Harkirat Grover - High Tide CEO, Founder

HITI Stock  USD 2.91  0.26  9.81%   

Insider

Harkirat Grover is CEO, Founder of High Tide
Age 42
Address 11127 - 15 Street N.E., Calgary, AB, Canada, T3K 2M4
Phone403 770 9435
Webhttps://www.hightideinc.com

High Tide Management Efficiency

The company has return on total asset (ROA) of 0.0315 % which means that it generated a profit of $0.0315 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.1988) %, meaning that it created substantial loss on money invested by shareholders. High Tide's management efficiency ratios could be used to measure how well High Tide manages its routine affairs as well as how well it operates its assets and liabilities. The current Return On Tangible Assets is estimated to decrease to -0.37. The current Return On Capital Employed is estimated to decrease to -0.22. As of now, High Tide's Asset Turnover is increasing as compared to previous years.
High Tide currently holds 72.53 M in liabilities with Debt to Equity (D/E) ratio of 0.31, which is about average as compared to similar companies. High Tide has a current ratio of 1.21, suggesting that it is not liquid enough and may have problems paying out its financial obligations when due. Note, when we think about High Tide's use of debt, we should always consider it together with its cash and equity.

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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. It employs 996 people. 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 1,550 people. High Tide is listed under Consumer Staples Distribution & Retail category by Fama And French industry classification.

Management Performance

High Tide Leadership Team

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
CPA CMA, Chief Officer
Aman Sood, Chief Officer
AndreasAlexander Palalas, Chief Officer
Joy Avzar, VP Counsel
Harkirat Grover, CEO, Founder
Sandy Sharma, Vice Resources
Krystal Dafoe, Director Governance
Shimshon JD, Secretary Treasurer

High Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is High Tide a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

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 closely tied 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.
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Is Consumer Staples Distribution & Retail space 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
(0.29)
Revenue Per Share
6.536
Quarterly Revenue Growth
0.059
Return On Assets
0.0315
Return On Equity
(0.20)
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.