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About High Tide Stock (NASDAQ:HITI)
Advanced Chart
View Price History Chart DataSkip Price History Chart
Key Stats
- Today's Range
- $2.11
▼
$2.36 - 50-Day Range
- $1.67
▼
$2.23 - 52-Week Range
- $1.14
▼
$2.85 - Volume
- 1.12 million shs
- Average Volume
- 535,690 shs
- Market Capitalization
- $183.42 million
- P/E Ratio
- N/A
- Dividend Yield
- N/A
- Price Target
- $4.50
- Consensus Rating
- Strong Buy
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.
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High Tide Stock Analysis - MarketRank™
See Top Rated MarketRank™ Stocks
Overall MarketRank™: 43rd Percentile
High Tide scored higher than 43% of companies evaluated by MarketBeat, and ranked 649th out of 995 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.
Consensus Rating
High Tide has received a consensus rating of Strong Buy. The company's average rating score is 3.50, 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 1 research reports in the past 90 days.
- Read more about High Tide's stock forecast and price target.
Earnings Growth
Earnings for High Tide are expected to grow in the coming year, from ($0.03) to $0.05 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of High Tide is -6.84, 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 -6.84, 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 1.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Percentage of Shares Shorted
6.50% 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 10.4, which indicates bearish sentiment.Change versus previous month
Short interest in High Tide has recently decreased by 3.85%, indicating that investor sentiment is improving.
Dividend Yield
High Tide does not currently pay a dividend.
Dividend Growth
High Tide does not have a long track record of dividend growth.
Percentage of Shares Shorted
6.50% 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 10.4, which indicates bearish sentiment.Change versus previous month
Short interest in High Tide has recently decreased by 3.85%, indicating that investor sentiment is improving.
News Sentiment
High Tide has a news sentiment score of 0.36. 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 lower news sentiment than the 0.67 average news sentiment score of Medical companies.News Coverage This Week
MarketBeat has tracked 7 news articles for High Tide this week, compared to 1 article on an average week.Search Interest
14 people have searched for HITI on MarketBeat in the last 30 days. This is an increase of 133% compared to the previous 30 days.
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.
- Read more about High Tide's insider trading history.
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HITI Stock News Headlines
Cannabis Retailer High Tide Reports Q3 Results
September 16 at 5:41 PM|benzinga.com
What To Expect From High Tide Inc (HITI) Q3 2024 Earnings
September 16 at 5:41 PM|finance.yahoo.com
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September 16 at 4:01 PM|prnewswire.com
High Tide Inc (HITI) Q3 2024: Everything You Need to Know Ahead of Earnings
September 13, 2024|finance.yahoo.com
September 10, 2024|prnewswire.com
High Tide (HITI) Scheduled to Post Quarterly Earnings on Monday
September 9, 2024|americanbankingnews.com
See More Headlines
HITI Stock Analysis - Frequently Asked Questions
High Tide's stock was trading at $1.63 at the beginning of 2024. Since then, HITI shares have increased by 34.4% and is now trading at $2.19. View the best growth stocks for 2024 here.
High Tide Inc. (NASDAQ:HITI) released its quarterly earnings results on Monday, March, 18th. The company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.02. The firm had revenue of $94.76 million for the quarter, compared to analyst estimates of $94.43 million. High Tide had a negative trailing twelve-month return on equity of 1.06% and a negative net margin of 7.07%.
High Tide's top institutional investors include Renaissance Technologies LLC (0.36%), Baader Bank Aktiengesellschaft (0.31%) and Perritt Capital Management Inc (0.16%).
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.
Company Calendar
- Last Earnings
- 3/18/2024
- Today
- 9/17/2024
- Fiscal Year End
- 10/31/2024
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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
- 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
- +107.4%
- Consensus Rating
- Strong Buy
- Rating Score (0-4)
- 3.50
- Research Coverage
- 2 Analysts
Profitability
- EPS (Most Recent Fiscal Year)
- ($0.32)
- 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
- -7.07%
- Pretax Margin
- -8.10%
- Return on Equity
- -1.06%
- Return on Assets
- -0.64%
Debt
- Debt-to-Equity Ratio
- 0.21
- Current Ratio
- 1.17
- Quick Ratio
- 0.72
Sales & Book Value
- Annual Sales
- $503.78 million
- Price / Sales
- 0.35
- Cash Flow
- $0.25 per share
- Price / Cash Flow
- 8.60
- Book Value
- $1.32 per share
- Price / Book
- 1.64
Miscellaneous
- Outstanding Shares
- 80,446,000
- Free Float
- 70,439,000
- Market Cap
- $174.57 million
- Optionable
- Optionable
- Beta
- 0.47
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This page (NASDAQ:HITI) was last updated on 9/17/2024 by MarketBeat.com Staff
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