FY2025 EPS Estimates for High Tide Decreased by Analyst

High Tide Inc. (NASDAQ:HITI) – Equities research analysts at Ventum Cap Mkts dropped their FY2025 earnings estimates for High Tide in a research report issued on Tuesday, March 18th. Ventum Cap Mkts analyst A. Semple now anticipates that the company will post earnings per share of ($0.04) for the year, down from their previous estimate of ($0.01). The consensus estimate for High Tide’s current full-year earnings is ($0.04) per share.

High Tide Price Performance

High Tide stock opened at $2.16 on Friday. The company’s 50 day simple moving average is $2.64 and its 200-day simple moving average is $2.69. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.40. High Tide has a 1 year low of $1.57 and a 1 year high of $3.62. The company has a market capitalization of $174.78 million, a price-to-earnings ratio of -72.00 and a beta of 0.48.

High Tide (NASDAQ:HITI) last posted its earnings results on Friday, March 21st. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). High Tide had a negative net margin of 0.81% and a negative return on equity of 2.93%. The business had revenue of $100.25 million during the quarter, compared to analysts’ expectations of $138.83 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Benin Management CORP lifted its stake in High Tide by 100.0% during the 4th quarter. Benin Management CORP now owns 20,000 shares of the company’s stock worth $62,000 after acquiring an additional 10,000 shares in the last quarter. Jane Street Group LLC boosted its stake 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 during the period. Northwest & Ethical Investments L.P. grew its holdings in shares of High Tide by 1,026.2% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 22,378 shares of the company’s stock valued at $69,000 after purchasing an additional 20,391 shares in the last quarter. Bank of America Corp DE purchased a new stake in High Tide during the 4th quarter worth approximately $72,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of High Tide during the fourth quarter worth $146,000. 4.52% of the stock is currently 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.