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.
  
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.
In addition, we conduct extensive research on individual companies such as High and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards High Tide. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

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

Execute Advice
Sell High TideBuy High Tide
Strong Sell

Market Performance

ModestDetails

Volatility

RiskyDetails

Hype Condition

Over hypedDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

About AverageDetails

Economic Sensitivity

Moves indifferently to market movesDetails

Investor Sentiment

ImpartialDetails

Analyst Consensus

Strong BuyDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon High Tide has a Mean Deviation of 2.54, Semi Deviation of 2.79, Standard Deviation of 3.31, Variance of 10.95, Downside Variance of 10.5 and Semi Variance of 7.78
We provide advice to complement the regular expert consensus on High Tide. Our dynamic recommendation engine utilizes a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time. To make sure High Tide is not overpriced, please check out all High Tide fundamentals, including its number of shares shorted, debt to equity, total asset, as well as the relationship between the ebitda and earnings per share . Please also validate High Tide number of shares shorted to confirm your buy or sell decision is consistent with all fundamental data available and that the company can sustain itself in the current economic cycle.

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, Llc2023-12-31
30.5 K
Jane Street Group, Llc2023-09-30
22.7 K
Bank Of Montreal2023-12-31
14.1 K
Bmo Capital Markets Corp.2023-12-31
14.1 K
Pfs Partners, Llc2023-12-31
14 K
Honkamp Krueger Financial Services Inc2023-12-31
12.8 K
Creative Planning Inc2023-12-31
12.1 K
Ci Private Wealth Llc2023-12-31
10 K
Benin Management Corp2023-12-31
10 K
Advisorshares Investments, Llc2023-12-31
1.5 M
Hillsdale Investment Management Inc.2023-12-31
704.9 K
Note, although High Tide's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

High Tide Cash Flow Accounts

201920202021202220232024 (projected)
Change To Inventory2.0M(5.5M)(2.9M)(2.9M)(2.6M)(2.5M)
Change In Cash6.7M6.5M11.1M5.0M5.8M4.6M
Net Borrowings24.9M3.7M(10.1M)(1.9M)(1.7M)(1.6M)
Free Cash Flow6.1M(13.5M)(4.6M)14.6M16.8M17.6M
Depreciation6.8M23.6M30.2M32.8M37.7M39.6M
Other Non Cash Items2.9M14.4M44.6M36.3M41.8M43.9M
Capital Expenditures2.8M10.7M9.1M6.1M7.0M6.8M
Net Income(6.4M)(35.0M)(70.8M)(41.0M)(36.9M)(38.7M)
End Period Cash Flow7.5M14.0M25.1M30.1M34.6M36.4M
Change To Netincome8.2M2.2M16.4M48.3M55.6M58.3M

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
FundamentalsHigh TidePeer Average
Return On Equity-0.24-0.31
Return On Asset0.0106-0.14
Profit Margin(0.07) %(1.27) %
Operating Margin0.03 %(5.51) %
Current Valuation193.07 M16.62 B
Shares Outstanding78.56 M571.82 M
Shares Owned By Insiders9.29 %10.09 %
Shares Owned By Institutions10.95 %39.21 %
Number Of Shares Shorted3.3 M4.71 M
Price To Book1.66 X9.51 X
Price To Sales0.32 X11.42 X
Revenue487.67 M9.43 B
Gross Profit100.95 M27.38 B
EBITDA30.05 M3.9 B
Net Income(40.95 M)570.98 M
Cash And Equivalents18.74 M2.7 B
Cash Per Share0.27 X5.01 X
Total Debt72.53 M5.32 B
Debt To Equity0.31 %48.70 %
Current Ratio1.23 X2.16 X
Book Value Per Share1.75 X1.93 K
Cash Flow From Operations20.66 M971.22 M
Short Ratio12.33 X4.00 X
Earnings Per Share(0.39) X3.12 X
Target Price4.47
Number Of Employees1.45 K18.84 K
Beta1.06-0.15
Market Capitalization160.29 M19.03 B
Total Asset233.4 M29.47 B
Retained Earnings(205.93 M)9.33 B
Working Capital10.51 M1.48 B
Z Score2.668.72
Net Asset233.4 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.

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 Total69.9M72.5M83.4M42.4M
Total Assets274.7M233.4M268.4M141.7M

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.

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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.
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When determining whether High Tide offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of High Tide's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of High Tide Stock. Outlined below are crucial reports that will aid in making a well-informed decision on High Tide Stock:
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.

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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.
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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.