High Tide Inc. (HITI)
NASDAQ: HITI · IEX Real-Time Price · USD
2.210
-0.180 (-7.53%)
At close: May 17, 2024, 4:00 PM
2.230
+0.020 (0.90%)
After-hours: May 17, 2024, 7:57 PM EDT

High Tide Statistics

Total Valuation

High Tide has a market cap or net worth of $168.67 million. The enterprise value is $205.23 million.

Market Cap 168.67M
Enterprise Value 205.23M

Important Dates

The next estimated earnings date is Wednesday, June 12, 2024, after market close.

Earnings Date Jun 12, 2024
Ex-Dividend Date n/a

Share Statistics

High Tide has 75.30 million shares outstanding.

Shares Outstanding 75.30M
Shares Change (YoY) n/a
Shares Change (QoQ) -5.41%
Owned by Insiders (%) 9.18%
Owned by Institutions (%) 10.77%
Float 71.30M

Valuation Ratios

PE Ratio n/a
Forward PE 250.00
PS Ratio 0.34
Forward PS 0.32
PB Ratio 1.23
P/FCF Ratio 8.80
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 56.38, with an EV/FCF ratio of 10.70.

EV / Earnings n/a
EV / Sales 0.41
EV / EBITDA 56.38
EV / EBIT n/a
EV / FCF 10.70

Financial Position

The company has a current ratio of 1.13, with a Debt / Equity ratio of 0.47.

Current Ratio 1.13
Quick Ratio 0.57
Debt / Equity 0.47
Debt / EBITDA 17.94
Debt / FCF 3.41
Interest Coverage -1.97

Financial Efficiency

Return on equity (ROE) is -24.20% and return on invested capital (ROIC) is -14.79%.

Return on Equity (ROE) -24.20%
Return on Assets (ROA) -14.30%
Return on Capital (ROIC) -14.79%
Revenue Per Employee $343,451
Profits Per Employee -$24,524
Employee Count 1,449
Asset Turnover 2.00
Inventory Turnover 14.41

Taxes

Income Tax -6.65M
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +68.70% in the last 52 weeks. The beta is 1.08, so High Tide's price volatility has been similar to the market average.

Beta (1Y) 1.08
52-Week Price Change +68.70%
50-Day Moving Average 2.12
200-Day Moving Average 1.73
Relative Strength Index (RSI) 49.37
Average Volume (30 Days) 701,333

Short Selling Information

The latest short interest is 4.40 million, so 5.84% of the outstanding shares have been sold short.

Short Interest 4.40M
Short Previous Month 4.61M
Short % of Shares Out 5.84%
Short % of Float 6.17%
Short Ratio (days to cover) 3.84

Income Statement

In the last 12 months, High Tide had revenue of $497.66 million and -$35.54 million in losses. Loss per share was -$0.47.

Revenue 497.66M
Gross Profit 135.13M
Operating Income -30.03M
Pretax Income -42.18M
Net Income -35.54M
EBITDA 3.64M
EBIT -27.98M
Loss Per Share -$0.47
Full Income Statement

Balance Sheet

The company has $28.75 million in cash and $65.31 million in debt, giving a net cash position of -$36.56 million or -$0.49 per share.

Cash & Cash Equivalents 28.75M
Total Debt 65.31M
Net Cash -36.56M
Net Cash Per Share -$0.49
Equity / Book Value 137.65M
Book Value Per Share 1.83
Working Capital 7.50M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $25.42 million and capital expenditures -$6.25 million, giving a free cash flow of $19.17 million.

Operating Cash Flow 25.42M
Capital Expenditures -6.25M
Free Cash Flow 19.17M
FCF Per Share $0.27
Full Cash Flow Statement

Margins

Gross margin is 27.15%, with operating and profit margins of -6.03% and -7.14%.

Gross Margin 27.15%
Operating Margin -6.03%
Pretax Margin -8.48%
Profit Margin -7.14%
EBITDA Margin 0.73%
EBIT Margin -5.62%
FCF Margin 3.85%

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 n/a
Shareholder Yield n/a
Earnings Yield -21.07%
FCF Yield 11.37%

Analyst Forecast

The average price target for High Tide is $4.50, which is 103.62% higher than the current price. The consensus rating is "Strong Buy".

Price Target $4.50
Price Target Difference 103.62%
Analyst Consensus Strong Buy
Analyst Count 1
Revenue Growth Forecast (5Y) 16.13%
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

Scores

High Tide has an Altman Z-Score of 1.72 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 1.72
Piotroski F-Score 5