High Tide Stock Net Income
| HITI Stock | CAD 1.66 0.01 0.60% |
High Tide fundamentals help investors to digest information that contributes to High Tide's financial success or failures. It also enables traders to predict the movement of High Stock. The fundamental analysis module provides a way to measure High Tide's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to High Tide stock.
| Last Reported | Projected for Next Year | ||
| Net Loss | -64.6 M | -61.4 M | |
| Net Loss | -36.9 M | -38.7 M | |
| Net Loss | -35.4 M | -37.1 M | |
| Net Loss | (0.61) | (0.64) | |
| Net Income Per E B T | 0.73 | 0.69 |
High | Net Income |
High Tide Company Net Income Analysis
High Tide's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current High Tide Net Income | (39.31 M) |
Most of High Tide's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, High Tide is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
High Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for High Tide is extremely important. It helps to project a fair market value of High Stock properly, considering its historical fundamentals such as Net Income. Since High Tide's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of High Tide's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of High Tide's interrelated accounts and indicators.
Click cells to compare fundamentals
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
CompetitionHigh Net Income Applicable To Common Shares
Net Income Applicable To Common Shares |
|
Based on the recorded statements, High Tide reported net income of (39.31 Million). This is 111.52% lower than that of the Consumer Staples Distribution & Retail sector and significantly lower than that of the Consumer Staples industry. The net income for all Canada stocks is 106.88% higher than that of the company.
High Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses High Tide's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of High Tide could also be used in its relative valuation, which is a method of valuing High Tide by comparing valuation metrics of similar companies.High Tide is currently under evaluation in net income category among its peers.
High Tide Current Valuation Drivers
We derive many important indicators used in calculating different scores of High Tide from analyzing High Tide's financial statements. These drivers represent accounts that assess High Tide's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of High Tide's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 38.9M | 303.0M | 124.3M | 147.9M | 133.1M | 106.2M | |
| Enterprise Value | 78.4M | 344.4M | 169.1M | 190.3M | 171.3M | 136.8M |
High Fundamentals
| Return On Equity | -0.23 | ||||
| Return On Asset | 0.0212 | ||||
| Profit Margin | (0.07) % | ||||
| Operating Margin | 0.02 % | ||||
| Current Valuation | 301.12 M | ||||
| Shares Outstanding | 80.45 M | ||||
| Shares Owned By Insiders | 9.02 % | ||||
| Shares Owned By Institutions | 9.71 % | ||||
| Number Of Shares Shorted | 845.71 K | ||||
| Price To Book | 1.88 X | ||||
| Price To Sales | 0.50 X | ||||
| Revenue | 487.67 M | ||||
| Gross Profit | 100.95 M | ||||
| EBITDA | 28.67 M | ||||
| Net Income | (39.31 M) | ||||
| Cash And Equivalents | 27.89 M | ||||
| Cash Per Share | 0.53 X | ||||
| Total Debt | 24.98 M | ||||
| Debt To Equity | 0.36 % | ||||
| Current Ratio | 1.62 X | ||||
| Book Value Per Share | 1.75 X | ||||
| Cash Flow From Operations | 20.66 M | ||||
| Short Ratio | 5.30 X | ||||
| Earnings Per Share | (0.46) X | ||||
| Target Price | 5.94 | ||||
| Number Of Employees | 1.55 K | ||||
| Beta | 1.06 | ||||
| Market Capitalization | 272.71 M | ||||
| Total Asset | 233.4 M | ||||
| Retained Earnings | (205.93 M) | ||||
| Working Capital | 10.51 M | ||||
| Net Asset | 233.4 M |
About High Tide Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze High Tide's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of High Tide using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of High Tide based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with High Tide
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if High Tide position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in High Tide will appreciate offsetting losses from the drop in the long position's value.Moving against High Stock
| 0.69 | GOOG | Alphabet CDR | PairCorr |
| 0.57 | AAPL | Apple Inc CDR | PairCorr |
| 0.57 | BOFA | Bank of America | PairCorr |
| 0.49 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.46 | TD-PFB | Toronto Dominion Bank | PairCorr |
The ability to find closely correlated positions to High Tide could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace High Tide when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back High Tide - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling High Tide to buy it.
The correlation of High Tide is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as High Tide moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if High Tide moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for High Tide can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional 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.