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 analysts have issued 1 year price targets for High Tide's stock. Their HITI share price targets range from $4.50 to $4.50. On average, they expect the company's share price to reach $4.50 in the next year. This suggests a possible upside of 99.1% 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 2024?

High Tide's stock was trading at $1.63 at the beginning of 2024. Since then, HITI shares have increased by 38.7% and is now trading at $2.26. View the best growth stocks for 2024 here .

Are investors shorting High Tide?

High Tide saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 3,120,000 shares, a decrease of 5.5% from the March 15th total of 3,300,000 shares. Based on an average daily trading volume, of 484,700 shares, the short-interest ratio is presently 6.4 days. Approximately 4.6% 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 quarterly earnings results on Monday, March, 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.02. The firm earned $94.76 million during the quarter, compared to analysts' expectations of $94.43 million. High Tide had a negative net margin of 7.46% and a negative trailing twelve-month return on equity of 2.03%. During the same period in the prior year, the firm earned ($0.05) earnings per share.

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 .

NASDAQ:HITI

High Tide (HITI) Stock Price, News & Analysis

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Free HITI Stock Alerts

$2.26

+0.05 (+2.26%)

(As of 05:21 PM ET)

Compare

Today's Range: $2.17
▼
$2.31
50-Day Range: $1.62
▼
$2.61
52-Week Range: $1.14
▼
$2.85

Volume: 733,170 shs
Average Volume: 517,981 shs
Market Capitalization: $179.29 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.50

Get High Tide alerts:

High Tide MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 99.1% Upside
$4.50 Price Target
Short Interest: Healthy
4.59% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.53
Based on 5 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.

2.11 out of 5 stars

Medical Sector

542nd out of 911 stocks

Retail Stores, Not Elsewhere Classified Industry

9th out of 13 stocks

3.5

Analyst's Opinion

Consensus Rating
High 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.
Amount of Analyst Coverage
High Tide has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
4.59% of the float of High Tide has been sold short.
Short Interest Ratio / Days to Cover
High Tide has a short interest ratio ("days to cover") of 6.4.
Change versus previous month
Short interest in High Tide has recently decreased by 5.45%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
High Tide does not currently pay a dividend.
Dividend Growth
High Tide does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for HITI.

3.1

News and Social Media Coverage

News Sentiment
High Tide has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for High Tide this week, compared to 1 article on an average week.
Search Interest
18 people have searched for HITI on MarketBeat in the last 30 days. This is an increase of 500% compared to the previous 30 days.
MarketBeat Follows
12 people have added High Tide to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, High Tide insiders have not sold or bought any company stock.
Percentage Held by Insiders
12.44% 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 Institutions
Only 4.52% of the stock of High Tide is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of High Tide is -6.85, 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. Sector
The P/E ratio of High Tide is -6.85, 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 Ratio
High Tide has a P/B Ratio of 1.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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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

30 days | 90 days | 365 days | Advanced Chart

HITI Stock News Headlines

April 18, 2024 | americanbankingnews.com

High Tide Inc. (NASDAQ:HITI) Short Interest Down 5.5% in March

April 15, 2024 | prnewswire.com

High Tide Announces Participation at Upcoming Cannabis Investment and B2B Conferences

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April 12, 2024 | msn.com

High Tide CFO Sergio Patino to transition out of role

April 12, 2024 | marketwatch.com

High Tide Replacing Chief Financial Officer

April 12, 2024 | prnewswire.com

High Tide Announces Transition of Chief Financial Officer

April 5, 2024 | investorplace.com

Futuristic Fortunes: 3 Penny Stocks to Buy Before They Go Mainstream

April 4, 2024 | prnewswire.com

High Tide to Open Fifth Canna Cabana Store in Mississauga, Ontario

April 19, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

April 1, 2024 | investorplace.com

Million-Dollar Bets: 3 Under-$15 Stocks With Massive Potential

April 1, 2024 | prnewswire.com

High Tide Welcomes Start of German Cannabis Legalization

March 28, 2024 | prnewswire.com

High Tide Closes Acquisition of Premium Canadian Cannabis Brand, Queen of Bud

March 26, 2024 | prnewswire.com

High Tide to Open Fourth Canna Cabana in Mississauga, Ontario

March 24, 2024 | investorplace.com

7 Unknown Penny Growth Stocks That Are About to Pop 1,000%

March 21, 2024 | prnewswire.com

High Tide to Open Third Canna Cabana in Mississauga, Ontario

March 15, 2024 | msn.com

HITI Stock Earnings: High Tide Misses Revenue for Q1 2024

March 15, 2024 | prnewswire.com

High Tide Reports First Quarter 2024 Financial Results Featuring Record Revenue, Record Adjusted EBITDA, and Third Consecutive Quarter of Positive Free Cash Flow as well as Break-Even Net Income

March 14, 2024 | finance.yahoo.com

High Tide Opens New Canna Cabana Location in Toronto, Ontario

March 11, 2024 | msn.com

High tide causes roads in Hampton Beach, other Seacoast towns to flood

March 4, 2024 | prnewswire.com

High Tide Opens Second Canna Cabana in Mississauga, Ontario

March 1, 2024 | prnewswire.com

High Tide to Announce First Fiscal Quarter 2024 Financial Results

February 27, 2024 | investorplace.com

3 Cannabis Stocks Blazing a Trail to Legalization

February 25, 2024 | msn.com

David Shribman: The two great tides of American politics are going out

February 23, 2024 | prnewswire.com

High Tide Welcomes Passage of First Pillar of Germany's Cannabis Legalization Plan

February 22, 2024 | finance.yahoo.com

Canadian Investment Regulatory Organization Trading Halt - HITI.WR

February 22, 2024 | prnewswire.com

High Tide Recognized as a Top 10 Ranked Company in the Diversified Industries Sector by the TSX Venture 50 for 2024

February 19, 2024 | investorplace.com

3 Cannabis Stocks Primed for an Epic Turnaround Rally

See More Headlines

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Company Calendar

Last Earnings: 3/18/2024
Today: 4/19/2024
Next Earnings (Estimated): 6/12/2024
Fiscal Year End: 10/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Retail stores, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:HITI
CUSIP: N/A
CIK: 1847409
Web: www.hightideinc.com
Phone: 855-747-6420
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: +103.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.33)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-29,140,000.00
Net Margins: -7.46%
Pretax Margin: -8.79%
Return on Equity: -2.03%
Return on Assets: -1.23%

Debt

Debt-to-Equity Ratio: 0.20
Current Ratio: 1.13
Quick Ratio: 0.69

Sales & Book Value

Annual Sales: $361.57 million
Price / Sales: 0.48
Cash Flow: $0.25 per share
Price / Cash Flow: 8.68
Book Value: $1.32 per share
Price / Book: 1.67

Miscellaneous

Outstanding Shares: 79,330,000
Free Float: 69,466,000
Market Cap: $175.32 million
Optionable: Optionable
Beta: 0.54

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Key Executives

Mr. Harkirat Grover (Age 42)
Founder, CEO, President & Executive Chairman
Comp: $467.68k
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: $160.04k
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

Key Competitors

View All Competitors

Institutional Ownership

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 analysts have issued 1 year price targets for High Tide's stock. Their HITI share price targets range from $4.50 to $4.50. On average, they expect the company's share price to reach $4.50 in the next year. This suggests a possible upside of 99.1% 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 2024?: High Tide's stock was trading at $1.63 at the beginning of 2024. Since then, HITI shares have increased by 38.7% and is now trading at $2.26.
View the best growth stocks for 2024 here.
Are investors shorting High Tide?: High Tide saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 3,120,000 shares, a decrease of 5.5% from the March 15th total of 3,300,000 shares. Based on an average daily trading volume, of 484,700 shares, the short-interest ratio is presently 6.4 days. Approximately 4.6% 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 quarterly earnings results on Monday, March, 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.02. The firm earned $94.76 million during the quarter, compared to analysts' expectations of $94.43 million. High Tide had a negative net margin of 7.46% and a negative trailing twelve-month return on equity of 2.03%. During the same period in the prior year, the firm earned ($0.05) earnings per share.
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 4/19/2024 by MarketBeat.com Staff

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