High Tide Number Of Shares Shorted vs. Cash Per Share
| HITI Stock | USD 3.15 0.04 1.25% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.41 | 0.31 |
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For High Tide profitability analysis, we use financial ratios and fundamental drivers that measure the ability of High Tide to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well High Tide utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between High Tide's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of High Tide over time as well as its relative position and ranking within its peers.
High |
Is Consumer Staples Distribution & Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of High Tide. If investors know High will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about High Tide listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.29) | Revenue Per Share 6.536 | Quarterly Revenue Growth 0.059 | Return On Assets 0.0315 | Return On Equity (0.20) |
The market value of High Tide is measured differently than its book value, which is the value of High that is recorded on the company's balance sheet. Investors also form their own opinion of High Tide's value that differs from its market value or its book value, called intrinsic value, which is High Tide's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because High Tide's market value can be influenced by many factors that don't directly affect High Tide's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between High Tide's value and its price as these two are different measures arrived at by different means. Investors typically determine if High Tide is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High Tide's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
High Tide Cash Per Share vs. Number Of Shares Shorted Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining High Tide's current stock value. Our valuation model uses many indicators to compare High Tide value to that of its competitors to determine the firm's financial worth. High Tide is rated # 2 in number of shares shorted category among its peers. It is rated below average in cash per share category among its peers . The ratio of Number Of Shares Shorted to Cash Per Share for High Tide is about 13,992,663 . As of now, High Tide's Cash Per Share is decreasing as compared to previous years. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the High Tide's earnings, one of the primary drivers of an investment's value.High Cash Per Share vs. Number Of Shares Shorted
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
High Tide |
| = | 3.78 M |
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
High Tide |
| = | 0.27 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
High Cash Per Share Comparison
High Tide is currently under evaluation in cash per share category among its peers.
High Tide Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in High Tide, profitability is also one of the essential criteria for including it into their portfolios because, without profit, High Tide will eventually generate negative long term returns. The profitability progress is the general direction of High Tide's change in net profit over the period of time. It can combine multiple indicators of High Tide, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 6 M | 6.3 M | |
| Net Interest Income | -10.5 M | -11 M | |
| Operating Income | -37.3 M | -35.4 M | |
| Net Loss | -36.9 M | -38.7 M | |
| Income Before Tax | -43.7 M | -45.9 M | |
| Total Other Income Expense Net | -7.2 M | -7.5 M | |
| Net Loss | -64.6 M | -61.4 M | |
| Net Loss | -36.9 M | -38.7 M | |
| Income Tax Expense | -6.9 M | -6.5 M | |
| Change To Netincome | 55.6 M | 58.3 M | |
| Net Loss | (0.61) | (0.64) | |
| Income Quality | (0.58) | (0.55) | |
| Net Income Per E B T | 0.73 | 0.68 |
High Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on High Tide. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of High Tide position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the High Tide's important profitability drivers and their relationship over time.
Use High Tide in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if High Tide position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in High Tide will appreciate offsetting losses from the drop in the long position's value.High Tide Pair Trading
High Tide Pair Trading Analysis
The ability to find closely correlated positions to High Tide could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace High Tide when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back High Tide - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling High Tide to buy it.
The correlation of High Tide is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as High Tide moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if High Tide moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for High Tide can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your High Tide position
In addition to having High Tide in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Robots And Drones
Large technology companies that are involved in development and manufacturing of drones, robots, or robotic equipment across mechanical engineering, electrical engineering, mathematics and computer science fields. Drones and robotics are projected to significantly grow in demand in the next 5 years. The Robots And Drones theme has 42 constituents at this time.
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Check out Risk vs Return Analysis. For more detail on how to invest in High Stock please use our How to Invest in High Tide guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
To fully project High Tide's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of High Tide at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include High Tide's income statement, its balance sheet, and the statement of cash flows.