Overall market sentiment has been high on High Tide Inc (HITIF) stock lately. HITIF receives a Bullish rating from InvestorsObserver’s Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver‘s Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What’s Happening With HITIF Stock Today?
High Tide Inc (HITIF) stock is trading at $0.13 as of 1:58 PM on Monday, Aug 10, a rise of $0.01, or 10.22% from the previous closing price of $0.12. The stock has traded between $0.11 and $0.13 so far today. Volume today is high. So far 329,509 shares have traded compared to average volume of 162,257 shares.
To see InvestorsObserver‘s Sentiment Score for High Tide Inc click here.
More About High Tide Inc
High Tide Inc is an Alberta-based, downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker’s Corner Ltd., Grasscity.com, Canna Cabana Inc. and the majority of KushBar Inc. High Tide’s aim to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value.