Should I buy or sell High Tide stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for High Tide in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HITI shares. View HITI analyst ratings or view top-rated stocks .

What is High Tide's stock price target for 2024?

2 brokers have issued twelve-month price targets for High Tide's shares. Their HITI share price targets range from $4.50 to $4.50. On average, they predict the company's share price to reach $4.50 in the next year. This suggests a possible upside of 176.1% from the stock's current price. View analysts price targets for HITI or view top-rated stocks among Wall Street analysts .

How have HITI shares performed in 2023?

High Tide's stock was trading at $1.54 on January 1st, 2023. Since then, HITI shares have increased by 5.8% and is now trading at $1.63. View the best growth stocks for 2023 here .

Are investors shorting High Tide?

High Tide saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 3,120,000 shares, an increase of 6.5% from the October 31st total of 2,930,000 shares. Based on an average daily volume of 350,600 shares, the days-to-cover ratio is presently 8.9 days. Currently, 4.6% of the shares of the stock are short sold. View High Tide's Short Interest .

When is High Tide's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024. View our HITI earnings forecast .

How were High Tide's earnings last quarter?

High Tide Inc. (NASDAQ:HITI) posted its earnings results on Friday, September, 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. The company had revenue of $93.17 million for the quarter, compared to analyst estimates of $89.14 million. High Tide had a negative trailing twelve-month return on equity of 8.23% and a negative net margin of 13.23%. During the same period in the previous year, the firm earned ($0.03) earnings per share.

Who are High Tide's major shareholders?

High Tide's stock is owned by a number of institutional and retail investors. Top institutional shareholders include CVA Family Office LLC (2.08%), AdvisorShares Investments LLC (2.07%), JW Asset Management LLC (0.10%), Group One Trading L.P. (0.00%) and Concourse Financial Group Securities Inc. (0.00%).

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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

High Tide Stock Price, News & Analysis (NASDAQ:HITI)

$1.63

-0.06 (-3.55%)

(As of 12/8/2023 ET)

Compare

Today's Range: $1.60
▼
$1.72
50-Day Range: $1.19
▼
$1.75
52-Week Range: $1.03
▼
$2.30

Volume: 202,698 shs
Average Volume: 218,140 shs
Market Capitalization: $122.74 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.50

High Tide MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 176.1% Upside
$4.50 Price Target
Short Interest: Bearish
4.58% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.13) to ($0.02) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.88 out of 5 stars

Medical Sector

626th out of 947 stocks

Retail Stores, Not Elsewhere Classified Industry

10th out of 13 stocks

3.5

Analyst's Opinion

Consensus Rating
High Tide has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.50, High Tide has a forecasted upside of 176.1% from its current price of $1.63.
Amount of Analyst Coverage
High Tide has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.58% 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 8.9.
Change versus previous month
Short interest in High Tide has recently increased by 6.48%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
High Tide does not currently pay a dividend.
Dividend Growth
High Tide does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for HITI.

1.1

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for High Tide this week, compared to 0 articles on an average week.
Search Interest
13 people have searched for HITI on MarketBeat in the last 30 days. This is an increase of 225% compared to the previous 30 days.
MarketBeat Follows
3 people have added High Tide to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

0.8

Company Ownership

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 3.12% of the stock of High Tide is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for High Tide are expected to grow in the coming year, from ($0.13) to ($0.02) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of High Tide is -2.26, 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 -2.26, 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 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About High Tide Stock (NASDAQ:HITI)

High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally. The company operates two segments, Retail and Wholesale. The company operates licensed retail cannabis stores; and provides data analytics services. It also manufactures and distributes consumption accessories. Additionally, the company offers its products under the Canna Cabana, Fastendr, Grasscity, Smoke Cartel, Daily High Club, DankStop, NuLeaf Naturals, FAB CBD, and Blessed CBD brands. Further, it sells its products through online sales via e-commerce platform. 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.

HITI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

HITI Stock News Headlines

December 6, 2023 | americanbankingnews.com

Alibaba Health Information Technology (OTC:ALBHF) vs. High Tide (NASDAQ:HITI) Financial Analysis

November 29, 2023 | seekingalpha.com

High Tide: Insiders Are Buying, And So Am I

December 9, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com

October 6, 2023 | theglobeandmail.com

Closing Bell: High Tide Inc Wr flat on Thursday (HITI-WR)

October 3, 2023 | markets.businessinsider.com

High Tide Inc.: A Rising Power in the Canadian Cannabis Industry with a Promising Growth Outlook

September 26, 2023 | finance.yahoo.com

Is High Tide Inc. (CVE:HITI) Trading At A 49% Discount?

September 17, 2023 | finance.yahoo.com

High Tide Inc. (NASDAQ:HITI) Q3 2023 Earnings Call Transcript

September 14, 2023 | benzinga.com

High Tide Reports 14th Straight Quarter Of Positive Adjusted EBITDA, Q3 Results Best In History, CEO Says

December 9, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

September 14, 2023 | finance.yahoo.com

High Tide Reports Third Quarter 2023 Financial Results Featuring Positive Free Cash Flow of $4.1 Million and Fourth Consecutive Quarter of Record Revenue and Adjusted EBITDA of $124.4 Million and $10.2 Million, Respectively

September 14, 2023 | benzinga.com

Get The Inside Scoop On Weed: Canadian Cannabis Retailer Launches Cabanalytics Consumer Insights

September 14, 2023 | finance.yahoo.com

High Tide Launches "Cabanalytics Consumer Insights" to 1.1 Million Cabana Club Members

September 13, 2023 | benzinga.com

Preview: High Tide's Earnings

September 12, 2023 | finance.yahoo.com

High Tide To Open Second Canna Cabana Location in Brampton, Ontario

September 1, 2023 | benzinga.com

Cannabis Retail Giant Announces C$30M ATM Offering, Replacing Previous ATM Program

August 4, 2023 | theglobeandmail.com

Closing Bell: High Tide Inc down on Thursday (HITI)

August 3, 2023 | finance.yahoo.com

Qualcomm downgraded, Wingstop upgraded: Wall Street's top analyst calls

June 15, 2023 | seekingalpha.com

High Tide GAAP EPS of -C$0.02, revenue of C$118.14M

June 14, 2023 | msn.com

High Tide: Q2 Earnings Insights

June 14, 2023 | benzinga.com

Record-Breaking Q2 2023 Revenue: High Tide Secures $118.1M, Sets New Benchmark For Non-Franchise Cannabis Retailers

June 14, 2023 | finance.yahoo.com

High Tide Reports Third Consecutive Quarter of Record Revenue and Adjusted EBITDA of $118.1 Million and $6.6 Million, Respectively

May 4, 2023 | finance.yahoo.com

High Tide Opens Canna Cabana Location in Grande Prairie, Alberta

April 25, 2023 | finance.yahoo.com

High Tide Announces Its Cabana Club Loyalty Program Has Surpassed 1 Million Members

April 21, 2023 | finance.yahoo.com

High Tide Celebrates Earth Day With Announcement of Contribution Towards Recycling Over 20,000 Pounds of Plastic Waste Through Partnership With [Re] Waste

April 20, 2023 | finance.yahoo.com

High Tide Celebrates its 76th Store Opening in Alberta on the '420' Holiday

April 15, 2023 | theglobeandmail.com

Closing Bell: High Tide Inc flat on Friday (HITI)

April 13, 2023 | msn.com

High Demand: Marijuana Retail Sales Set To Top $33.5B In 2023, Report Finds

See More Headlines

Receive HITI Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for High Tide and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 9/15/2023
Today: 12/08/2023
Next Earnings (Estimated): 1/29/2024
Fiscal Year End: 10/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Retail stores, not elsewhere classified
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:HITI
CUSIP: N/A
CIK: 1847409
Web: www.hightideinc.com
Phone: 855-747-6420
Fax: N/A
Employees: 1,300
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: +176.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.72)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-55,740,000.00
Net Margins: -13.23%
Pretax Margin: -14.59%
Return on Equity: -8.23%
Return on Assets: -4.97%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: 1.16
Quick Ratio: 0.70

Sales & Book Value

Annual Sales: $439.82 million
Price / Sales: 0.28
Cash Flow: $0.08 per share
Price / Cash Flow: 20.92
Book Value: $1.78 per share
Price / Book: 0.92

Miscellaneous

Outstanding Shares: 75,299,000
Free Float: 65,932,000
Market Cap: $122.74 million
Optionable: Optionable
Beta: 0.46

10 "Recession Proof" Stocks That Will Thrive in Any Market

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

Key Executives

Mr. Harkirat Grover (Age 41)
Founder, CEO, President & Executive Chairman
Comp: $555.84k
Mr. Aman Sood
Chief Operating Officer
Ms. Joy Lisa Avzar
VP & Legal Counsel
Mr. Andreas-Alexander Palalas (Age 32)
Chief Revenue Officer
Comp: $199.15k
Mr. Sergio Patino C.M.A.
CPA, Chief Financial Officer
Mr. Omar Yar Khan
Chief Communications & Public Affairs Officer
Ms. Sandy Sharma
Vice President of Human Resources
Mr. Shimshon Posen J.D.
Secretary & Treasurer
Krystal Dafoe
Director of Corporate Governance

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

HITI Stock Analysis - Frequently Asked Questions

Should I buy or sell High Tide stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for High Tide in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HITI shares.
View HITI analyst ratings or view top-rated stocks.
What is High Tide's stock price target for 2024?: 2 brokers have issued twelve-month price targets for High Tide's shares. Their HITI share price targets range from $4.50 to $4.50. On average, they predict the company's share price to reach $4.50 in the next year. This suggests a possible upside of 176.1% from the stock's current price.
View analysts price targets for HITI or view top-rated stocks among Wall Street analysts.
How have HITI shares performed in 2023?: High Tide's stock was trading at $1.54 on January 1st, 2023. Since then, HITI shares have increased by 5.8% and is now trading at $1.63.
View the best growth stocks for 2023 here.
Are investors shorting High Tide?: High Tide saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 3,120,000 shares, an increase of 6.5% from the October 31st total of 2,930,000 shares. Based on an average daily volume of 350,600 shares, the days-to-cover ratio is presently 8.9 days. Currently, 4.6% of the shares of the stock are short sold.
View High Tide's Short Interest.

When is High Tide's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024.
View our HITI earnings forecast.
How were High Tide's earnings last quarter?: High Tide Inc. (NASDAQ:HITI) posted its earnings results on Friday, September, 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. The company had revenue of $93.17 million for the quarter, compared to analyst estimates of $89.14 million. High Tide had a negative trailing twelve-month return on equity of 8.23% and a negative net margin of 13.23%. During the same period in the previous year, the firm earned ($0.03) earnings per share.
Who are High Tide's major shareholders?: High Tide's stock is owned by a number of institutional and retail investors. Top institutional shareholders include CVA Family Office LLC (2.08%), AdvisorShares Investments LLC (2.07%), JW Asset Management LLC (0.10%), Group One Trading L.P. (0.00%) and Concourse Financial Group Securities Inc. (0.00%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:HITI) was last updated on 12/9/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial