NASDAQ:HITI

High Tide (HITI) Stock Forecast, Price & News

$1.30

+0.02 (+1.56%)

(As of 06/2/2023 ET)

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Today's Range: $1.28
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$1.31
50-Day Range: $1.15
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$1.40
52-Week Range: $1.03
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$2.77

Volume: 75,377 shs
Average Volume: 125,270 shs
Market Capitalization: $97.62 million

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

About High Tide (NASDAQ:HITI) Stock

High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally. The company designs, manufactures, and distributes smoking accessories and cannabis lifestyle products. It is also involved in the wholesale and retailing of cannabis products, as well as operates and franchises licensed retail cannabis stores. In addition, the company provides data analytics services, as well as operates Grasscity.com and CBDcity.com platforms. As of December 19, 2022, it operated 145 retail locations in Ontario, Alberta, British Columbia, Manitoba, and Saskatchewan. 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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HITI Stock News Headlines

May 17, 2023 | americanbankingnews.com

High Tide Inc. (NASDAQ:HITI) Short Interest Up 7.9% in April

May 4, 2023 | finance.yahoo.com

High Tide Opens Canna Cabana Location in Grande Prairie, Alberta

June 3, 2023 | Legacy Research (Affiliate) (Ad)

“Amazon Loophole” could hand you $28,544 in “royalty” payouts

Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.

April 30, 2023 | americanbankingnews.com

High Tide (NASDAQ:HITI) Shares Up 2.3%

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)

June 3, 2023 | Legacy Research (Affiliate) (Ad)

“Amazon Loophole” could hand you $28,544 in “royalty” payouts

April 13, 2023 | msn.com

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

April 12, 2023 | americanbankingnews.com

Head-To-Head Review: High Tide (NASDAQ:HITI) vs. Rent the Runway (NASDAQ:RENT)

April 7, 2023 | theglobeandmail.com

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

April 6, 2023 | theglobeandmail.com

Closing Bell: High Tide Inc WT flat on Wednesday (HITI-WT)

April 3, 2023 | finance.yahoo.com

High Tide to Present at Sequire Cannabis & Psychedelics Investor Conference on April 5, 2023

March 30, 2023 | msn.com

Insiders Acquire 259K Shares Of This Pot Stock

March 20, 2023 | markets.businessinsider.com

High Tide (HITI) Gets a Buy from Echelon Wealth Partners

March 17, 2023 | finance.yahoo.com

High Tide Reports Second Consecutive Quarter of Record Revenue and Adjusted EBITDA; $118 Million and $5.5 Million, Respectively

March 16, 2023 | msn.com

Earnings Outlook For High Tide

March 10, 2023 | finance.yahoo.com

High Tide Announces Participation at Upcoming Investment Conferences: Roth Conference, Benzinga Capital Conference, Canaccord Genuity's Global Cannabis Conference

February 27, 2023 | finance.yahoo.com

High Tide to Announce First Quarter 2023 Financial Results

February 6, 2023 | finance.yahoo.com

IIROC Trading Halt - HITI.WT

January 31, 2023 | seekingalpha.com

High Tide, Inc. (HITI) Q4 2022 Earnings Call Transcript

January 31, 2023 | msn.com

High Tide slips 8% as Q4 net loss widens amid one-off charges

January 31, 2023 | benzinga.com

High Tide Stock Trading Lower On FY 2022 Gross Profit Growth Of 58%

January 27, 2023 | msn.com

Earnings Preview: High Tide

January 9, 2023 | finance.yahoo.com

High Tide Opens First Canna Cabana Store In Kamloops, British Columbia

December 30, 2022 | finance.yahoo.com

High Tide Recaps Key Milestones of 2022

See More Headlines

HITI Price History

30 days | 90 days | 365 days | Advanced Chart

HITI Company Calendar

Last Earnings: 3/17/2023
Today: 6/03/2023
Next Earnings (Confirmed): 6/14/2023
Fiscal Year End: 10/31/2023

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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

Profitability

EPS (Most Recent Fiscal Year): ($0.82)
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: -16.61%
Pretax Margin: -17.73%
Return on Equity: -10.80%
Return on Assets: -6.68%

Debt

Debt-to-Equity Ratio: 0.18
Current Ratio: 1.05
Quick Ratio: 0.64

Sales & Book Value

Annual Sales: $277.21 million
Price / Sales: 0.35
Cash Flow: $0.08 per share
Price / Cash Flow: 16.63
Book Value: $1.78 per share
Price / Book: 0.73

Miscellaneous

Outstanding Shares: 75,090,000
Free Float: 65,746,000
Market Cap: $97.62 million
Optionable: Optionable
Beta: 0.61

Key Executives

Mr. Harkirat Grover (Age 41)
Founder, CEO, Pres & Exec. Chairman
Comp: $380.88k

Mr. Rahim Kanji C.A.
CPA, M.B.A., Chief Financial Officer

Mr. Aman Sood
Chief Operating Officer

Mr. Andreas-Alexander Palalas (Age 32)
Chief Revenue Officer
Comp: $156.99k

Ms. Joy Lisa Avzar
VP & Legal Counsel

Mr. Omar Khan
Sr. VP of Corp. & Public Affairs

Ms. Sandy Sharma
VP of HR

Mr. Shimshon Posen J.D.
Sec. & Treasurer

Key Competitors

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Institutional Ownership

View All Institutional Transactions

HITI Stock - Frequently Asked Questions

How have HITI shares performed in 2023?: High Tide's stock was trading at $1.54 at the start of the year. Since then, HITI stock has decreased by 15.6% and is now trading at $1.30.
View the best growth stocks for 2023 here.
When is High Tide's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 14th 2023.
View our HITI earnings forecast.
How were High Tide's earnings last quarter?: High Tide Inc. (NASDAQ:HITI) announced its earnings results on Friday, March, 17th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm earned $87.68 million during the quarter, compared to analysts' expectations of $82.62 million. High Tide had a negative trailing twelve-month return on equity of 10.80% and a negative net margin of 16.61%.
What is High Tide's stock symbol?: High Tide trades on the NASDAQ under the ticker symbol "HITI."

Who are High Tide's major shareholders?: High Tide's stock is owned by a number of retail and institutional investors. Top institutional shareholders include AdvisorShares Investments LLC (1.80%), AXS Investments LLC (0.79%), Jane Street Group LLC (0.07%), Group One Trading L.P. (0.00%), Belvedere Trading LLC (0.00%) and Simplex Trading LLC (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.
What is High Tide's stock price today?: One share of HITI stock can currently be purchased for approximately $1.30.
How much money does High Tide make?: High Tide (NASDAQ:HITI) has a market capitalization of $97.62 million and generates $277.21 million in revenue each year. The company earns $-55,740,000.00 in net income (profit) each year or ($0.82) on an earnings per share basis.
How many employees does High Tide have?: The company employs 1,300 workers across the globe.
How can I contact High Tide?: The official website for the company is www.hightideinc.com. The company can be reached via phone at 855-747-6420 or via email at ir@hightideinc.com.

This page (NASDAQ:HITI) was last updated on 6/3/2023 by MarketBeat.com Staff

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