Comparing High Tide (HITI) & Its Rivals

High Tide (NASDAQ: HITI) is one of 25 public companies in the “Retail stores, not elsewhere classified” industry, but how does it weigh in compared to its rivals? We will compare High Tide to similar companies based on the strength of its dividends, profitability, valuation, institutional ownership, risk, earnings and analyst recommendations.

Analyst Recommendations

This is a summary of recent recommendations and price targets for High Tide and its rivals, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
High Tide 0 1 3 0 2.75
High Tide Competitors 142 702 1055 53 2.52

High Tide presently has a consensus target price of $13.56, indicating a potential upside of 104.25%. As a group, “Retail stores, not elsewhere classified” companies have a potential upside of 11.63%. Given High Tide’s stronger consensus rating and higher probable upside, analysts clearly believe High Tide is more favorable than its rivals.

Earnings & Valuation

This table compares High Tide and its rivals top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
High Tide $61.92 million -$4.73 million -110.67
High Tide Competitors $8.29 billion $479.17 million -9.79

High Tide’s rivals have higher revenue and earnings than High Tide. High Tide is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares High Tide and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
High Tide -21.02% -32.36% -15.52%
High Tide Competitors -16.79% 14.55% 1.93%

Institutional and Insider Ownership

41.6% of shares of all “Retail stores, not elsewhere classified” companies are held by institutional investors. 13.5% of shares of all “Retail stores, not elsewhere classified” companies are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Summary

High Tide rivals beat High Tide on 9 of the 12 factors compared.

High Tide Company Profile

High Tide Inc. operates as a vertically-integrated company in the cannabis market in Canada, the United States, and internationally. It engages in the design, manufacture, and distribution of smoking accessories and cannabis lifestyle products. It is also involved in the wholesale and retailing of cannabis products, as well as operates and franchises licensed retail cannabis stores. In addition, the company provides data analytics services, as well as operates Grasscity.com and CBDcity.com platforms. As of June 3, 2021, it operated 88 retail locations in Canada. The company was formerly known as High Tide Ventures Inc. and changed its name to High Tide Inc. in October 2018. High Tide Inc. was founded in 2009 and is headquartered in Calgary, Canada.

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