Research Analysts Offer Predictions for High Tide Inc.’s FY2025 Earnings (NASDAQ:HITI)

High Tide Inc. (NASDAQ:HITI) – Equities researchers at Roth Capital reduced their FY2025 earnings per share (EPS) estimates for High Tide in a research note issued on Monday, June 17th. Roth Capital analyst S. Fortune now anticipates that the company will post earnings of $0.04 per share for the year, down from their prior estimate of $0.12. The consensus estimate for High Tide’s current full-year earnings is $0.01 per share.

Several other equities analysts have also issued reports on the company. TheStreet raised High Tide from a “d” rating to a “c-” rating in a research note on Friday, March 15th. Roth Mkm reiterated a “buy” rating and issued a $4.50 price objective on shares of High Tide in a report on Monday, March 25th.

High Tide Price Performance

High Tide stock opened at $2.52 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 1.17. High Tide has a 52 week low of $1.14 and a 52 week high of $2.85. The firm has a market cap of $202.72 million, a P/E ratio of -7.88 and a beta of 0.49. The business’s fifty day moving average is $2.34 and its two-hundred day moving average is $1.99.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Hillsdale Investment Management Inc. acquired a new stake in High Tide during the 4th quarter worth approximately $1,134,000. JW Asset Management LLC increased its stake in High Tide by 36.2% during the 4th quarter. JW Asset Management LLC now owns 102,144 shares of the company’s stock worth $166,000 after acquiring an additional 27,144 shares during the period. Virtu Financial LLC bought a new position in shares of High Tide in the 1st quarter valued at $153,000. Quadrature Capital Ltd bought a new position in shares of High Tide in the 1st quarter valued at $32,000. Finally, Perritt Capital Management Inc. bought a new position in shares of High Tide in the 1st quarter valued at $132,000. 4.52% of the stock is currently owned by institutional investors.

About High Tide

High Tide Inc engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories.