High Tide Stock Performance
| HITI Stock | CAD 4.33 0.09 2.12% |
On a scale of 0 to 100, High Tide holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of -0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning High Tide are expected to decrease at a much lower rate. During the bear market, High Tide is likely to outperform the market. Please check High Tide's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether High Tide's current trending patterns will revert.
Risk-Adjusted Performance
16 of 100
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in High Tide are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, High Tide showed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:15 | Last Split Date 2021-05-13 |
1 | HITI - High Tide Inc. Common Shares Latest Stock News Market Updates - StockTitan | 10/24/2024 |
2 | Is It Worth Investing in High Tide Based on Wall Streets Bullish Views - Yahoo Finance | 11/19/2024 |
3 | High Tide Strategic Expansions Driving Impressive Growth, While Being Undervalued - Seeking Alpha | 12/03/2024 |
4 | High Tide To Open 75th Canna Cabana In Ontario - Barchart | 12/10/2024 |
| Begin Period Cash Flow | 25.1 M |
High |
High Tide Relative Risk vs. Return Landscape
If you would invest 277.00 in High Tide on September 22, 2024 and sell it today you would earn a total of 156.00 from holding High Tide or generate 56.32% return on investment over 90 days. High Tide is generating 0.769% of daily returns assuming 3.7708% volatility of returns over the 90 days investment horizon. Simply put, 33% of all stocks have less volatile historical return distribution than High Tide, and 85% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
High Tide Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for High Tide's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as High Tide, and traders can use it to determine the average amount a High Tide's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2039
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Estimated Market Risk
| 3.77 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.77 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 16 84% of assets perform better |
Based on monthly moving average High Tide is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of High Tide by adding it to a well-diversified portfolio.
High Tide Fundamentals Growth
High Stock prices reflect investors' perceptions of the future prospects and financial health of High Tide, and High Tide fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on High Stock performance.
| Return On Equity | -0.2 | ||||
| Return On Asset | 0.0315 | ||||
| Profit Margin | (0.06) % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 372.53 M | ||||
| Shares Outstanding | 80.68 M | ||||
| Price To Book | 2.36 X | ||||
| Price To Sales | 0.67 X | ||||
| Revenue | 487.67 M | ||||
| Gross Profit | 100.95 M | ||||
| EBITDA | 28.44 M | ||||
| Net Income | (39.31 M) | ||||
| Cash And Equivalents | 27.89 M | ||||
| Cash Per Share | 0.53 X | ||||
| Total Debt | 24.98 M | ||||
| Debt To Equity | 0.36 % | ||||
| Current Ratio | 1.62 X | ||||
| Book Value Per Share | 1.80 X | ||||
| Cash Flow From Operations | 20.66 M | ||||
| Earnings Per Share | (0.41) X | ||||
| Market Capitalization | 342.07 M | ||||
| Total Asset | 233.4 M | ||||
| Retained Earnings | (205.93 M) | ||||
| Working Capital | 10.51 M | ||||
About High Tide Performance
Evaluating High Tide's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if High Tide has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if High Tide has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 30.59 | 29.06 | |
| Return On Tangible Assets | (0.35) | (0.37) | |
| Return On Capital Employed | (0.21) | (0.22) | |
| Return On Assets | (0.19) | (0.20) | |
| Return On Equity | (0.34) | (0.36) |
Things to note about High Tide performance evaluation
Checking the ongoing alerts about High Tide for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for High Tide help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| High Tide appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 487.67 M. Net Loss for the year was (39.31 M) with profit before overhead, payroll, taxes, and interest of 100.95 M. | |
| Latest headline from news.google.com: High Tide To Open 75th Canna Cabana In Ontario - Barchart |
- Analyzing High Tide's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether High Tide's stock is overvalued or undervalued compared to its peers.
- Examining High Tide's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating High Tide's management team can have a significant impact on its success or failure. Reviewing the track record and experience of High Tide's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of High Tide's stock. These opinions can provide insight into High Tide's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for High Stock Analysis
When running High Tide's price analysis, check to measure High Tide's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy High Tide is operating at the current time. Most of High Tide's value examination focuses on studying past and present price action to predict the probability of High Tide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move High Tide's price. Additionally, you may evaluate how the addition of High Tide to your portfolios can decrease your overall portfolio volatility.