HITI Should I Buy
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High Tide Inc is not a strong buy for a beginner investor with a long-term focus at this time. While the company has shown strong revenue growth and a positive analyst outlook, the technical indicators are bearish, and the stock has experienced significant recent price declines. Additionally, the financial performance shows a concerning drop in net income and EPS. Given the lack of strong trading signals and the current market sentiment, it is better to hold off on investing in this stock for now.
The technical indicators are bearish. The MACD is below 0 and negatively expanding, the RSI is neutral at 21.741, and the moving averages show a bearish trend (SMA_200 > SMA_20 > SMA_5). The stock is trading near its support level of 2.309, with resistance at 2.638.
Analysts have a positive outlook with a Buy rating and a price target of C$6.50-C$
Strong Q1 revenue growth of 25% YoY and adjusted EBITDA growth of 62%.
A rapidly growing 2.5M member loyalty program.
Recent price decline of -5.31% in the regular market and -1.22% in pre-market.
Net income dropped by -142.91% YoY, and EPS fell by -133.33% YoY.
Bearish technical indicators and weak short-term stock trend projections.
Concerns about market volatility in the cannabis sector.
In Q1 2026, revenue increased by 25.18% YoY to $178.3M, adjusted EBITDA rose by 62% to $11.5M, and free cash flow improved to $2.9M. However, net income dropped by -142.91% YoY to $1.2M, and EPS fell by -133.33% YoY to $0.01.
Analysts maintain a Buy rating with a price target range of C$6.50-C$7. High Tide is considered a top cannabis pick due to its market share, same-store sales growth, and store economics.
