HITI Stock Forecast: Are JUSHF, Trulieve or Greenthumb better?
HITI Stock Forecast: Latest Price
HITI Stock Forecast: Performance Chart
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HITI Stock Forecast: Latest Tweet
HITI Stock Forecast: Today’s Outlook
|Google Search Volume||Lower|
|Social Media Sentiment||Positive|
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HITI Stock Forecast: Earnings Summary
- For quarter 2 of 2022, HITI reported revenue of $81 Million as compared to $40.9 last year, during the same time period. It represented an increase of 12% from the previous quarter.
- The reported EPS was $-0.1 – This was a surprise of -175% i.e. underperformance.
- Their same-store sales represented a growth of 23%. Since the launch of its discount club model, it has contributed to a 48% increase in daily same-store sales
- The CEO placed confidence in their recently launched Cabana Cannabis Co. products for margin increases and sustainability of brick and mortar sales.
HITI Stock Forecast: Latest Video
HITI Stock Forecast: Competition Analysis
HITI stock has been placed in the bottom 33% of its industry by Zacks giving it a rank of 172 out of 251 companies. Because it falls in the industry of medical products, its shares are often compared with Eagle Pharmaceuticals (EGRX), Lantheus (LNTH) and Aurora Cannabis (ACB) who are in the same industry. The EPS for ACB was $-0.4, EGRX was $10.8 and LNTH was $3.1. The Net income was $-542.6M, $-8.6M and $-71.3M respectively. Eagle and Lantheus work with completely different products and are in a profitable industry. The EPS and revenue of HITI are higher than that of ACB. Within the industry in its own sector, it ranks 6th out of 16th. As compared to the industry growth rate of 7.4%, HITI has a growth rate of 43.3%.
HITI is trading at prices lower than its counterparts like Trulieve and Greenthumb. They have been launching new products and diversifying the portfolio. HITI’s earnings are also lower than these companies. The Revenue of HITI is much lower than Trulieve’s of $318M – However, it is higher than Jushi.
HITI Stock Forecast: Google Trends
HITI Stock Forecast: Technical Analysis
– Nandini Panchal
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