High Tide Inc HITI

Morningstar Rating
CA$3.81 −0.08 (2.06%)
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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|pFG<?z premium.
Price
CA$3.89
Fair Value
LOCK|N>@W#X
Uncertainty
LOCK|B#%
1-Star Price
LOCK|%#K@QHR
5-Star Price
LOCK|Z$Dmr^S
Economic Moat
LOCK|qp
Capital Allocation
—

News

Trading Information

Previous Close Price
CA$3.89
Day Range
CA$3.79–3.90
52-Week Range
CA$2.86–5.30
Bid/Ask
CA$3.78 / CA$3.82
Shares Outstanding
89.14M
Market Cap
CA$339.63M
Volume/Avg
40,854 / 74,135

Key Statistics

Price/Earnings (Normalized)
29.98
Price/Sales
0.49
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
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 Value
Total Number of Employees
1,750

Valuation

Metric
HITI
Price/Earnings (Normalized)
29.98
Price/Book Value
3.36
Price/Sales
0.49
Price/Cash Flow
10.74
Price/Earnings
HITI

Financial Strength

Metric
HITI
Quick Ratio
0.49
Current Ratio
1.50
Interest Coverage
−0.86
Quick Ratio
HITI

Profitability

Metric
HITI
Return on Assets (Normalized)
1.84%
Return on Equity (Normalized)
6.29%
Return on Invested Capital (Normalized)
8.71%
Return on Assets
HITI

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Morningstar Rating for Stocks
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