Analysts Offer Predictions for High Tide FY2027 Earnings

High Tide Inc. (NASDAQ:HITI - Free Report) - Equities research analysts at Atb Cap Markets lowered their FY2027 EPS estimates for shares of High Tide in a report issued on Friday, January 31st. Atb Cap Markets analyst F. Gomes now expects that the company will post earnings per share of $0.19 for the year, down from their prior forecast of $0.26. Atb Cap Markets also issued estimates for High Tide's FY2028 earnings at $0.30 EPS.

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

High Tide Price Performance

Shares of NASDAQ:HITI traded up $0.12 on Monday, hitting $2.94. The company had a trading volume of 506,643 shares, compared to its average volume of 741,943. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The company has a market cap of $237.85 million, a PE ratio of -98.00 and a beta of 0.46. High Tide has a 52-week low of $1.57 and a 52-week high of $3.62. The business has a 50 day moving average of $3.10 and a 200 day moving average of $2.56.

High Tide (NASDAQ:HITI - Get Free Report) last announced its 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 2.93%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Benin Management CORP lifted its stake in shares of 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 purchasing an additional 10,000 shares during the period. Jane Street Group LLC lifted its position 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 during the period. SBI Securities Co. Ltd. purchased a new position in High Tide during the fourth quarter worth about $146,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in High Tide in the 4th quarter worth about $451,000. 4.52% of the stock is currently owned by institutional investors and hedge funds.

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.