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T   17.65 (+0.57%)
F   13.22 (+1.23%)
MU   117.82 (-1.11%)
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GE   175.08 (-2.80%)
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PFE   27.93 (+0.54%)
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NASDAQ:HITI

High Tide (HITI) Stock Price, News & Analysis

$2.02
-0.05 (-2.18%)
(As of 02:24 PM ET)
Today's Range
$2.02
$2.27
50-Day Range
$1.62
$2.06
52-Week Range
$1.14
$2.30
Volume
767,739 shs
Average Volume
329,421 shs
Market Capitalization
$159.06 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
116.3% Upside
$4.50 Price Target
Short Interest
Bearish
4.86% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.02mentions of High Tide in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.01) to $0.14 Per Share

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.

1.63 out of 5 stars

Medical Sector

684th out of 939 stocks

Retail Stores, Not Elsewhere Classified Industry

8th out of 12 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

Urgent: Protect Your Investments from a Chinese Invasion
An alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.
High Tide (NASDAQ:HITI) Earns "Buy" Rating from Roth Mkm
Urgent: Protect Your Investments from a Chinese Invasion
An alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.
High Tide (NASDAQ:HITI) Announces Earnings Results
3 Cannabis Stocks Blazing a Trail to Legalization
3 Cannabis Stocks Primed for an Epic Turnaround Rally
Retiring in 2024? It Pays to Let Your Auto Insurer Know
See More Headlines
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Company Calendar

Last Earnings
3/18/2024
Today
3/28/2024
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
+110.3%
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
$0.28 per share
Book Value
$1.31 per share

Miscellaneous

Free Float
69,106,000
Market Cap
$168.92 million
Optionable
Optionable
Beta
0.49
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Key Executives

  • Mr. Harkirat Grover (Age 42)
    Founder, CEO, President & Executive Chairman
    Comp: $471.27k
  • 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: $161.27k
  • 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 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 Wall Street analysts have issued 12-month price targets for High Tide's shares. Their HITI share price targets range from $4.50 to $4.50. On average, they anticipate the company's stock price to reach $4.50 in the next year. This suggests a possible upside of 116.3% 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 at the start of the year. Since then, HITI stock has increased by 27.6% and is now trading at $2.08.
View the best growth stocks for 2024 here
.

Are investors shorting High Tide?

High Tide saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 3,300,000 shares, an increase of 8.6% from the February 29th total of 3,040,000 shares. Based on an average daily trading volume, of 302,500 shares, the short-interest ratio is currently 10.9 days. Currently, 4.9% of the company's stock 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 business earned $94.76 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned ($0.05) EPS.

Who are High Tide's major shareholders?

High Tide's stock is owned by a number of retail and institutional investors. Top institutional investors include AdvisorShares Investments LLC (1.96%), Hillsdale Investment Management Inc. (0.90%), AXS Investments LLC (0.60%), JW Asset Management LLC (0.13%), Royal Bank of Canada (0.10%) and Citadel Advisors 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:HITI) was last updated on 3/28/2024 by MarketBeat.com Staff

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