High Tide FY2027 EPS Estimate Lowered by Atb Cap Markets

High Tide Inc. (NASDAQ:HITI) – Investment analysts at Atb Cap Markets decreased their FY2027 earnings per share estimates for shares of High Tide in a research note issued to investors on Friday, January 31st. Atb Cap Markets analyst F. Gomes now expects that the company will earn $0.19 per share for the year, down from their prior estimate of $0.26. The consensus estimate for High Tide’s current full-year earnings is $0.01 per share. Atb Cap Markets also issued estimates for High Tide’s FY2028 earnings at $0.30 EPS.

High Tide (NASDAQ:HITI) last released its quarterly earnings results on Wednesday, January 29th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). High Tide had a negative net margin of 0.81% and a negative return on equity of 2.94%.

Separately, Roth Capital raised High Tide to a “strong-buy” rating in a research note on Friday, November 8th.

High Tide Stock Performance

NASDAQ HITI opened at $2.79 on Monday. High Tide has a 12-month low of $1.57 and a 12-month high of $3.62. The firm has a market cap of $225.71 million, a P/E ratio of -93.00 and a beta of 0.48. The company has a quick ratio of 0.78, a current ratio of 1.26 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $3.11 and its 200-day moving average is $2.55.

Institutional Trading of High Tide

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HITI. Jane Street Group LLC grew its holdings in shares of High Tide by 58.8% in the third quarter. Jane Street Group LLC now owns 35,252 shares of the company’s stock valued at $72,000 after purchasing an additional 13,052 shares in the last quarter. Benin Management CORP increased its position in shares of High Tide by 100.0% during the fourth quarter. Benin Management CORP now owns 20,000 shares of the company’s stock worth $62,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new position in High Tide in the 4th quarter worth $451,000. 4.52% of the stock is owned by hedge funds and other 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.