High Tide Stock Price Prediction
| HITI Stock | CAD 4.39 0.09 2.01% |
Oversold Vs Overbought
56
Oversold | Overbought |
EPS Estimate Current Year 0.015 | EPS Estimate Next Year 0.08 | Wall Street Target Price 6.3625 | EPS Estimate Current Quarter (0.02) | Quarterly Revenue Growth 0.059 |
Using High Tide hype-based prediction, you can estimate the value of High Tide from the perspective of High Tide response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in High Tide to buy its stock at a price that has no basis in reality. In that case, they are not buying High because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
High Tide after-hype prediction price | CAD 4.76 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
High |
High Tide After-Hype Price Prediction Density Analysis
As far as predicting the price of High Tide at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in High Tide or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of High Tide, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
High Tide Estimiated After-Hype Price Volatility
In the context of predicting High Tide's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on High Tide's historical news coverage. High Tide's after-hype downside and upside margins for the prediction period are 0.99 and 8.53, respectively. We have considered High Tide's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
High Tide is relatively risky at this time. Analysis and calculation of next after-hype price of High Tide is based on 3 months time horizon.
High Tide Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as High Tide is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading High Tide backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with High Tide, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.70 | 3.71 | 0.32 | 0.01 | 4 Events / Month | 1 Events / Month | In about 4 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
4.39 | 4.76 | 8.43 |
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High Tide Hype Timeline
High Tide is currently traded for 4.39on TSX Venture Exchange of Canada. The entity has historical hype elasticity of 0.32, and average elasticity to hype of competition of -0.01. High is anticipated to increase in value after the next headline, with the price projected to jump to 4.76 or above. The average volatility of media hype impact on the company the price is over 100%. The price increase on the next news is anticipated to be 8.43%, whereas the daily expected return is currently at 0.7%. The volatility of related hype on High Tide is about 46375.0%, with the expected price after the next announcement by competition of 4.38. The company has return on total asset (ROA) of 0.0315 % which means that it generated a profit of $0.0315 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1988) %, meaning that it generated substantial loss on money invested by shareholders. High Tide's management efficiency ratios could be used to measure how well High Tide manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.37 in 2024. Return On Capital Employed is likely to drop to -0.22 in 2024. At this time, High Tide's Total Assets are fairly stable compared to the past year. Net Tangible Assets is likely to climb to about 13.1 M in 2024, whereas Other Assets are likely to drop slightly above 3.1 M in 2024. Assuming the 90 days trading horizon the next anticipated press release will be in about 4 days. Check out High Tide Basic Forecasting Models to cross-verify your projections.High Tide Related Hype Analysis
Having access to credible news sources related to High Tide's direct competition is more important than ever and may enhance your ability to predict High Tide's future price movements. Getting to know how High Tide's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how High Tide may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| SGR-U | Slate Grocery REIT | 0.00 | 3 per month | 0.00 | (0.11) | 2.22 | (1.95) | 9.87 | |
| ROOT | Roots Corp | (0.03) | 2 per month | 2.68 | (0) | 4.19 | (5.58) | 18.02 | |
| MRT-UN | Morguard Real Estate | (0.06) | 2 per month | 0.00 | (0.04) | 1.99 | (2.18) | 6.86 | |
| AIM | Aimia Inc | (0.08) | 2 per month | 1.93 | (0.01) | 3.60 | (3.07) | 8.95 | |
| GDI | GDI Integrated | (0.04) | 1 per month | 1.55 | 0.04 | 2.53 | (2.22) | 7.45 | |
| PPL-PA | Pembina Pipeline Corp | 0.00 | 0 per month | 0.57 | 0.01 | 1.21 | (1.08) | 3.04 | |
| NA-PG | National Bank of | 0.00 | 0 per month | 0.08 | 0.02 | 0.42 | (0.42) | 1.58 | |
| DII-B | Dorel Industries | 0.13 | 3 per month | 0.00 | (0.35) | 1.95 | (4.66) | 12.04 | |
| SLF-PH | Sun Lif Non | 0.00 | 0 per month | 0.00 | (0.07) | 1.30 | (1.44) | 4.49 | |
| BCE-PT | Bce Inc Pref | 0.00 | 0 per month | 0.00 | (0.12) | 1.27 | (1.66) | 4.36 |
High Tide Additional Predictive Modules
Most predictive techniques to examine High price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for High using various technical indicators. When you analyze High charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About High Tide Predictive Indicators
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 analysis of 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. | 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 33.36 | 42.66 | 38.4 | 40.32 | Days Of Inventory On Hand | 33.4 | 26.6 | 30.59 | 29.06 |
Story Coverage note for High Tide
The number of cover stories for High Tide depends on current market conditions and High Tide's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that High Tide is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about High Tide's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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High Tide Short Properties
High Tide's future price predictability will typically decrease when High Tide's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of High Tide often depends not only on the future outlook of the potential High Tide's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. High Tide's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 74.3 M | |
| Cash And Short Term Investments | 30.3 M |
Additional 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.