High Tide Inc. (HITI) Statistics & Valuation Metrics - Stock Analysis (2024)

Total Valuation

High Tide has a market cap or net worth of $179.39 million. The enterprise value is $205.02 million.

Market Cap 179.39M
Enterprise Value 205.02M

Important Dates

The next confirmed earnings date is Monday, September 16, 2024, after market close.

Earnings Date Sep 16, 2024
Ex-Dividend Date n/a

Share Statistics

High Tide has 79.36 million shares outstanding. The number of shares has increased by 9.76% in one year.

Shares Outstanding 79.36M
Shares Change (YoY) +9.76%
Shares Change (QoQ) +1.06%
Owned by Insiders (%) n/a
Owned by Institutions (%) n/a
Float 73.38M

Valuation Ratios

PE Ratio n/a
Forward PE n/a
PS Ratio n/a
Forward PS 0.68
PB Ratio n/a
P/FCF Ratio 8.23
PEG Ratio n/a

Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 11.73, with an EV/FCF ratio of 9.41.

EV / Earnings n/a
EV / Sales 0.56
EV / EBITDA 11.73
EV / EBIT 31.74
EV / FCF 9.41

Financial Position

The company has a current ratio of 1.17, with a Debt / Equity ratio of 0.48.

Current Ratio 1.17
Quick Ratio 0.64
Debt / Equity 0.48
Debt / EBITDA 2.05
Debt / FCF 2.26
Interest Coverage 0.76

Financial Efficiency

Return on equity (ROE) is -23.06% and return on invested capital (ROIC) is 2.50%.

Return on Equity (ROE) -23.06%
Return on Assets (ROA) 2.21%
Return on Capital (ROIC) 2.50%
Revenue Per Employee $236,483
Profits Per Employee -$16,125
Employee Count 1,550
Asset Turnover 2.00
Inventory Turnover 13.20

Taxes

Income Tax -3.99M
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +19.25% in the last 52 weeks. The beta is 1.01, so High Tide's price volatility has been similar to the market average.

Beta (5Y) 1.01
52-Week Price Change +19.25%
50-Day Moving Average 1.95
200-Day Moving Average 1.98
Relative Strength Index (RSI) 63.48
Average Volume (20 Days) 442,810

Short Selling Information

The latest short interest is 4.75 million, so 5.98% of the outstanding shares have been sold short.

Short Interest 4.75M
Short Previous Month 4.94M
Short % of Shares Out 5.98%
Short % of Float 6.47%
Short Ratio (days to cover) 11.62

Income Statement

In the last 12 months, High Tide had revenue of $366.55 million and -$24.99 million in losses. Loss per share was -$0.33.

Revenue 366.55M
Gross Profit 101.03M
Operating Income 6.46M
Pretax Income -28.76M
Net Income -24.99M
EBITDA 17.48M
EBIT 6.46M
Loss Per Share -$0.33

Full Income Statement

Balance Sheet

The company has $25.66 million in cash and $49.20 million in debt, giving a net cash position of -$23.55 million or -$0.30 per share.

Cash & Cash Equivalents 25.66M
Total Debt 49.20M
Net Cash -23.55M
Net Cash Per Share -$0.30
Equity (Book Value) 103.47M
Book Value Per Share 1.28
Working Capital 7.68M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $26.82 million and capital expenditures -$5.27 million, giving a free cash flow of $21.79 million.

Operating Cash Flow 26.82M
Capital Expenditures -5.27M
Free Cash Flow 21.79M
FCF Per Share $0.27

Full Cash Flow Statement

Margins

Gross margin is 27.56%, with operating and profit margins of 1.76% and -6.82%.

Gross Margin 27.56%
Operating Margin 1.76%
Pretax Margin -8.11%
Profit Margin -6.82%
EBITDA Margin 4.77%
EBIT Margin 1.76%
FCF Margin 4.28%

Dividends & Yields

High Tide does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -9.76%
Shareholder Yield -9.76%
Earnings Yield -13.93%
FCF Yield 12.14%

Analyst Forecast

The average price target for High Tide is $4.50, which is 101.79% higher than the current price. The consensus rating is "Strong Buy".

Price Target $4.50
Price Target Difference 101.79%
Analyst Consensus Strong Buy
Analyst Count 1
Revenue Growth Forecast (5Y) 14.37%
EPS Growth Forecast (5Y) n/a

Stock Forecasts

Stock Splits

The last stock split was on May 13, 2021. It was a reverse split with a ratio of 0.0666667:1.

Last Split Date May 13, 2021
Split Type Reverse
Split Ratio 0.0666667:1

Scores

High Tide has an Altman Z-Score of 2.16 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 2.16
Piotroski F-Score 6
High Tide Inc. (HITI) Statistics & Valuation Metrics - Stock Analysis (2024)

FAQs

Is HITI a good stock to buy? ›

Based on analyst ratings, High Tide's 12-month average price target is $4.50. High Tide has 101.79% upside potential, based on the analysts' average price target. High Tide has a consensus rating of Moderate Buy which is based on 1 buy ratings, 0 hold ratings and 0 sell ratings.

What is the target price for Hitide? ›

Based on analysts offering 12 month price targets for HITI in the last 3 months. The average price target is $4.69 with a high estimate of $6.258974235 and a low estimate of $3.313574595.

Is HITI undervalued? ›

The intrinsic value of one HITI stock under the Base Case scenario is 4.42 USD. Compared to the current market price of 2.04 USD, High Tide Inc is Undervalued by 54%.

Should I invest in high tide? ›

High Tide's analyst rating consensus is a Strong Buy. This is based on the ratings of 3 Wall Streets Analysts.

Why is Shockwave stock dropping? ›

What happened. Shares of Shockwave Medical (SWAV) were down 9.5% as of 11:35 a.m. ET Tuesday, according to data provided by S&P Global Market Intelligence, after the company announced mixed second-quarter 2023 results relative to Wall Street's expectations.

Does Hiti pay dividends? ›

Does High Tide pay dividends? No.

What is the target price for NVMI? ›

The average price target for Nova Measuring is $258.25. This is based on 5 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $273.00 ,the lowest forecast is $240.00. The average price target represents 24.54% Increase from the current price of $207.37.

What is the target price for Ubsi? ›

Stock Price Targets
High$42.97
Median$33.64
Low$24.32
Average$32.69
Current Price$29.79

What is the price target for Bionano? ›

Stock Price Targets
High$5.20
Median$3.10
Low$1.00
Average$3.10
Current Price$0.4373

Who owns HITI? ›

The ownership structure of High Tide (HITI) stock is a mix of institutional, retail and individual investors. Approximately 8.13% of the company's stock is owned by Institutional Investors, 56.02% is owned by Insiders and 35.85% is owned by Public Companies and Individual Investors.

What is the most overvalued stock right now? ›

Most overvalued US stocks
SymbolRSI (14)Price
SRBK D79.6310.39 USD
NUVL D79.38112.17 USD
AXGN D79.3714.29 USD
CRVS D79.195.78 USD
29 more rows

What is HITI known for? ›

HiTi Digital, Inc., a professional manufacturer and supplier of digital photo products and services, is well known for high-quality and innovative technology.

Will high tide stock go up? ›

The Wall Street analyst predicted that High Tide's share price could reach $4.50 by Mar 25, 2025. The average High Tide stock price prediction forecasts a potential upside of 101.79% from the current HITI share price of $2.23. What is HITI's Earnings Per Share (EPS) forecast for 2024-2025?

Is high tide a good company? ›

High Tide is a vibrant workplace with a friendly and relaxed environment. The team is supportive, and there's a strong focus on creating a positive customer experience. It's a great place to start if you're interested in the retail cannabis industry, with opportunities to learn and grow.

Is Hiti a sell? ›

High Tide Inc. (HITI) currently has an average brokerage recommendation (ABR) of 1.00 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.)

Will First Wave Biopharma stock go up? ›

Based on analyst ratings, First Wave Bio's 12-month average price target is $36.00.

Is HITI a sell? ›

High Tide Inc. (HITI) currently has an average brokerage recommendation (ABR) of 1.00 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.)

Will American lithium stock go up? ›

Based on short-term price targets offered by four analysts, the average price target for American Lithium Corp. comes to $2.39. The forecasts range from a low of $1.09 to a high of $3.72. The average price target represents an increase of 624.24% from the last closing price of $0.33.

Is Sutro Biopharma a good stock to buy? ›

Sutro Biopharma Inc has a consensus rating of Strong Buy which is based on 8 buy ratings, 1 hold ratings and 0 sell ratings. The average price target for Sutro Biopharma Inc is $10.43. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

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