FY2025 EPS Estimates for High Tide Lowered by Analyst

High Tide Inc. (NASDAQ:HITIFree Report) – Equities researchers at Ventum Cap Mkts dropped their FY2025 EPS estimates for High Tide in a note issued to investors on Tuesday, March 18th. Ventum Cap Mkts analyst A. Semple now forecasts 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 (NASDAQ:HITIGet Free Report) last released its quarterly 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 firm had revenue of $100.25 million during the quarter, compared to the consensus estimate of $138.83 million.

High Tide Trading Up 0.9 %

NASDAQ:HITI opened at $2.16 on Friday. 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 $174.78 million, a price-to-earnings ratio of -72.00 and a beta of 0.48. The company has a quick ratio of 0.92, a current ratio of 1.40 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $2.64 and its 200-day moving average is $2.69.

Hedge Funds Weigh In On High Tide

A number of institutional investors and hedge funds have recently bought and sold shares of HITI. Benin Management CORP increased its position in 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 acquiring an additional 10,000 shares during the period. Northwest & Ethical Investments L.P. boosted its stake in High Tide by 1,026.2% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 22,378 shares of the company’s stock worth $69,000 after buying an additional 20,391 shares in the last quarter. Bank of America Corp DE acquired a new stake in High Tide during the fourth quarter worth $72,000. Jane Street Group LLC boosted its stake in High Tide by 58.8% during the third quarter. Jane Street Group LLC now owns 35,252 shares of the company’s stock worth $72,000 after buying an additional 13,052 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in High Tide during the fourth quarter worth $146,000. Institutional investors own 4.52% of the company’s stock.

About High Tide

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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.

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Earnings History and Estimates for High Tide (NASDAQ:HITI)

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