High Tide Stock Today
| HITI Stock | USD 2.65 0.02 0.75% |
Performance12 of 100
| Odds Of DistressLess than 42
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High Tide is trading at 2.65 as of the 24th of November 2024. This is a 0.75 percent decrease since the beginning of the trading day. The stock's open price was 2.67. High Tide has about a 42 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for High Tide are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of October 2024 and ending today, the 24th of November 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 80.68 M outstanding shares of which 4.24 M shares are currently shorted by private and institutional investors with about 5.6 trading days to cover. More on High Tide
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High Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| 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) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial Strength
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Debt LevelsHigh Tide can leverage 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 1,550 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 213.79 M. High Tide conducts business under Consumer Staples Distribution & Retail sector and is part of Consumer Staples industry. The entity has 80.68 M outstanding shares of which 4.24 M shares are currently shorted by private and institutional investors with about 5.6 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 has a total of 80.68 Million outstanding shares. High Tide retains 8.8 (percent) of its outstanding shares held by insiders and 10.17 (percent) owned by outside corporations. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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High Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Qube Research & Technologies | 2024-06-30 | 41.3 K | |
| Hillsdale Investment Management Inc. | 2024-09-30 | 28.1 K | |
| Jane Street Group Llc | 2024-06-30 | 22.2 K | |
| Ci Private Wealth Llc | 2024-06-30 | 20 K | |
| Bank Of Montreal | 2024-06-30 | 14.1 K | |
| Bmo Capital Markets Corp. | 2024-06-30 | 14.1 K | |
| Pfs Partners, Llc | 2024-09-30 | 14 K | |
| Honkamp Krueger Financial Services Inc | 2024-09-30 | 12.8 K | |
| Revisor Wealth Management Llc | 2024-09-30 | 12 K | |
| Advisorshares Investments, Llc | 2024-09-30 | 1.5 M | |
| Renaissance Technologies Corp | 2024-09-30 | 346.3 K |
High Tide Historical Income Statement
High Stock Against Markets
High Tide Corporate Management
| 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 |
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.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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.