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How to Buy High Tide Stock

High Tide Inc

High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally. The company designs, manufactures, and distributes smoking accessories and cannabis lifestyle products.

High Tide stock last closed at $2.06, up 5.1% from the previous day, and has increased 79.13% in one year. It has overperformed other stocks in the Pharmaceutical Retailers industry by 1.48 percentage points. High Tide stock is currently +80.7% from its 52-week low of $1.14, and -10.43% from its 52-week high of $2.30.

As of Mar 27, 2024, there are 78.56M HITI shares outstanding. The market cap of HITI is $161.83M. In the last 24 hours, 844,477 HITI shares were traded.

How to Buy High Tide Stock

Wondering how to invest in High Tide stock? Here's how.
  1. Figure out where to buy High Tide stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy High Tide stock.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Choose your method of payment and add your details.
  4. Evaluate High Tide stock: The High Tide ticker symbol is HITI. Is High Tide stock a good investment? Should you buy shares of HITI? How do HITI's underlying business fundamentals look? Do top analysts think High Tide is a good buy? Why has HITI's stock price moved recently? (Hint: Our stock research website can help you decide if HITI is a good stock to buy).
  5. Place your HITI purchase: Decide if you will purchase HITI shares at the current market price or use a limit order to buy HITI shares at a particular price.
  6. Watch your HITI investment: Create a watchlist to keep tabs on your new investment in High Tide stock.

Step 1: Figure out where to buy High Tide stock

You will need a brokerage account in order to access the NASDAQ market and buy HITI shares.

A brokerage account enables you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've selected the best brokerage, it's time to fill out some personal info so you can invest in HITI stock today.

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  2. Enter your personal details to create a new brokerage account.
  1. Send your details by hitting the "Create Account" button.
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Step 3: Deposit money your investment account

Now that you've filled out your info on the best stock market app, you can securely and quickly fund your account:

Watch the video below to see the process of transferring funds into your new investment account.

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Step 4: Evaluate High Tide stock

After you have selected the best place to buy High Tide stock, it's critical to evaluate their stock before you invest, so you truly understand the risk as well as the opportunity.

High Tide shares quick numbers

HITI Price
$2.06
1w %
16.38%
1y %
79.13%
5y %
N/A
P/E
-4.38x
P/B
1.18x
P/S
0.33x
PEG
N/A
Revenue
$497.66M
Earnings
-$35.54M
Fore. Rev. Growth
4.61%
Fore. Earn. Growth
N/A
Market Cap
$161.83M
Next Earnings
N/A
Next Dividend
N/A

HITI Due Diligence Checks

WallStreetZen was created to help average investors do more in-depth fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on HITI's stock page.

Is HITI stock undervalued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge HITI's true value.

Using relative valuations metrics:

  • HITI could be overvalued based on its P/B ratio of 1.18x, relative to Pharmaceutical Retailers industry P/B ratio of 0.94x

You can access more valuation analysis on HITI's stock here.

HITI Financial Health

Passed Health Checks:

  • There are more short-term assets than long-term liabilities on the HITI balance sheet.
  • HITI's operating cash flow of $25.42M allows it to safely service it's debt of $65.31M.
  • HITI profit margin has gone up from -17% to -7.1% in the past year.
  • There are more short-term assets than short-term liabilities on the HITI balance sheet.

Failed Health Checks:

  • HITI has a relatively high debt to equity ratio of 0.63.
  • HITI earnings of -$27.98M is not sufficient to cover its interest payments.

Is HITI stock a Buy, Hold, or Sell, according to analysts?

Out of 1 Equities analysts who give ratings on HITI, the consensus analyst rating on HITI is a Strong Buy

Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.

You can dive deeper into what analysts are projecting on the High Tide stock forecast page.

HITI Technical Indicators

SMA10
1.82
SMA20
1.75
SMA50
1.79
SMA100
1.67
SMA200
1.55
MACD
0.05
MACD Signal
0.01
MACD Histogram
0.04
RSI
69.75
Stochastic %K
92.34
Stochastic %D
89.69
StochRSI %K
100
StochRSI %D
97.89

Is HITI Making Money?

Last year, HITI revenue was $497.66M. Over the last three year, HITI's revenue has grown by 153.45% per year. This was faster than the Pharmaceutical Retailers industry average of 2.73%.

Learn more about HITI's earnings and revenue performance here.

Latest Insiders Trades at HITI

In the past year, insiders at HITI have not bought or sold any shares.

Get more info about who owns HITI shares here.

Can I get consistent income from HITI stock?

No, High Tide doesn't provide an income stream by paying out dividends.

What others are saying about HITI

One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.

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Step 5: Place your HITI purchase

There are two main options:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are usually fine.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a given price, place a limit order.

Press the Open button and eToro will place the order.

If you want additional info about investing in stocks on eToro, click the how to video below:

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Step 6: Watch your HITI investment

Now that you own some HITI stock, you'll want to keep up with your investment.

Create a watchlist to keep tabs on your HITI stock.

HITI Feed

How to Buy Stock in High Tide

To reiterate, here are the 6 steps you need to take to buy High Tide stock right now:

  1. Figure out where to buy High Tide stock
  2. Sign up for a brokerage account
  3. Deposit money your investment account
  4. Evaluate High Tide stock
  5. Place your HITI purchase
  6. Watch your HITI investment

If you require a brokerage account, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep tabs on your new investment in High Tide, create a watchlist today.

NASDAQ: HITI
$2.06+0.10 (+5.1%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: HITI
$2.06+0.10 (+5.1%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one High Tide share?

As of Mar 27, 2024, it costs $2.06 to buy one share of High Tide stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.485 shares of HITI.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy High Tide stock?

According to 1 Wall Street analysts who monitor High Tide, their consensus recommendation is to buy High Tide stock.

What is the best way to buy High Tide stock?

One way to place an order for High Tide stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.