High Tide Inc HITI

Morningstar Rating
$2.20 +0.04 (1.85%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

HITI is trading at a LOCK|@vMPdl premium.
Price
$2.24
Fair Value
LOCK|@C&bhy
Uncertainty
LOCK|mp>
1-Star Price
LOCK|XsB?$z
5-Star Price
LOCK|bJ$Fqp&
Economic Moat
LOCK|?#
Capital Allocation

News

Trading Information

Previous Close Price
$2.16
Day Range
$2.152.22
52-Week Range
$2.094.06
Bid/Ask
$2.16 / $2.20
Shares Outstanding
87.87M
Market Cap
$193.31M
Volume/Avg
367,727 / 602,685

Key Statistics

Price/Earnings (Normalized)
30.61
Price/Sales
0.40
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield

Company Profile

High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically integrated company in the Canadian cannabis market with various brands in its portfolio such as Canna Cabana, Fastendr, Queen of Bud, Grasscity, Daily High Club, and others. The company's reportable operating segments are: Bricks and mortar, which generates maximum revenue, and E-commerce. Geographically, it derives maximum revenue from its business in Canada, followed by the United States of America, and other international markets.
Sector
Healthcare
Industry
Pharmaceutical Retailers
Stock Style Box
Small Core
Total Number of Employees
1,750

Valuation

Metric
HITI
Price/Earnings (Normalized)
30.61
Price/Book Value
3.14
Price/Sales
0.40
Price/Cash Flow
9.31
Price/Earnings
HITI

Financial Strength

Metric
HITI
Quick Ratio
0.39
Current Ratio
1.46
Interest Coverage
−1.80
Quick Ratio
HITI

Profitability

Metric
HITI
Return on Assets (Normalized)
0.46%
Return on Equity (Normalized)
1.36%
Return on Invested Capital (Normalized)
6.49%
Return on Assets
HITI

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Morningstar Rating for Stocks
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Economic Moat
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