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NASDAQ:HITI

High Tide (HITI) Stock Forecast, Price & News

$2.58
+0.07 (+2.79%)
(As of 05/23/2022 12:24 PM ET)
Add
Compare
Today's Range
$2.57
$2.65
50-Day Range
$1.80
$5.10
52-Week Range
$1.73
$9.95
Volume
1,197 shs
Average Volume
156,755 shs
Market Capitalization
$160.96 million
P/E Ratio
N/A
Dividend Yield
N/A
Beta
N/A
30 days | 90 days | 365 days | Advanced Chart
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About High Tide

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 April 19, 2022, it operated 115 retail locations in Ontario, Alberta, 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.

Headlines

High Tide: Execution Risks Remain, Says Analyst
See More Headlines

Industry, Sector and Symbol

Industry
Retail stores, not elsewhere classified
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:HITI
Fax
N/A
Employees
996
Year Founded
N/A

Sales & Book Value

Annual Sales
$144.04 million

Profitability

Net Income
$-27.86 million
Pretax Margin
-19.75%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$160.96 million
Optionable
Optionable

Company Calendar

Last Earnings
3/17/2022
Today
5/23/2022
Next Earnings (Confirmed)
6/14/2022
Fiscal Year End
10/31/2022

MarketRank

Overall MarketRank

1.23 out of 5 stars

Medical Sector

1169th out of 1,416 stocks

Retail Stores, Not Elsewhere Classified Industry

15th out of 20 stocks

Analyst Opinion: 3.4Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -













High Tide (NASDAQ:HITI) Frequently Asked Questions

Is High Tide a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for High Tide in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" High Tide stock.
View analyst ratings for High Tide
or view top-rated stocks.

Are investors shorting High Tide?

High Tide saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 304,300 shares, a decrease of 63.7% from the April 15th total of 837,700 shares. Based on an average trading volume of 139,600 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.6% of the shares of the company are short sold.
View High Tide's Short Interest
.

When is High Tide's next earnings date?

High Tide is scheduled to release its next quarterly earnings announcement on Tuesday, June 14th 2022.
View our earnings forecast for High Tide
.

How were High Tide's earnings last quarter?

High Tide Inc. (NASDAQ:HITI) released its quarterly earnings data on Thursday, March, 17th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.04. The firm had revenue of $57.02 million for the quarter, compared to the consensus estimate of $55.50 million. High Tide had a negative trailing twelve-month return on equity of 22.87% and a negative net margin of 11.84%.
View High Tide's earnings history
.

What price target have analysts set for HITI?

4 brokers have issued 1-year target prices for High Tide's shares. Their forecasts range from $7.00 to $20.00. On average, they anticipate High Tide's share price to reach $13.13 in the next year. This suggests a possible upside of 408.7% from the stock's current price.
View analysts' price targets for High Tide
or view top-rated stocks among Wall Street analysts.

Who are High Tide's key executives?
High Tide's management team includes the following people:
  • Mr. Harkirat Grover, Founder, CEO, Pres & Exec. Chairman (Age 40, Pay $402.96k)
  • Mr. Rahim Kanji C.A., CPA, M.B.A., Chief Financial Officer
  • Mr. Aman Sood, Chief Operating Officer
  • Mr. Andreas-Alexander Palalas, Chief Revenue Officer (Age 31, Pay $166.09k)
  • Ms. Joy Lisa Avzar, VP & Legal Counsel
  • Mr. Omar Khan, Sr. VP of Corp. & Public Affairs
  • Ms. Sandy Sharma, Sr. Director of HR
  • Mr. Shimshon Posen J.D., Sec. & Treasurer
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 many different retail and institutional investors. Top institutional investors include AdvisorShares Investments LLC (0.61%), HAP Trading LLC (0.00%), Simplex Trading LLC (0.00%), Royal Bank of Canada (0.03%), Citigroup Inc. (0.02%) and Concourse Financial Group Securities Inc. (0.00%).

Which major investors are selling High Tide stock?

HITI stock was sold by a variety of institutional investors in the last quarter, including HAP Trading LLC.

Which major investors are buying High Tide stock?

HITI stock was acquired by a variety of institutional investors in the last quarter, including AdvisorShares Investments LLC, Simplex Trading LLC, Royal Bank of Canada, and Citigroup Inc..

How do I buy shares of High Tide?

Shares of HITI 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 $2.58.

How much money does High Tide make?

High Tide has a market capitalization of $160.96 million and generates $144.04 million in revenue each year. The company earns $-27.86 million in net income (profit) each year or ($0.22) on an earnings per share basis.

How many employees does High Tide have?

High Tide employs 996 workers across the globe.

What is High Tide's official website?

The official website for High Tide is www.hightideinc.com.

How can I contact High Tide?

The company can be reached via phone at 855-747-6420 or via email at [email protected].

This page was last updated on 5/23/2022 by MarketBeat.com Staff

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