NASDAQ:HITI

High Tide (HITI) Stock Price, News & Analysis

$2.18
+0.02 (+0.93%)
(As of 05/3/2024 ET)
Today's Range
$2.09
$2.21
50-Day Range
$1.62
$2.61
52-Week Range
$1.14
$2.85
Volume
445,156 shs
Average Volume
914,978 shs
Market Capitalization
$172.94 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
106.4% Upside
$4.50 Price Target
Short Interest
Bearish
6.78% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.58mentions of High Tide in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.37 out of 5 stars

Medical Sector

4555th out of 5,424 stocks

Retail Stores, Not Elsewhere Classified Industry

61st out of 78 stocks

HITI stock logo

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 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.

HITI Stock Price History

HITI Stock News Headlines

Gold Mania
Former Goldman VP Reveals Mysterious "Gold Bank" With Huge Upside Potential He says the gains in this should be far greater than just bullion or mining stocks. Some folks had the chance to see 995% the last time we shared this exact "bank". Most people know nothing about it (except the rich and elite).
High Tide Replacing Chief Financial Officer
Conflict In Israel Sends Gold Soaring ???? Here’s How To Get Your Share
The latest flare-up between Israel and Palestinian militants has sent gold prices surging. Why? Because savvy investors know the endgame of the elites at play… Geopolitical crises breed uncertainty — and gold thrives on uncertainty.
3 Cannabis Stocks Blazing a Trail to Legalization
See More Headlines
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Company Calendar

Last Earnings
3/18/2024
Today
5/04/2024
Next Earnings (Estimated)
6/12/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Retail stores, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:HITI
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
+106.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-29,140,000.00
Pretax Margin
-8.79%

Debt

Sales & Book Value

Annual Sales
$361.57 million
Cash Flow
$0.26 per share
Book Value
$1.32 per share

Miscellaneous

Free Float
69,466,000
Market Cap
$172.94 million
Optionable
Optionable
Beta
0.44
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Key Executives

  • Mr. Harkirat Grover (Age 42)
    Founder, CEO, President & Executive Chairman
    Comp: $464.75k
  • Mr. Sergio Patino C.M.A.
    CPA, Chief Financial Officer
  • Mr. Aman Sood
    Chief Operating Officer
  • Mr. Omar Yar Khan
    Chief Communications & Public Affairs Officer
  • Mr. Andreas-Alexander Palalas (Age 33)
    Chief Marketing Officer
    Comp: $159.04k
  • Ms. Joy Lisa Avzar
    VP & Legal Counsel
  • Ms. Sandy Sharma
    Vice President of Human Resources
  • Mr. Shimshon Posen J.D.
    Secretary & Treasurer
  • Krystal Dafoe
    Director of Corporate Governance

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 year. 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 target prices for High Tide's stock. Their HITI share price targets range from $4.50 to $4.50. On average, they expect the company's stock price to reach $4.50 in the next year. This suggests a possible upside of 106.4% 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 2024?

High Tide's stock was trading at $1.63 on January 1st, 2024. Since then, HITI shares have increased by 33.7% and is now trading at $2.18.
View the best growth stocks for 2024 here
.

Are investors shorting High Tide?

High Tide saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 4,610,000 shares, an increase of 47.8% from the March 31st total of 3,120,000 shares. Based on an average daily volume of 578,700 shares, the short-interest ratio is presently 8.0 days. Approximately 6.8% of the shares of the company are sold short.
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 Wednesday, June 12th 2024.
View our HITI earnings forecast
.

How were High Tide's earnings last quarter?

High Tide Inc. (NASDAQ:HITI) posted its earnings results on Monday, March, 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. The company had revenue of $94.76 million for the quarter, compared to analysts' expectations of $94.43 million. High Tide had a negative trailing twelve-month return on equity of 2.03% and a negative net margin of 7.46%. During the same period in the prior year, the firm earned ($0.05) earnings per share.

Who are High Tide's major shareholders?

High Tide's stock is owned by many different institutional and retail investors. Top institutional investors include Revisor Wealth Management LLC (0.02%).

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

This page (NASDAQ:HITI) was last updated on 5/4/2024 by MarketBeat.com Staff

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