High Tide Stock Buy Hold or Sell Recommendation
HITI Stock | USD 2.03 0.03 1.46% |
Given the investment horizon of 90 days and your slightly conservative level of risk, our recommendation regarding High Tide is 'Strong Sell'. Macroaxis provides High Tide buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding HITI positions. The advice algorithm takes into account all of High Tide's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting High Tide's buy or sell advice are summarized below:
Real Value 2.54 | Target Price 4.49 | Hype Value 2.02 | Market Value 2.03 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell High Tide given historical horizon and risk tolerance towards High Tide. When Macroaxis issues a 'buy' or 'sell' recommendation for High Tide, the advice is generated through an automated system that utilizes algorithms and statistical models.
High |
Execute High Tide Buy or Sell Advice
The High recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on High Tide. Macroaxis does not own or have any residual interests in High Tide or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute High Tide's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
Strong Sell
Market Performance | Modest | Details | |
Volatility | Risky | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | About Average | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
High Tide Trading Alerts and Improvement Suggestions
High Tide had very high historical volatility over the last 90 days | |
The company reported the previous year's revenue of 487.67 M. Net Loss for the year was (40.95 M) with profit before overhead, payroll, taxes, and interest of 100.95 M. | |
Latest headline from finance.yahoo.com: High Tide Closes Acquisition of Premium Canadian Cannabis Brand, Queen of Bud |
High Tide Returns Distribution Density
The distribution of High Tide's historical returns is an attempt to chart the uncertainty of High Tide's future price movements. The chart of the probability distribution of High Tide daily returns describes the distribution of returns around its average expected value. We use High Tide price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of High Tide returns is essential to provide solid investment advice for High Tide.
Mean Return | 0.41 | Value At Risk | -4.89 | Potential Upside | 5.85 | Standard Deviation | 3.31 |
Return Density |
Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of High Tide historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
High Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as High Tide is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading High Tide backward and forwards among themselves. High Tide's institutional investor refers to the entity that pools money to purchase High Tide's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Simplex Trading, Llc | 2023-12-31 | 30.5 K | Jane Street Group, Llc | 2023-09-30 | 22.7 K | Bank Of Montreal | 2023-12-31 | 14.1 K | Bmo Capital Markets Corp. | 2023-12-31 | 14.1 K | Pfs Partners, Llc | 2023-12-31 | 14 K | Honkamp Krueger Financial Services Inc | 2023-12-31 | 12.8 K | Creative Planning Inc | 2023-12-31 | 12.1 K | Ci Private Wealth Llc | 2023-12-31 | 10 K | Benin Management Corp | 2023-12-31 | 10 K | Advisorshares Investments, Llc | 2023-12-31 | 1.5 M | Hillsdale Investment Management Inc. | 2023-12-31 | 704.9 K |
High Tide Cash Flow Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Change To Inventory | 2.0M | (5.5M) | (2.9M) | (2.9M) | (2.6M) | (2.5M) | |
Change In Cash | 6.7M | 6.5M | 11.1M | 5.0M | 5.8M | 4.6M | |
Net Borrowings | 24.9M | 3.7M | (10.1M) | (1.9M) | (1.7M) | (1.6M) | |
Free Cash Flow | 6.1M | (13.5M) | (4.6M) | 14.6M | 16.8M | 17.6M | |
Depreciation | 6.8M | 23.6M | 30.2M | 32.8M | 37.7M | 39.6M | |
Other Non Cash Items | 2.9M | 14.4M | 44.6M | 36.3M | 41.8M | 43.9M | |
Capital Expenditures | 2.8M | 10.7M | 9.1M | 6.1M | 7.0M | 6.8M | |
Net Income | (6.4M) | (35.0M) | (70.8M) | (41.0M) | (36.9M) | (38.7M) | |
End Period Cash Flow | 7.5M | 14.0M | 25.1M | 30.1M | 34.6M | 36.4M | |
Change To Netincome | 8.2M | 2.2M | 16.4M | 48.3M | 55.6M | 58.3M |
High Tide Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to High Tide or Consumer Staples Distribution & Retail sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that High Tide's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a High stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.42 | |
β | Beta against NYSE Composite | -0.14 | |
σ | Overall volatility | 3.28 | |
Ir | Information ratio | 0.08 |
High Tide Volatility Alert
High Tide shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure High Tide's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact High Tide's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.High Tide Fundamentals Vs Peers
Comparing High Tide's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze High Tide's direct or indirect competition across all of the common fundamentals between High Tide and the related equities. This way, we can detect undervalued stocks with similar characteristics as High Tide or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of High Tide's fundamental indicators could also be used in its relative valuation, which is a method of valuing High Tide by comparing valuation metrics with those of similar companies.
Better Than Average | Worse Than Average | Compare High Tide to competition |
Fundamentals | High Tide | Peer Average |
Return On Equity | -0.24 | -0.31 |
Return On Asset | 0.0106 | -0.14 |
Profit Margin | (0.07) % | (1.27) % |
Operating Margin | 0.03 % | (5.51) % |
Current Valuation | 193.07 M | 16.62 B |
Shares Outstanding | 78.56 M | 571.82 M |
Shares Owned By Insiders | 9.29 % | 10.09 % |
Shares Owned By Institutions | 10.95 % | 39.21 % |
Number Of Shares Shorted | 3.3 M | 4.71 M |
Price To Book | 1.66 X | 9.51 X |
Price To Sales | 0.32 X | 11.42 X |
Revenue | 487.67 M | 9.43 B |
Gross Profit | 100.95 M | 27.38 B |
EBITDA | 30.05 M | 3.9 B |
Net Income | (40.95 M) | 570.98 M |
Cash And Equivalents | 18.74 M | 2.7 B |
Cash Per Share | 0.27 X | 5.01 X |
Total Debt | 72.53 M | 5.32 B |
Debt To Equity | 0.31 % | 48.70 % |
Current Ratio | 1.23 X | 2.16 X |
Book Value Per Share | 1.75 X | 1.93 K |
Cash Flow From Operations | 20.66 M | 971.22 M |
Short Ratio | 12.33 X | 4.00 X |
Earnings Per Share | (0.39) X | 3.12 X |
Target Price | 4.47 | |
Number Of Employees | 1.45 K | 18.84 K |
Beta | 1.06 | -0.15 |
Market Capitalization | 160.29 M | 19.03 B |
Total Asset | 233.4 M | 29.47 B |
Retained Earnings | (205.93 M) | 9.33 B |
Working Capital | 10.51 M | 1.48 B |
Z Score | 2.66 | 8.72 |
Net Asset | 233.4 M |
High Tide Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as High . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 127425.0 | |||
Daily Balance Of Power | (0.10) | |||
Rate Of Daily Change | 0.99 | |||
Day Median Price | 2.13 | |||
Day Typical Price | 2.09 | |||
Price Action Indicator | (0.11) | |||
Period Momentum Indicator | (0.03) |
About High Tide Buy or Sell Advice
When is the right time to buy or sell High Tide? Buying financial instruments such as High Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 69.9M | 72.5M | 83.4M | 42.4M | Total Assets | 274.7M | 233.4M | 268.4M | 141.7M |
Use Investing Ideas to Build Portfolios
In addition to having High Tide in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Alcohol Thematic Idea Now
Alcohol
Companies involved in production and distribution of wines and alcoholic beverages. The Alcohol theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Alcohol Theme or any other thematic opportunities.
View All Next | Launch |
Check out High Tide Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more detail on how to invest in High Stock please use our How to Invest in High Tide guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for High Stock analysis
When running High Tide's price analysis, check to measure High Tide's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy High Tide is operating at the current time. Most of High Tide's value examination focuses on studying past and present price action to predict the probability of High Tide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move High Tide's price. Additionally, you may evaluate how the addition of High Tide to your portfolios can decrease your overall portfolio volatility.
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |
Is High Tide's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of High Tide. If investors know High will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about High Tide listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.39) | Revenue Per Share 6.569 | Quarterly Revenue Growth 0.085 | Return On Assets 0.0106 | Return On Equity (0.24) |
The market value of High Tide is measured differently than its book value, which is the value of High that is recorded on the company's balance sheet. Investors also form their own opinion of High Tide's value that differs from its market value or its book value, called intrinsic value, which is High Tide's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because High Tide's market value can be influenced by many factors that don't directly affect High Tide's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between High Tide's value and its price as these two are different measures arrived at by different means. Investors typically determine if High Tide is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High Tide's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.