High Tide Inc. (NASDAQ:HITI - Free Report) - Analysts at Roth Capital reduced their Q2 2025 earnings per share estimates for High Tide in a report released on Wednesday, March 19th. Roth Capital analyst W. Kirk now expects that the company will earn ($0.02) per share for the quarter, down from their prior forecast 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 - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $100.25 million during the quarter, compared to analyst estimates of $138.83 million. High Tide had a negative net margin of 0.81% and a negative return on equity of 2.93%.
High Tide Trading Down 1.4 %
NASDAQ:HITI traded down $0.03 on Monday, reaching $2.05. 286,411 shares of the stock traded hands, compared to its average volume of 684,349. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. High Tide has a 1-year low of $1.57 and a 1-year high of $3.62. The company's 50 day moving average is $2.58 and its 200-day moving average is $2.69. The firm has a market capitalization of $165.92 million, a price-to-earnings ratio of -68.33 and a beta of 0.48.
Institutional Investors Weigh In On High Tide
Several large investors have recently modified their holdings of the company. Jane Street Group LLC boosted 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 valued at $72,000 after acquiring an additional 13,052 shares during the last quarter. Benin Management CORP lifted its stake in shares of High Tide by 100.0% in the 4th quarter. Benin Management CORP now owns 20,000 shares of the company's stock valued at $62,000 after purchasing an additional 10,000 shares during the period. Chicago Partners Investment Group LLC bought a new stake in shares of High Tide during the 4th quarter valued at about $451,000. SBI Securities Co. Ltd. acquired a new stake in High Tide during the fourth quarter worth approximately $146,000. Finally, Northwest & Ethical Investments L.P. increased its holdings in 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 worth $69,000 after purchasing an additional 20,391 shares in the last quarter. 4.52% of the stock is currently owned by institutional investors and hedge funds.
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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