Roth Capital Has Bearish Estimate for High Tide Q2 Earnings

High Tide Inc. (NASDAQ:HITI) – Investment analysts at Roth Capital decreased their Q2 2025 earnings per share estimates for shares of High Tide in a report released on Wednesday, March 19th. Roth Capital analyst W. Kirk now forecasts that the company will post earnings of ($0.02) per share for the quarter, down from their previous estimate of ($0.01). The consensus estimate for High Tide’s current full-year earnings is ($0.04) per share. Roth Capital also issued estimates for High Tide’s FY2025 earnings at ($0.07) EPS.

High Tide (NASDAQ:HITI) last posted its quarterly earnings data on Friday, March 21st. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $138.83 million.

High Tide Stock Performance

NASDAQ:HITI opened at $2.18 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.40. The firm’s 50-day moving average is $2.62 and its 200-day moving average is $2.70. High Tide has a 52-week low of $1.57 and a 52-week high of $3.62. The company has a market cap of $176.40 million, a price-to-earnings ratio of -72.67 and a beta of 0.48.

Institutional Trading of High Tide

A number of hedge funds have recently modified their holdings of the company. Two Sigma Investments LP raised its stake in shares of High Tide by 146.0% in the fourth quarter. Two Sigma Investments LP now owns 311,304 shares of the company’s stock valued at $962,000 after purchasing an additional 184,780 shares in the last quarter. State of Wyoming acquired a new stake in High Tide during the fourth quarter worth $481,000. Lazard Asset Management LLC increased its holdings in High Tide by 8,334.5% in the 4th quarter. Lazard Asset Management LLC now owns 51,535 shares of the company’s stock valued at $159,000 after buying an additional 50,924 shares during the period. Bank of America Corp DE acquired a new position in shares of High Tide in the 4th quarter valued at $72,000. Finally, Jane Street Group LLC lifted its holdings in shares of High Tide by 50.6% during the 4th quarter. Jane Street Group LLC now owns 53,089 shares of the company’s stock worth $163,000 after acquiring an additional 17,837 shares during the period. Institutional investors own 4.52% of the company’s stock.

High Tide Company Profile

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.