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High Tide Inc. (HITI) Stock Forecast & Price Prediction

Live HITI Stock Price & Analysis

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$2.84

-0.10 (-3.40%)

12 Month Price Forecast For HITI

$2.84
Current Price
$228.13M
Market Cap
5 Ratings
Buy 5
Hold 0
Sell 0
Wall St Analyst Ratings

Distance to HITI Price Forecasts

+58.5%
To High Target of $4.50
+58.5%
To Median Target of $4.50
+58.5%
To Low Target of $4.50

HITI Price Momentum

+1.8%
1 Week Change
-9.0%
1 Month Change
+67.1%
1 Year Change
-8.1%
Year-to-Date Change
-21.5%
From 52W High of $3.62
+81.5%
From 52W Low of $1.57

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 8, 2025 3:38 AM UTC

HITI Analyst Ratings & Price Targets

Based on our analysis of 3 Wall Street analysts, HITI has a consensus that is bullish. The median price target is $4.50, with forecasts ranging from $4.50 to $4.50. Currently, there are 5 Buy ratings, 0 Hold ratings, and 0 Sell ratings.

With HITI currently trading at $2.84, the median price forecast suggests a 58.5% upside. The most optimistic forecast comes from Scott Fortune at Roth MKM, projecting a 58.5% upside, while Scott Fortune at Roth MKM provides the most conservative target, suggesting a 58.5% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

HITI Analyst Consensus

5
Buy
0
Hold
0
Sell

HITI Price Target Range

Low
$4.50
Average
$4.50
High
$4.50
Current: $2.84

Latest HITI Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for HITI.

Date Firm Analyst Rating Change Price Target
Sep 18, 2024 Roth MKM Scott Fortune Buy Reiterates $4.50
Mar 25, 2024 Roth MKM Scott Fortune Buy Reiterates $4.50
Sep 18, 2023 Roth MKM Scott Fortune Buy Reiterates $4.50
Jun 16, 2022 Cantor Fitzgerald Pablo Zuanic Neutral Maintains $4.45
Mar 18, 2022 Cantor Fitzgerald Pablo Zuanic Neutral Maintains $7.00
Jan 4, 2022 Roth Capital Buy Initiates $0.00
Sep 13, 2021 Roth Capital Buy Initiates $0.00

Stocks Similar to High Tide Inc.

The following stocks are similar to High Tide based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

High Tide Inc. (HITI) Financial Data

High Tide Inc. has a market capitalization of $228.13M with a P/E ratio of -57.1x. The company generates $356.22M in trailing twelve-month revenue with a -6.0% profit margin.

Revenue growth is +5.9% quarter-over-quarter, while maintaining an operating margin of +3.4% and return on equity of -19.9%.

Valuation Metrics

Market Cap $228.13M
Enterprise Value $189.44M
P/E Ratio -57.1x
PEG Ratio 70.5x
Price/Sales 0.4x

Growth & Margins

Revenue Growth (YoY) +5.9%
Gross Margin +25.9%
Operating Margin +3.4%
Net Margin -6.0%
EPS Growth +8.8%

Financial Health

Cash/Price Ratio +15.7%
Current Ratio 1.3x
Debt/Equity 45.0x
ROE -19.9%
ROA +3.2%

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High Tide Inc. (HITI) Company Overview

About High Tide Inc.

What They Do

Engages in the cannabis retail business.

Business Model

The company operates licensed retail cannabis stores and generates revenue through both retail and wholesale segments. It also provides data analytics services and manufactures consumption accessories, which are sold through e-commerce platforms under various brand names.

Additional Information

Founded in 2009 and headquartered in Calgary, Canada, High Tide Inc. was previously known as High Tide Ventures Inc. The company has a diverse product offering and operates in multiple regions, positioning itself as a key player in the cannabis industry.

Company Information

Sector

Healthcare

Industry

Pharmaceutical Retailers

Employees

1,550

CEO

Mr. Harkirat Grover

Country

Canada

IPO Year

2021

High Tide Inc. (HITI) Latest News & Analysis

HITI stock latest news image
Quick Summary

High Tide, Canada's largest cannabis retailer, is acquiring a majority stake in Purecan to enter Germany's growing medical cannabis market.

Why It Matters

High Tide's expansion into Germany signals potential revenue growth in a lucrative market, enhancing its competitive position and attracting investor interest in the cannabis sector.

Source: Seeking Alpha
Market Sentiment: Positive
HITI stock latest news image
Quick Summary

High Tide Inc. (HITI) closed at $2.82, reflecting a 1.81% increase from the previous trading day.

Why It Matters

High Tide Inc.'s slight increase in stock price indicates positive market sentiment, which may attract more investors and potentially enhance future trading activity.

Source: Zacks Investment Research
Market Sentiment: Positive
HITI stock latest news image
Quick Summary

Wall Street analysts' ratings influence investor decisions and can impact stock prices, but the significance of these recommendations varies among investors.

Why It Matters

Wall Street analyst ratings can significantly influence stock prices, reflecting market sentiment and potential future performance, guiding investor decisions in volatile conditions.

Source: Zacks Investment Research
Market Sentiment: Positive
HITI stock latest news image
Quick Summary

High Tide Inc. (NASDAQ:HITI) will hold its Q4 2024 earnings conference call on January 30, 2025, at 11:30 AM ET, featuring CEO Raj Grover and CFO Mayank Mahajan.

Why It Matters

High Tide Inc.'s upcoming earnings call could reveal key insights into its financial performance and strategic direction, influencing investor sentiment and stock valuation.

Source: Seeking Alpha
Market Sentiment: Neutral
HITI stock latest news image
Quick Summary

High Tide's Q4 showed revenue growth and increased market share in Canadian cannabis retail. They acquired 51% of Purecan, enhancing their position in Germany. HITI stock is estimated to have 85% upside potential.

Why It Matters

Strong Q4 revenue growth and market share gains enhance High Tide's position, while the Purecan acquisition opens up the German market, suggesting significant upside potential for HITI stock.

Source: Seeking Alpha
Market Sentiment: Positive
HITI stock latest news image
Quick Summary

The Company reported record annual revenue of $522.3 million and achieved positive free cash flow of $5.9 million for the sixth consecutive quarter. It has 5.32 million members in its loyalty program.

Why It Matters

Record revenue and consistent positive cash flow signal strong financial health, attracting potential investors. A growing loyalty program enhances customer retention and future earnings prospects.

Source: PRNewsWire
Market Sentiment: Neutral

Frequently Asked Questions About HITI Stock

What is High Tide Inc.'s (HITI) stock forecast for 2025?

Based on our analysis of 3 Wall Street analysts, High Tide Inc. (HITI) has a median price target of $4.50. The highest price target is $4.50 and the lowest is $4.50.

Is HITI stock a good investment in 2025?

According to current analyst ratings, HITI has 5 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $2.84. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for HITI stock?

Wall Street analysts predict HITI stock could reach $4.50 in the next 12 months. This represents a 58.5% increase from the current price of $2.84. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is High Tide Inc.'s business model?

The company operates licensed retail cannabis stores and generates revenue through both retail and wholesale segments. It also provides data analytics services and manufactures consumption accessories, which are sold through e-commerce platforms under various brand names.

What is the highest forecasted price for HITI High Tide Inc.?

The highest price target for HITI is $4.50 from Scott Fortune at Roth MKM, which represents a 58.5% increase from the current price of $2.84.

What is the lowest forecasted price for HITI High Tide Inc.?

The lowest price target for HITI is $4.50 from Scott Fortune at Roth MKM, which represents a 58.5% increase from the current price of $2.84.

What is the overall HITI consensus from analysts for High Tide Inc.?

The overall analyst consensus for HITI is bullish. Out of 3 Wall Street analysts, 5 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $4.50.

How accurate are HITI stock price projections?

Stock price projections, including those for High Tide Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.