In a report released today, Andrew Semple from Echelon Wealth Partners reiterated a Buy rating on High Tide (HITI – Research Report), with a price target of C$9.00. The company’s shares closed today at $1.32.
According to TipRanks, Semple is an analyst with an average return of -13.1% and a 19.05% success rate. Semple covers the Consumer Cyclical sector, focusing on stocks such as High Tide, Cresco Labs, and Fire & Flower Holdings.
High Tide has an analyst consensus of Moderate Buy, with a price target consensus of $6.76.
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HITI market cap is currently C$128.3M and has a P/E ratio of -1.76.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HITI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
High Tide, Inc. operates as a counterculture chain, which engages in the manufacture and retail of cannabis accessories. The firm operates through the Wholesale and Retail business segments. Its brands include: Famous Brandz, RGR, Smoker’s Corner, Canna Cabana, KushBar, and Kush West. The company was founded by Harkirat Grover in 2009 and is headquartered in Calgary, Canada.
Read More on HITI:
- High Tide (TSXV:HITI) Beats Q2 Estimates, Reports 46% Revenue Growth
- High Tide reports Q2 EPS (2c) vs. (14c) a year ago
- High Tide Reports Third Consecutive Quarter of Record Revenue and Adjusted EBITDA of $118.1 Million and $6.6 Million, Respectively
- HITI Upcoming Earnings Report: What to Expect?
- High Tide to Announce Second Quarter 2023 Financial Results and Acquisition of Remaining Interest of FABCBD
