Should I sell or hold HITI.V?

Asked 4 years ago

Hi guys, I've invested in High Tide Inc. Should I be holding or selling the stock right now? TIA

High tide inc (hiti)Opinions on specific stocks

Andrew Moran

Monday, June 28, 2021

It depends on what price you got in and what your objectives are with holding shares in High Tide.
That said, the fundamentals are beginning to improve at High Tide, with quarterly revenues continually growing and earnings relatively stabilizing. The business model of HITI is also appealing, relying on organic growth and debt elimination.
The stock has also done remarkably well since December, surging to a 52-week high of nearly $17.
Perhaps if it dips below $10 (it ended the June 28 session at $10.07), it might be a good time to buy the dip and add to your positions.
Just be cautious about the overall cannabis market since it is in a down period.