FY2025 EPS Estimates for High Tide Raised by Roth Capital

Key Points

• Roth Capital has raised its FY2025 EPS estimates for High Tide Inc. to ($0.04) from the previous ($0.05) and maintains a "Buy" rating with a target price of $5.00.
• High Tide reported a quarterly earnings result of $0.01 per share, exceeding the consensus estimate of ($0.01), despite having a negative net margin of 1.66%.
• Institutional investors have increased their holdings in High Tide, with Osaic Holdings Inc. raising its position by 82,976.9% during the second quarter.

High Tide Inc. (NASDAQ:HITI - Free Report) - Equities researchers at Roth Capital boosted their FY2025 earnings per share (EPS) estimates for High Tide in a research note issued on Tuesday, September 16th. Roth Capital analyst W. Kirk now anticipates that the company will post earnings of ($0.04) per share for the year, up from their prior estimate of ($0.05). Roth Capital has a "Buy" rating and a $5.00 price objective on the stock. 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 Q4 2026 earnings at $0.02 EPS and FY2026 earnings at $0.06 EPS.

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

Several other brokerages have also issued reports on HITI. Wall Street Zen upgraded High Tide from a "hold" rating to a "buy" rating in a research note on Saturday. Haywood Securities raised High Tide to a "strong-buy" rating in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Strong Buy" and an average price target of $5.00.

High Tide Stock Performance

Shares of HITI traded down $0.01 during mid-day trading on Friday, reaching $3.64. The company's stock had a trading volume of 274,188 shares, compared to its average volume of 607,875. High Tide has a 1-year low of $1.64 and a 1-year high of $4.06. The stock has a market cap of $317.08 million, a P/E ratio of -45.56 and a beta of 0.58. The business has a 50-day simple moving average of $2.91 and a two-hundred day simple moving average of $2.47. The company has a current ratio of 1.85, a quick ratio of 1.29 and a debt-to-equity ratio of 0.42.

Institutional Trading of High Tide

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its position in shares of High Tide by 50.6% during the fourth quarter. Jane Street Group LLC now owns 53,089 shares of the company's stock worth $163,000 after acquiring an additional 17,837 shares during the period. Bank of America Corp DE purchased a new position in shares of High Tide during the fourth quarter worth approximately $72,000. Lazard Asset Management LLC increased its holdings in High Tide by 8,334.5% during the fourth quarter. Lazard Asset Management LLC now owns 51,535 shares of the company's stock valued at $159,000 after buying an additional 50,924 shares during the period. Two Sigma Investments LP increased its holdings in High Tide by 146.0% during the fourth quarter. Two Sigma Investments LP now owns 311,304 shares of the company's stock valued at $962,000 after buying an additional 184,780 shares during the period. Finally, State of Wyoming grew its holdings in High Tide by 55.7% in the first quarter. State of Wyoming now owns 242,241 shares of the company's stock worth $458,000 after purchasing an additional 86,682 shares during the last quarter. 4.52% of the stock is owned by hedge funds and other 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.