Roth Capital Reiterates Buy Rating for High Tide (NASDAQ:HITI)

High Tide (NASDAQ:HITI - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Roth Capital in a report issued on Wednesday, MarketBeat.com reports. They currently have a $5.00 price target on the stock, up from their prior price target of $4.50. Roth Capital's price target would suggest a potential upside of 125.23% from the stock's previous close. Roth Capital also issued estimates for High Tide's Q1 2026 earnings at $0.00 EPS, Q2 2026 earnings at $0.01 EPS, Q3 2026 earnings at $0.01 EPS and Q4 2026 earnings at $0.01 EPS.

High Tide Price Performance

High Tide stock traded up $0.02 during midday trading on Wednesday, reaching $2.22. The company's stock had a trading volume of 342,484 shares, compared to its average volume of 581,476. High Tide has a fifty-two week low of $1.57 and a fifty-two week high of $3.62. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.95 and a current ratio of 1.57. The stock's 50 day simple moving average is $2.31 and its 200 day simple moving average is $2.55. The firm has a market capitalization of $179.91 million, a PE ratio of -27.75 and a beta of 0.52.

High Tide (NASDAQ:HITI - Get Free Report) last announced its quarterly earnings results on Monday, June 16th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). High Tide had a negative net margin of 1.71% and a negative return on equity of 6.45%. The firm had revenue of $99.86 million during the quarter, compared to analysts' expectations of $138.50 million. On average, equities research analysts forecast that High Tide will post -0.04 earnings per share for the current year.

Institutional Trading of High Tide

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its position in High Tide by 50.6% during the 4th quarter. Jane Street Group LLC now owns 53,089 shares of the company's stock worth $163,000 after purchasing an additional 17,837 shares in the last quarter. Northwest & Ethical Investments L.P. increased its position in High Tide by 1,026.2% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 22,378 shares of the company's stock worth $69,000 after purchasing an additional 20,391 shares in the last quarter. Bank of America Corp DE purchased a new stake in High Tide during the 4th quarter worth about $72,000. SBI Securities Co. Ltd. purchased a new stake in High Tide during the 4th quarter worth about $146,000. Finally, Lazard Asset Management LLC increased its position in High Tide by 8,334.5% during the 4th quarter. Lazard Asset Management LLC now owns 51,535 shares of the company's stock worth $159,000 after purchasing an additional 50,924 shares in the last 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.