Fundamentals to Watch About High Tide (HITI)

Small-cap healthcare company High Tide has moved -0.7% this morning, reaching $1.33 per share. In contrast, the average analyst target price for the stock is $4.5.

High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally. The company is based in Canada.

What to Consider if You Are Thinking of Buying High Tide:

  • High Tide has moved -54.9% over the last year.

  • HITI has a forward P/E ratio of -44.3 based on its EPS guidance of -0.03.

  • Over the last 4 years, earnings per share (EPS) have been growing at a compounded average rate of 20.7%.

  • Its Price to Book (P/B) ratio is 0.63

High Tide Has Irregular and Negative Cash Flows

Date Reported Cash Flow from Operations ($ k) Capital expenditures ($ k) Free Cashflow ($ k) YoY Growth (%)
2022-10-31 4,495 -9,055 -4,560 66.32
2021-10-31 -2,825 -10,713 -13,538 -322.63
2020-10-31 8,850 -2,769 6,081 124.09
2019-10-31 -14,833 -10,407 -25,240 n/a

High Tide has negative and highly variable free cash flows. They've averaged $-9.31 Million over the last 4 years, during which time they grew at a 34.8% compounded rate while displaying a coefficient of variability of 142.8%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.