Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
High Tide ( (TSE:HITI) ) has shared an update.
High Tide Inc. announced the results of its annual general and special meeting of shareholders, where all nominees for the board of directors were elected, and key resolutions were approved, including the appointment of auditors and a Shareholder Rights Plan. These decisions reflect the company’s strategic direction and governance stability, potentially impacting its market positioning and stakeholder confidence.
The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on High Tide stock, see the TSE:HITI Stock Forecast page.
Spark’s Take on TSE:HITI Stock
According to Spark, TipRanks’ AI Analyst, TSE:HITI is a Neutral.
High Tide’s overall score reflects strong revenue growth and strategic expansion, tempered by ongoing profitability challenges and weak market momentum. While technical indicators suggest short-term bearishness, the company’s focus on long-term growth and operational improvements provide a cautiously optimistic outlook.
To see Spark’s full report on TSE:HITI stock, click here.
More about High Tide
High Tide Inc. is a leading retail-forward cannabis enterprise, recognized as the second-largest cannabis retailer globally by store count. The company operates a diversified and integrated business model that includes bricks and mortar retail through Canna Cabana, retail innovation with Fastendr technology, e-commerce platforms for consumption accessories, a variety of consumer-facing brands, CBD products, wholesale distribution, and licensing agreements. High Tide has been acknowledged for its growth and innovation, being named one of Canada’s Top Growing Companies and ranked highly on the Financial Times list of Americas’ Fastest Growing Companies.
Average Trading Volume: 56,482
Technical Sentiment Signal: Sell
Current Market Cap: C$244.4M
See more insights into HITI stock on TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue