High Tide Inc. (NASDAQ:HITI - Free Report) - Equities research analysts at Ventum Cap Mkts reduced their FY2025 earnings per share estimates for shares of High Tide in a report issued on Tuesday, March 18th. Ventum Cap Mkts analyst A. Semple now forecasts that the company will post earnings of ($0.04) per share 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:HITI - Get Free Report) last issued its quarterly earnings data on Friday, March 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $100.25 million for the quarter, compared to the consensus estimate of $138.83 million. High Tide had a negative return on equity of 2.93% and a negative net margin of 0.81%.
High Tide Stock Down 1.8 %
HITI stock traded down $0.04 during trading hours on Friday, reaching $2.14. 325,794 shares of the stock were exchanged, compared to its average volume of 687,766. The firm's 50-day moving average is $2.60 and its 200-day moving average is $2.70. High Tide has a 12 month low of $1.57 and a 12 month high of $3.62. The company has a market cap of $173.16 million, a price-to-earnings ratio of -71.33 and a beta of 0.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.40 and a quick ratio of 0.92.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of HITI. Arrowstreet Capital Limited Partnership bought a new position in High Tide in the fourth quarter valued at $1,605,000. Renaissance Technologies LLC boosted its stake in shares of High Tide by 142.4% during the 4th quarter. Renaissance Technologies LLC now owns 839,600 shares of the company's stock worth $2,594,000 after buying an additional 493,300 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of High Tide by 755.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 240,288 shares of the company's stock valued at $738,000 after acquiring an additional 212,197 shares in the last quarter. Two Sigma Investments LP increased its position 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 acquiring an additional 184,780 shares during the last quarter. Finally, State of Wyoming bought a new stake in High Tide during the fourth quarter worth about $481,000. 4.52% of the stock is currently owned by institutional investors.
High Tide Company Profile
(
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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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