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High Tide TSXV:HITI Stock Report

Last Price

CA$4.33

Market Cap

CA$342.1m

7D

-4.2%

1Y

102.3%

Updated

20 Dec, 2024

Data

Company Financials +

My Notes

Capture your thoughts, links and company narrative

High Tide Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for High Tide
Historical stock prices
Current Share PriceCA$4.33
52 Week HighCA$5.08
52 Week LowCA$2.05
Beta1.04
1 Month Change16.71%
3 Month Change51.40%
1 Year Change102.34%
3 Year Change-28.07%
5 Year Change69.80%
Change since IPO-27.83%

Recent News & Updates

Recent updates

High Tide Inc.'s (CVE:HITI) Shares Leap 30% Yet They're Still Not Telling The Full Story

Oct 19
High Tide Inc.'s (CVE:HITI) Shares Leap 30% Yet They're Still Not Telling The Full Story

Does High Tide (CVE:HITI) Have A Healthy Balance Sheet?

Oct 04
Does High Tide (CVE:HITI) Have A Healthy Balance Sheet?

Market Cool On High Tide Inc.'s (CVE:HITI) Revenues

Aug 14
Market Cool On High Tide Inc.'s (CVE:HITI) Revenues

Here's What Analysts Are Forecasting For High Tide Inc. (CVE:HITI) After Its Second-Quarter Results

Jun 16
Here's What Analysts Are Forecasting For High Tide Inc. (CVE:HITI) After Its Second-Quarter Results

High Tide (CVE:HITI) Seems To Use Debt Quite Sensibly

Apr 25
High Tide (CVE:HITI) Seems To Use Debt Quite Sensibly

High Tide Inc. (CVE:HITI) Screens Well But There Might Be A Catch

Mar 16
High Tide Inc. (CVE:HITI) Screens Well But There Might Be A Catch

Here's Why High Tide (CVE:HITI) Can Afford Some Debt

Sep 23
Here's Why High Tide (CVE:HITI) Can Afford Some Debt

Take Care Before Diving Into The Deep End On High Tide Inc. (CVE:HITI)

Jul 25
Take Care Before Diving Into The Deep End On High Tide Inc. (CVE:HITI)

Does High Tide (CVE:HITI) Have A Healthy Balance Sheet?

Mar 31
Does High Tide (CVE:HITI) Have A Healthy Balance Sheet?

Is High Tide (CVE:HITI) A Risky Investment?

Nov 16
Is High Tide (CVE:HITI) A Risky Investment?

Shareholder Returns

HITICA PharmaceuticalsCA Market
7D-4.2%-1.2%-3.7%
1Y102.3%-24.4%15.0%

Return vs Industry: HITI exceeded the Canadian Pharmaceuticals industry which returned -24.4% over the past year.

Return vs Market: HITI exceeded the Canadian Market which returned 15% over the past year.

Price Volatility

Is HITI's price volatile compared to industry and market?
HITI volatility
HITI Average Weekly Movement8.6%
Pharmaceuticals Industry Average Movement12.0%
Market Average Movement8.2%
10% most volatile stocks in CA Market17.6%
10% least volatile stocks in CA Market2.9%

Stable Share Price: HITI has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: HITI's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20091,449Raj Groverwww.hightideinc.com

High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services.

High Tide Inc. Fundamentals Summary

How do High Tide's earnings and revenue compare to its market cap?
HITI fundamental statistics
Market capCA$342.07m
Earnings (TTM)-CA$30.44m
Revenue (TTM)CA$511.12m

0.7x

P/S Ratio

-11.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HITI income statement (TTM)
RevenueCA$511.12m
Cost of RevenueCA$371.39m
Gross ProfitCA$139.73m
Other ExpensesCA$170.17m
Earnings-CA$30.44m

Last Reported Earnings

Jul 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.38
Gross Margin27.34%
Net Profit Margin-5.95%
Debt/Equity Ratio19.0%

How did HITI perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 22:42
End of Day Share Price 2024/12/20 00:00
Earnings2024/07/31
Annual Earnings2023/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

High Tide Inc. is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David KideckelATB Capital Markets
Frederico Yokota Choucair GomesATB Capital Markets
Doug CooperBeacon Securities Limited