High Tide Inc

Company Profile

High Tide Inc had its IPO on 2019-01-28 under the ticker symbol HITI.

The company operates in the Healthcare sector and Pharmaceutical Retailers industry. High Tide Inc has a staff strength of 1,300 employees.

Stock update

Shares of High Tide Inc opened at $1.81 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $1.73 - $1.89, and closed at $1.74.

This is a -1.14% slip from the previous day's closing price.

A total volume of 436,379 shares were traded at the close of the day’s session.

In the last one week, shares of High Tide Inc have increased by +27.94%.

High Tide Inc's Key Ratios

High Tide Inc has a market cap of $102.12 million, indicating a price to book ratio of 0.7528 and a price to sales ratio of 0.337.

In the last 12-months High Tide Inc’s revenue was $439.82 million with a gross profit of $100.95 million and an EBITDA of $12.69 million. The EBITDA ratio measures High Tide Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, High Tide Inc’s operating margin was -2.89% while its return on assets stood at -2.78% with a return of equity of -34.35%.

In Q1.3333333333333, High Tide Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 45.8%.

High Tide Inc’s PE and PEG Ratio

Forward PE

64.1026

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.77 per share while it has a forward price to earnings multiple of 64.1026 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into High Tide Inc’s profitability.

High Tide Inc stock is trading at a EV to sales ratio of 0.4618 and a EV to EBITDA ratio of 16.6375. Its price to sales ratio in the trailing 12-months stood at 0.337.

High Tide Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$268.09 million

Total Liabilities

$56.39 million

Operating Cash Flow

$0

Capital Expenditure

$1.10 million

Dividend Payout Ratio

0%

High Tide Inc ended 2024 with $268.09 million in total assets and $0 in total liabilities. Its intangible assets were valued at $268.09 million while shareholder equity stood at $158.94 million.

High Tide Inc ended 2024 with $0 in deferred long-term liabilities, $56.39 million in other current liabilities, 286750000.00 in common stock, $-173437000.00 in retained earnings and $87.09 million in goodwill. Its cash balance stood at $22.49 million and cash and short-term investments were $22.65 million. The company’s total short-term debt was $30,668,000 while long-term debt stood at $14.46 million.

High Tide Inc’s total current assets stands at $61.84 million while long-term investments were $179000.00 and short-term investments were $164000.00. Its net receivables were $9.72 million compared to accounts payable of $6.18 million and inventory worth $27.20 million.

In 2024, High Tide Inc's operating cash flow was $0 while its capital expenditure stood at $1.10 million.

Comparatively, High Tide Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$1.74

52-Week High

$2.23

52-Week Low

$1.034

Analyst Target Price

$4.48

High Tide Inc stock is currently trading at $1.74 per share. It touched a 52-week high of $2.23 and a 52-week low of $2.23. Analysts tracking the stock have a 12-month average target price of $4.48.

Its 50-day moving average was $1.31 and 200-day moving average was $1.37 The short ratio stood at 13.32 indicating a short percent outstanding of 0%.

Around 921% of the company’s stock are held by insiders while 664.2% are held by institutions.