Atb Cap Markets Forecasts High Tide FY2025 Earnings

High Tide Inc. (NASDAQ:HITI) – Stock analysts at Atb Cap Markets issued their FY2025 earnings per share estimates for shares of High Tide in a research report issued to clients and investors on Monday, December 16th. Atb Cap Markets analyst F. Gomes anticipates that the company will earn ($0.06) per share for the year. The consensus estimate for High Tide’s current full-year earnings is ($0.01) per share. Atb Cap Markets also issued estimates for High Tide’s FY2026 earnings at $0.13 EPS, FY2027 earnings at $0.26 EPS and FY2028 earnings at $0.42 EPS.

Several other equities research analysts have also issued reports on the company. Roth Mkm reaffirmed a “buy” rating and issued a $4.50 price objective on shares of High Tide in a research note on Wednesday, September 18th. Roth Capital upgraded High Tide to a “strong-buy” rating in a research report on Friday, November 8th.

High Tide Trading Down 0.3 %

Shares of NASDAQ:HITI traded down $0.01 during trading on Thursday, reaching $3.01. The company’s stock had a trading volume of 142,400 shares, compared to its average volume of 600,333. The firm’s 50 day simple moving average is $2.88 and its two-hundred day simple moving average is $2.37. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20. High Tide has a 12 month low of $1.52 and a 12 month high of $3.62. The stock has a market capitalization of $242.14 million, a PE ratio of -10.75 and a beta of 0.47.

High Tide (NASDAQ:HITI) last issued its quarterly earnings data on Monday, September 16th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $96.04 million during the quarter, compared to analysts’ expectations of $93.70 million. High Tide had a negative net margin of 6.14% and a positive return on equity of 2.06%. During the same period last year, the company posted ($0.03) EPS.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in High Tide stock. Jane Street Group LLC lifted its stake in High Tide Inc. (NASDAQ:HITI) by 58.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,252 shares of the company’s stock after purchasing an additional 13,052 shares during the period. Jane Street Group LLC’s holdings in High Tide were worth $72,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 4.52% of the company’s stock.

About High Tide

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.