High Tide Stock Beta
| HITI Stock | USD 2.36 0.17 7.76% |
High Tide fundamentals help investors to digest information that contributes to High Tide's financial success or failures. It also enables traders to predict the movement of High Stock. The fundamental analysis module provides a way to measure High Tide's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to High Tide stock.
High | Beta |
High Tide Company Beta Analysis
High Tide's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current High Tide Beta | 0.89 |
Most of High Tide's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, High Tide is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
High Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for High Tide is extremely important. It helps to project a fair market value of High Stock properly, considering its historical fundamentals such as Beta. Since High Tide's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of High Tide's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of High Tide's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, High Tide has a Beta of 0.888. This is 3.26% higher than that of the Consumer Staples Distribution & Retail sector and significantly higher than that of the Consumer Staples industry. The beta for all United States stocks is notably lower than that of the firm.
High Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses High Tide's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of High Tide could also be used in its relative valuation, which is a method of valuing High Tide by comparing valuation metrics of similar companies.High Tide is currently under evaluation in beta category among its peers.
High Tide Current Valuation Drivers
We derive many important indicators used in calculating different scores of High Tide from analyzing High Tide's financial statements. These drivers represent accounts that assess High Tide's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of High Tide's important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 303.0M | 124.3M | 147.9M | 315.1M | 283.6M | 297.8M | |
| Enterprise Value | 344.4M | 169.1M | 190.3M | 342.4M | 308.2M | 159.6M |
High Tide ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, High Tide's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to High Tide's managers, analysts, and investors.Environmental | Governance | Social |
High Tide Institutional Holders
Institutional Holdings refers to the ownership stake in High Tide that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of High Tide's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing High Tide's value.| Shares | Millennium Management Llc | 2024-12-31 | 123 K | Jw Asset Management, Llc | 2024-12-31 | 102.1 K | Federation Des Caisses Desjardins Du Quebec | 2024-12-31 | 95.3 K | Morgan Stanley - Brokerage Accounts | 2024-12-31 | 74.7 K | Royal Bank Of Canada | 2024-12-31 | 73.5 K | Jane Street Group Llc | 2024-12-31 | 53.1 K | Lazard Asset Management Llc | 2024-12-31 | 51.5 K | Centiva Capital Lp | 2024-12-31 | 49.7 K | Group One Trading, Lp | 2024-12-31 | 49.5 K | Advisorshares Investments, Llc | 2024-12-31 | 1.4 M | Renaissance Technologies Corp | 2024-12-31 | 839.6 K |
High Tide returns are very sensitive to returns on the market. As the market goes up or down, High Tide is expected to follow.
High Fundamentals
| Return On Equity | -0.0273 | ||||
| Return On Asset | 0.0399 | ||||
| Profit Margin | (0.01) % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 213.6 M | ||||
| Shares Outstanding | 80.9 M | ||||
| Shares Owned By Insiders | 14.12 % | ||||
| Shares Owned By Institutions | 10.10 % | ||||
| Number Of Shares Shorted | 4.02 M | ||||
| Price To Book | 1.92 X | ||||
| Price To Sales | 0.37 X | ||||
| Revenue | 142.5 M | ||||
| Gross Profit | 142.5 M | ||||
| EBITDA | 33.78 M | ||||
| Net Income | (3.81 M) | ||||
| Cash And Equivalents | 18.74 M | ||||
| Cash Per Share | 0.27 X | ||||
| Total Debt | 74.61 M | ||||
| Debt To Equity | 0.31 % | ||||
| Current Ratio | 1.23 X | ||||
| Book Value Per Share | 1.77 X | ||||
| Cash Flow From Operations | 35.55 M | ||||
| Short Ratio | 6.13 X | ||||
| Earnings Per Share | (0.03) X | ||||
| Target Price | 4.5 | ||||
| Number Of Employees | 1.75 K | ||||
| Beta | 0.89 | ||||
| Market Capitalization | 194.31 M | ||||
| Total Asset | 246.21 M | ||||
| Retained Earnings | (205.93 M) | ||||
| Working Capital | 24.31 M | ||||
| Net Asset | 246.21 M |
About High Tide Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze High Tide's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of High Tide using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of High Tide based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When determining whether High Tide offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of High Tide's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of High Tide Stock. Outlined below are crucial reports that will aid in making a well-informed decision on High Tide Stock:Check out High Tide Piotroski F Score and High Tide Altman Z Score 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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 (0.03) | Revenue Per Share | Quarterly Revenue Growth 0.088 | Return On Assets | Return On Equity |
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.