High Tide Stock Today
| HITI Stock | USD 2.15 0.11 4.87% |
Performance6 of 100
| Odds Of DistressLess than 47
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High Tide is trading at 2.15 as of the 23rd of April 2024. This is a -4.87 percent decrease since the beginning of the trading day. The stock's open price was 2.26. High Tide has 47 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for High Tide are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Consumer Staples Distribution & Retail | IPO Date 28th of January 2019 | Category Healthcare | Classification Consumer Staples |
High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally. High Tide Inc. was founded in 2009 and is headquartered in Calgary, Canada. High Tide operates under Pharmaceutical Retailers classification in the United States and is traded on NASDAQ Exchange. The company has 78.94 M outstanding shares of which 3.12 M shares are currently shorted by private and institutional investors with about 7.58 trading days to cover. More on High Tide
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Follow Valuation Options Odds of Bankruptcy
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High Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. High Tide's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding High Tide or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Consumer Staples Distribution & Retail, Consumer Staples, NASDAQ Composite, NASDAQ Health Care, Consumer Staples, Consumer Staples Distribution & Retail, Pharmaceutical Retailers, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering High Tide report their recommendations after researching High Tide's financial statements, talking to executives and customers, or listening in on High Tide's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering High Tide. The High consensus assessment is calculated by taking the average forecast from all of the analysts covering High Tide. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from High Tide's historical financial statements, High Tide is not in a good financial situation at the moment. It has a very high risk of going through financial straits in May. Financial strength of High Tide is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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High Tide's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to High Tide's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand High Tide's financial leverage. It provides some insight into what part of High Tide's total assets is financed by creditors.
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High Tide (HITI) is traded on NASDAQ Exchange in USA. It is located in 11127 - 15 Street N.E., Calgary, AB, Canada, T3K 2M4 and employs 1,449 people. High Tide is listed under Consumer Staples Distribution & Retail category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 169.71 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate High Tide's market, we take the total number of its shares issued and multiply it by High Tide's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. High Tide conducts business under Consumer Staples Distribution & Retail sector and is part of Consumer Staples industry. The entity has 78.94 M outstanding shares of which 3.12 M shares are currently shorted by private and institutional investors with about 7.58 trading days to cover.
High Tide currently holds about 18.74 M in cash with 20.66 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.27.
Check High Tide Probability Of Bankruptcy
Ownership AllocationHigh Tide secures a total of 78.94 Million outstanding shares. High Tide retains 9.21 (percent) of its outstanding shares held by insiders and 10.89 (percent) owned by outside corporations. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check High Ownership Details
High Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of High Tide jumping above the current price in 90 days from now is about 18.82%. The High Tide probability density function shows the probability of High Tide stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days High Tide has a beta of 0.2389. This usually indicates as returns on the market go up, High Tide average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding High Tide will be expected to be much smaller as well. Additionally, high Tide has an alpha of 0.3586, implying that it can generate a 0.36 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of High Tide to move above the current price in 90 days from now is about 18.82 (This High Tide probability density function shows the probability of High Stock to fall within a particular range of prices over 90 days) .
High Stock Institutional Holders
Institutional Holdings refers to the ownership stake in High Tide that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of High Tide's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing High Tide's value.| Instituion | Recorded On | Shares | |
| Simplex Trading, Llc | 2023-12-31 | 30.5 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 | 2024-03-31 | 10 K | |
| Ubs Group Ag | 2023-12-31 | 5.2 K | |
| Advisorshares Investments, Llc | 2023-12-31 | 1.5 M | |
| Hillsdale Investment Management Inc. | 2023-12-31 | 704.9 K |
High Tide Historical Income Statement
High Tide Income Statement is one of the three primary financial statements used for reporting High's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of High Tide revenue and expense. High Tide Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, High Tide's Total Revenue is increasing as compared to previous years. The High Tide's current Gross Profit is estimated to increase to about 158.6 M, while Tax Provision is forecasted to increase to (6.5 M). View More FundamentalsHigh Stock Against Markets
Picking the right benchmark for High Tide stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in High Tide stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for High Tide is critical whether you are bullish or bearish towards High Tide at a given time. Please also check how High Tide's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in High Tide without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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High Tide Corporate Management
Elected by the shareholders, the High Tide's board of directors comprises two types of representatives: High Tide inside directors who are chosen from within the company, and outside directors, selected externally and held independent of High. The board's role is to monitor High Tide's management team and ensure that shareholders' interests are well served. High Tide's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, High Tide's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Omar Khan | Chief Officer | Profile | |
| CPA CMA | Chief Officer | Profile | |
| Aman Sood | Chief Officer | Profile | |
| AndreasAlexander Palalas | Chief Officer | Profile | |
| Joy Avzar | VP Counsel | Profile | |
| Harkirat Grover | CEO, Founder | Profile | |
| Sandy Sharma | Vice Resources | Profile |
How to buy High Stock?
Before investing in High Tide, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in High Tide. To buy High Tide stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of High Tide. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase High Tide stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located High Tide stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased High Tide stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as High Tide, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy High Stock please use our How to Invest in High Tide guide.
Already Invested in High Tide?
The danger of trading High Tide is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of High Tide is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than High Tide. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile High Tide is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in 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. 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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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 (0.38) | 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.