High Tide Inc. (HITI)

NASDAQ: HITI · IEX Real-Time Price · USD
1.30
+0.02 (1.56%)
At close: Jun 2, 2023, 4:00 PM
1.28
-0.02 (-1.54%)
After-hours: Jun 2, 2023, 5:38 PM EDT

Total Valuation

High Tide has a market cap or net worth of $96.95 million. The enterprise value is $141.65 million.

Market Cap 96.95M
Enterprise Value 141.65M

Important Dates

The next confirmed earnings date is Wednesday, June 14, 2023, after market close.

Earnings Date Jun 14, 2023
Ex-Dividend Date n/a

Share Statistics

High Tide has 74.57 million shares outstanding. The number of shares has increased by 38.68% in one year.

Shares Outstanding 74.57M
Shares Change (YoY) +38.68%
Shares Change (QoQ) +4.32%
Owned by Insiders (%) 9.24%
Owned by Institutions (%) 5.56%
Float 67.65M

Valuation Ratios

PE Ratio n/a
Forward PE 64.10
PS Ratio 0.24
Forward PS 0.17
PB Ratio 0.61
P/FCF Ratio 72.67
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 0.35
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF 106.19

Financial Position

The company has a current ratio of 1.05, with a Debt / Equity ratio of 0.43.

Current Ratio 1.05
Quick Ratio 0.56
Debt / Equity 0.43
Debt / EBITDA n/a
Debt / FCF 51.28

Financial Efficiency

Return on equity (ROE) is -39.50% and return on invested capital (ROIC) is -49.50%.

Return on Equity (ROE) -39.50%
Return on Assets (ROA) -23.60%
Return on Capital (ROIC) -49.50%
Revenue Per Employee $309,776
Profits Per Employee -$52,575
Employee Count 1,300
Asset Turnover 1.39
Inventory Turnover 12.60

Taxes

Income Tax -3.09M
Effective Tax Rate n/a

Stock Price Statistics

The stock price has decreased by -51.15% in the last 52 weeks. The beta is 1.18, so High Tide's price volatility has been higher than the market average.

Beta (1Y) 1.18
52-Week Price Change -51.15%
50-Day Moving Average 1.30
200-Day Moving Average 1.42
Average Volume (30 Days) 172,582

Short Selling Information

The latest short interest is 1.46 million, so 1.96% of the outstanding shares have been sold short.

Short Interest 1.46M
Short Previous Month 1.51M
Short % of Shares Out 1.96%
Short % of Float 2.16%
Short Ratio (days to cover) 11.75

Income Statement

In the last 12 months, High Tide had revenue of $402.71 million and -$68.35 million in losses. Loss per share was -$1.06.

Revenue 402.71M
Gross Profit 110.15M
Operating Income -66.57M
Pretax Income -71.44M
Net Income -68.35M
EBITDA -26.39M
EBIT -57.43M
Loss Per Share -$1.06
Full Income Statement

Balance Sheet

The company has $23.70 million in cash and $68.40 million in debt, giving a net cash position of -$44.71 million or -$0.60 per share.

Cash & Cash Equivalents 23.70M
Total Debt 68.40M
Net Cash -44.71M
Net Cash Per Share -$0.60
Equity / Book Value 158.56M
Book Value Per Share 2.13
Working Capital 2.98M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $8.19 million and capital expenditures -$6.86 million, giving a free cash flow of $1.33 million.

Operating Cash Flow 8.19M
Capital Expenditures -6.86M
Free Cash Flow 1.33M
FCF Per Share $0.02
Full Cash Flow Statement

Margins

Gross margin is 27.35%, with operating and profit margins of -16.53% and -16.97%.

Gross Margin 27.35%
Operating Margin -16.53%
Pretax Margin -17.74%
Profit Margin -16.97%
EBITDA Margin -6.55%
EBIT Margin -14.26%
FCF Margin 0.33%

Dividends & Yields

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

Dividend Per Share n/a
Dividend Yield n/a
Earnings Yield -70.50%
FCF Yield 1.38%
Dividend Growth (YoY) n/a
Payout Ratio n/a
Buyback Yield -38.68%
Shareholder Yield -38.68%
Dividend Details

Analyst Forecast

The average price target for High Tide is $4.45, which is 242.31% higher than the current price. The consensus rating is "Hold".

Price Target $4.45
Price Target Difference 242.31%
Analyst Consensus Hold
Analyst Count 1
Revenue Growth Forecast (5Y) 20.86%
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 1:15.

Last Split Date May 13, 2021
Split Type Reverse
Split Ratio 1:15