previous ...</p>\n\n<a href=\"https://finance.yahoo.com/news/high-tide-inc-hiti-hit-183013997.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>High Tide Inc. 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(HITI) Hit a 52 Week High, Can the Run Continue?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-03 02:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/high-tide-inc-hiti-hit-183013997.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Have you been paying attention to shares of High Tide Inc. (HITI)? Shares have been on the move with the stock up 14% over the past month. The stock hit a new 52-week high of $3.3 in the previous ...</p>\n\n<a href=\"https://finance.yahoo.com/news/high-tide-inc-hiti-hit-183013997.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HITI","symbol_name":"High Tide Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/high-tide-inc-hiti-hit-183013997.html","article_id":"2488952544","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/hYDVEF34jJNULlluFRTwjg--~B/aD05MDA7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/39dfb058875b6e691de9136bc97a47b4"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488952544","pubTimestamp":1733164213,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Have you been paying attention to shares of High Tide Inc. ?Shares have been on the move with the stock up 14% over the past month. The stock hit a new 52-week high of $3.3 in the previous session. High Tide Inc. has gained 100% since the start of the year compared to the 2.4% move for the Zacks Medical sector and the 17.1% return for the Zacks Medical - Products industry.The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on September 16, 2024, High Tide reported EPS of $0.01 versus consensus estimate of $-0.02.For the current fiscal year, High Tide is expected to post earnings of $0.04 per share on $380.89 million in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $0.15 per share on $431.5 million in revenues. This represents a year-over-year change of 450% and 13.29%, respectively.Shares of HITI have been soaring, and the company s","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HITI":"High Tide Inc.","PAHC":"Phibro Animal Health Corporation","BK4007":"制药"},"translate_title":"High Tide Inc.(HITI)创52周新高，涨势能否继续？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HITI":1,"PAHC":0.9},"content_text":"Have you been paying attention to shares of High Tide Inc. (HITI)? Shares have been on the move with the stock up 14% over the past month. The stock hit a new 52-week high of $3.3 in the previous session. High Tide Inc. has gained 100% since the start of the year compared to the 2.4% move for the Zacks Medical sector and the 17.1% return for the Zacks Medical - Products industry.\nWhat's Driving the Outperformance?\nThe stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on September 16, 2024, High Tide reported EPS of $0.01 versus consensus estimate of $-0.02.\nFor the current fiscal year, High Tide is expected to post earnings of $0.04 per share on $380.89 million in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $0.15 per share on $431.5 million in revenues. This represents a year-over-year change of 450% and 13.29%, respectively.\nValuation Metrics\nHigh Tide may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.\nOn this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.\nHigh Tide has a Value Score of A. The stock's Growth and Momentum Scores are A and F, respectively, giving the company a VGM Score of A.\nIn terms of its value breakdown, the stock currently trades at 93.1X current fiscal year EPS estimates, which is a premium to the peer industry average of 26.7X. On a trailing cash flow basis, the stock currently trades at 12.6X versus its peer group's average of 12.5X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.\nZacks Rank\nWe also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, High Tide currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.\nSince we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if High Tide fits the bill. Thus, it seems as though High Tide shares could still be poised for more gains ahead.\nHow Does HITI Stack Up to the Competition?\nShares of HITI have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Phibro Animal Health Corporation (PAHC). PAHC has a Zacks Rank of # 2 (Buy) and a Value Score of A, a Growth Score of B, and a Momentum Score of B.\nEarnings were strong last quarter. Phibro Animal Health Corporation beat our consensus estimate by 52.17%, and for the current fiscal year, PAHC is expected to post earnings of $1.61 per share on revenue of $1.18 billion.\nShares of Phibro Animal Health Corporation have gained 0.8% over the past month, and currently trade at a forward P/E of 14.49X and a P/CF of 11.06X.\nThe Medical - Products industry is in the top 32% of all the industries we have in our universe, so it looks like there are some nice tailwinds for HITI and PAHC, even beyond their own solid fundamental situation.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nHigh Tide Inc. (HITI) : Free Stock Analysis Report\nPhibro Animal Health Corporation (PAHC) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488952544"}