Brokers Set Expectations for High Tide FY2025 Earnings

High Tide Inc. (NASDAQ:HITI - Free Report) - Equities researchers at Atb Cap Markets issued their FY2025 earnings per share (EPS) estimates for High Tide in a note issued to investors on Monday, December 16th. Atb Cap Markets analyst F. Gomes forecasts that the company will post earnings of ($0.06) per share for the year. 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 FY2026 earnings at $0.13 EPS, FY2027 earnings at $0.26 EPS and FY2028 earnings at $0.42 EPS.

Several other equities analysts also recently commented on the company. Roth Capital upgraded High Tide to a "strong-buy" rating in a research report on Friday, November 8th. Roth Mkm reissued a "buy" rating and set a $4.50 target price on shares of High Tide in a research note on Wednesday, September 18th.

High Tide Price Performance

Shares of HITI traded down $0.08 during trading hours on Thursday, reaching $2.94. 841,330 shares of the stock traded hands, compared to its average volume of 603,368. High Tide has a 52-week low of $1.52 and a 52-week high of $3.62. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20. The company has a market cap of $236.51 million, a P/E ratio of -10.50 and a beta of 0.47. The company's 50-day moving average price is $2.89 and its two-hundred day moving average price is $2.38.

High Tide (NASDAQ:HITI - Get Free Report) last posted its quarterly earnings results on Monday, September 16th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.03. The business had revenue of $96.04 million during the quarter, compared to analyst estimates of $93.70 million. High Tide had a negative net margin of 6.14% and a positive return on equity of 2.06%. During the same period in the prior year, the business posted ($0.03) earnings per share.

Hedge Funds Weigh In On High Tide

A hedge fund recently raised its stake in High Tide stock. Perritt Capital Management Inc grew its position in shares of High Tide Inc. (NASDAQ:HITI - Free Report) by 92.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,000 shares of the company's stock after purchasing an additional 60,000 shares during the period. Perritt Capital Management Inc owned approximately 0.16% of High Tide worth $276,000 at the end of the most recent reporting period. Institutional investors own 4.52% of the company's stock.

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.