Ventum Cap Mkts Forecasts Reduced Earnings for High Tide

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.

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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

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.