High Tide (HITI) Stock Price, News & Analysis

Company Overview

High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories. Further, it sells its products through online sales via e-commerce platform. The company offers its products under the Daily High Club, DankStop, FABCBD, GC, Nuleaf, Smoke Cartel, and Blessed CBD brands. The company was formerly known as High Tide Ventures Inc. and changed its name to High Tide Inc. in October 2018. High Tide Inc. was founded in 2009 and is headquartered in Calgary, Canada.

Key Stats

• Today's Range: $2.58 to $2.70
• 50-Day Range: $1.95 to $3.02
• 52-Week Range: $1.14 to $3.12
• Volume: 428,384 shs
• Average Volume: 993,684 shs
• Market Capitalization: $209.17 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.50
• Consensus Rating: Strong Buy

High Tide Stock Analysis - MarketRank™

High Tide scored higher than 50% of companies evaluated by MarketBeat, and ranked 625th out of 971 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

High Tide has received a consensus rating of Strong Buy. The company's average rating score is 3.67, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

High Tide has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for High Tide are expected to grow in the coming year, from ($0.01) to $0.04 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of High Tide is -9.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of High Tide is -9.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

High Tide has a P/B Ratio of 1.97. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.79% of the float of High Tide has been sold short.

Short Interest Ratio / Days to Cover

High Tide has a short interest ratio ("days to cover") of 6.6.

Change versus previous month

Short interest in High Tide has recently increased by 0.24%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

High Tide does not currently pay a dividend.

Dividend Growth

High Tide does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.79% of the float of High Tide has been sold short.

Short Interest Ratio / Days to Cover

High Tide has a short interest ratio ("days to cover") of 6.6.

Change versus previous month

Short interest in High Tide has recently increased by 0.24%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.08

News Sentiment

High Tide has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for High Tide this week, compared to 1 article on an average week.

Search Interest

11 people have searched for HITI on MarketBeat in the last 30 days. This is an increase of 83% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added High Tide to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, High Tide insiders have not sold or bought any company stock.

Percentage Held by Insiders

12.44% of the stock of High Tide is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 4.52% of the stock of High Tide is held by institutions.

HITI Stock Analysis - Frequently Asked Questions

How have HITI shares performed this year?

High Tide's stock was trading at $1.63 at the beginning of the year. Since then, HITI shares have increased by 59.5% and is now trading at $2.60.
View the best growth stocks for 2024 here.

How were High Tide's earnings last quarter?

High Tide Inc. (NASDAQ:HITI) released its quarterly earnings data on Monday, September, 16th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. The firm earned $96.04 million during the quarter, compared to analyst estimates of $93.70 million. High Tide had a positive trailing twelve-month return on equity of 2.06% and a negative net margin of 6.14%.

Who are High Tide's major shareholders?

Top institutional shareholders of High Tide include Jane Street Group LLC (0.04%).

How do I buy shares of High Tide?

Shares of HITI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of High Tide own?

Based on aggregate information from My MarketBeat watchlists, some other companies that High Tide investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), CrowdStrike (CRWD), Adobe (ADBE), Arista Networks (ANET) and General Electric (GE).

Company Calendar

• Last Earnings: 9/16/2024
• Today: 11/16/2024
• Next Earnings (Estimated): 2/03/2025
• Fiscal Year End: 10/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Retail stores, not elsewhere classified
• Sub-Industry: N/A
• Current Symbol: NASDAQ:HITI
• CUSIP: N/A
• CIK: 1847409
• Web: www.hightideinc.com
• Phone: 855-747-6420
• Fax: N/A
• Employees: 1,550
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.50
• High Stock Price Target: $4.50
• Low Stock Price Target: $4.50
• Potential Upside/Downside: +73.1%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.28)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-29,140,000.00
• Net Margins: -6.14%
• Pretax Margin: -7.08%
• Return on Equity: 2.06%
• Return on Assets: 1.25%

Debt

• Debt-to-Equity Ratio: 0.20
• Current Ratio: 1.26
• Quick Ratio: 0.78

Sales & Book Value

• Annual Sales: $511.12 million
• Price / Sales: 0.41
• Cash Flow: $0.25 per share
• Price / Cash Flow: 10.57
• Book Value: $1.32 per share
• Price / Book: 1.97

Miscellaneous

• Outstanding Shares: 80,446,000
• Free Float: 70,439,000
• Market Cap: $209.16 million
• Optionable: Optionable
• Beta: 0.39