FY2025 EPS Estimates for High Tide Lifted by Zacks Small Cap

High Tide Inc. (NASDAQ:HITI) – Equities researchers at Zacks Small Cap upped their FY2025 earnings estimates for High Tide in a report issued on Tuesday, September 16th. Zacks Small Cap analyst M. Kim now forecasts that the company will post earnings per share of ($0.03) for the year, up from their prior forecast of ($0.07). The consensus estimate for High Tide’s current full-year earnings is ($0.04) per share.

High Tide (NASDAQ:HITI) last released its earnings results on Monday, September 15th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. High Tide had a negative return on equity of 6.50% and a negative net margin of 1.66%.The firm had revenue of $108.04 million during the quarter, compared to the consensus estimate of $146.00 million.

Other equities analysts have also issued research reports about the stock. Haywood Securities upgraded shares of High Tide to a “strong-buy” rating in a research report on Friday, September 12th. Roth Capital reissued a “buy” rating and issued a $5.00 price target (up previously from $4.50) on shares of High Tide in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average price target of $5.00.

High Tide Trading Up 11.5%

Shares of High Tide stock opened at $3.98 on Thursday. The business has a fifty day simple moving average of $2.86 and a 200-day simple moving average of $2.45. The firm has a market cap of $346.58 million, a price-to-earnings ratio of -49.75 and a beta of 0.58. High Tide has a fifty-two week low of $1.64 and a fifty-two week high of $3.99. The company has a quick ratio of 0.97, a current ratio of 1.85 and a debt-to-equity ratio of 0.42.

Institutional Trading of High Tide

A number of institutional investors have recently bought and sold shares of HITI. Osaic Holdings Inc. grew its position in High Tide by 82,976.9% in the second quarter. Osaic Holdings Inc. now owns 10,800 shares of the company’s stock worth $25,000 after acquiring an additional 10,787 shares in the last quarter. Revisor Wealth Management LLC bought a new stake in shares of High Tide in the second quarter valued at about $32,000. StoneX Group Inc. acquired a new position in shares of High Tide in the second quarter valued at $46,000. Bank of America Corp DE acquired a new position in High Tide in the fourth quarter worth $72,000. Finally, Boothbay Fund Management LLC acquired a new position in High Tide during the 2nd quarter worth about $110,000. Institutional investors and hedge funds own 4.52% of the company’s stock.

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.