High Tide Stock Price, News & Analysis (NASDAQ:HITI) $1.63 -0.06 (-3.55%) (As of 12/8/2023 ET) Add Compare Share Share Today's Range$1.60▼$1.7250-Day Range$1.19▼$1.7552-Week Range$1.03▼$2.30Volume202,698 shsAverage Volume218,140 shsMarket Capitalization$122.74 millionP/E RatioN/ADividend YieldN/APrice Target$4.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media High Tide MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside176.1% Upside$4.50 Price TargetShort InterestBearish4.58% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.13) to ($0.02) Per ShareSee Full Details Hide Full Details 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 starsMedical Sector626th out of 947 stocksRetail Stores, Not Elsewhere Classified Industry10th out of 13 stocks 3.5 Analyst's Opinion Consensus RatingHigh 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/DownsideAccording 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 CoverageHigh Tide has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.58% of the float of High Tide has been sold short.Short Interest Ratio / Days to CoverHigh Tide has a short interest ratio ("days to cover") of 8.9.Change versus previous monthShort interest in High Tide has recently increased by 6.48%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldHigh Tide does not currently pay a dividend.Dividend GrowthHigh Tide does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for HITI. Previous Next 1.1 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for High Tide this week, compared to 0 articles on an average week.Search Interest13 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 Follows3 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. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, High Tide insiders have not sold or bought any company stock.Percentage Held by Insiders12.44% 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 InstitutionsOnly 3.12% of the stock of High Tide is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe 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. SectorThe 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 RatioHigh 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. Previous Next 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.Read More HITI Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart HITI Stock News HeadlinesDecember 6, 2023 | americanbankingnews.comAlibaba Health Information Technology (OTC:ALBHF) vs. High Tide (NASDAQ:HITI) Financial AnalysisNovember 29, 2023 | seekingalpha.comHigh Tide: Insiders Are Buying, And So Am IDecember 9, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix 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.comOctober 6, 2023 | theglobeandmail.comClosing Bell: High Tide Inc Wr flat on Thursday (HITI-WR)October 3, 2023 | markets.businessinsider.comHigh Tide Inc.: A Rising Power in the Canadian Cannabis Industry with a Promising Growth OutlookSeptember 26, 2023 | finance.yahoo.comIs High Tide Inc. (CVE:HITI) Trading At A 49% Discount?September 17, 2023 | finance.yahoo.comHigh Tide Inc. (NASDAQ:HITI) Q3 2023 Earnings Call TranscriptSeptember 14, 2023 | benzinga.comHigh Tide Reports 14th Straight Quarter Of Positive Adjusted EBITDA, Q3 Results Best In History, CEO SaysDecember 9, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix 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.comSeptember 14, 2023 | finance.yahoo.comHigh 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, RespectivelySeptember 14, 2023 | benzinga.comGet The Inside Scoop On Weed: Canadian Cannabis Retailer Launches Cabanalytics Consumer InsightsSeptember 14, 2023 | finance.yahoo.comHigh Tide Launches "Cabanalytics Consumer Insights" to 1.1 Million Cabana Club MembersSeptember 13, 2023 | benzinga.comPreview: High Tide's EarningsSeptember 12, 2023 | finance.yahoo.comHigh Tide To Open Second Canna Cabana Location in Brampton, OntarioSeptember 1, 2023 | benzinga.comCannabis Retail Giant Announces C$30M ATM Offering, Replacing Previous ATM ProgramAugust 4, 2023 | theglobeandmail.comClosing Bell: High Tide Inc down on Thursday (HITI)August 3, 2023 | finance.yahoo.comQualcomm downgraded, Wingstop upgraded: Wall Street's top analyst callsJune 15, 2023 | seekingalpha.comHigh Tide GAAP EPS of -C$0.02, revenue of C$118.14MJune 14, 2023 | msn.comHigh Tide: Q2 Earnings InsightsJune 14, 2023 | benzinga.comRecord-Breaking Q2 2023 Revenue: High Tide Secures $118.1M, Sets New Benchmark For Non-Franchise Cannabis RetailersJune 14, 2023 | finance.yahoo.comHigh Tide Reports Third Consecutive Quarter of Record Revenue and Adjusted EBITDA of $118.1 Million and $6.6 Million, RespectivelyMay 4, 2023 | finance.yahoo.comHigh Tide Opens Canna Cabana Location in Grande Prairie, AlbertaApril 25, 2023 | finance.yahoo.comHigh Tide Announces Its Cabana Club Loyalty Program Has Surpassed 1 Million MembersApril 21, 2023 | finance.yahoo.comHigh Tide Celebrates Earth Day With Announcement of Contribution Towards Recycling Over 20,000 Pounds of Plastic Waste Through Partnership With [Re] WasteApril 20, 2023 | finance.yahoo.comHigh Tide Celebrates its 76th Store Opening in Alberta on the '420' HolidayApril 15, 2023 | theglobeandmail.comClosing Bell: High Tide Inc flat on Friday (HITI)April 13, 2023 | msn.comHigh Demand: Marijuana Retail Sales Set To Top $33.5B In 2023, Report FindsSee 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. Email Address Company Calendar Last Earnings9/15/2023Today12/08/2023Next Earnings (Estimated)1/29/2024Fiscal Year End10/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Retail stores, not elsewhere classified Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:HITI CUSIPN/A CIK1847409 Webwww.hightideinc.com Phone855-747-6420FaxN/AEmployees1,300Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($0.72) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-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 Ratio0.15 Current Ratio1.16 Quick Ratio0.70 Sales & Book Value Annual Sales$439.82 million Price / Sales0.28 Cash Flow$0.08 per share Price / Cash Flow20.92 Book Value$1.78 per share Price / Book0.92Miscellaneous Outstanding Shares75,299,000Free Float65,932,000Market Cap$122.74 million OptionableOptionable Beta0.46 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich 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 ExecutivesMr. Harkirat Grover (Age 41)Founder, CEO, President & Executive Chairman Comp: $555.84kMr. Aman SoodChief Operating OfficerMs. Joy Lisa AvzarVP & Legal CounselMr. Andreas-Alexander Palalas (Age 32)Chief Revenue Officer Comp: $199.15kMr. Sergio Patino C.M.A.CPA, Chief Financial OfficerMr. Omar Yar KhanChief Communications & Public Affairs OfficerMs. Sandy SharmaVice President of Human ResourcesMr. Shimshon Posen J.D.Secretary & TreasurerKrystal DafoeDirector of Corporate GovernanceMore ExecutivesKey CompetitorsXBiotechNASDAQ:XBITOmega TherapeuticsNASDAQ:OMGAAcrivon TherapeuticsNASDAQ:ACRVNyxoahNASDAQ:NYXHVigil NeuroscienceNASDAQ:VIGLView All CompetitorsInstitutional OwnershipJW Asset Management LLCBought 75,000 shares on 11/9/2023Ownership: 0.100%Group One Trading L.P.Bought 3,400 shares on 11/9/2023Ownership: 0.000%AdvisorShares Investments LLCBought 184,280 shares on 11/6/2023Ownership: 2.070%CVA Family Office LLCBought 1,565,676 shares on 10/11/2023Ownership: 2.080%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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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