Research Analysts Offer Predictions for High Tide Inc.’s FY2025 Earnings (NASDAQ:HITI)

High Tide Inc. (NASDAQ:HITI) – Roth Capital reduced their FY2025 earnings estimates for shares of High Tide in a research report issued to clients and investors on Monday, June 17th. Roth Capital analyst S. Fortune now forecasts that the company will post earnings per share of $0.04 for the year, down from their previous forecast of $0.12. The consensus estimate for High Tide’s current full-year earnings is $0.01 per share.

Several other research analysts also recently weighed in on HITI. TheStreet raised shares of High Tide from a “d” rating to a “c-” rating in a report on Friday, March 15th. Roth Mkm reissued a “buy” rating and set a $4.50 price objective on shares of High Tide in a report on Monday, March 25th.

High Tide Trading Up 3.3 %

Shares of High Tide stock opened at $2.52 on Wednesday. The company has a market capitalization of $202.72 million, a P/E ratio of -7.88 and a beta of 0.49. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 1.17. The company has a fifty day moving average of $2.34 and a 200 day moving average of $1.99. High Tide has a fifty-two week low of $1.14 and a fifty-two week high of $2.85.

Institutional Trading of High Tide

Several hedge funds have recently made changes to their positions in the business. Revisor Wealth Management LLC purchased a new stake in shares of High Tide during the 1st quarter valued at about $27,000. Quadrature Capital Ltd purchased a new stake in High Tide in the 1st quarter worth about $32,000. JW Asset Management LLC raised its position in High Tide by 36.2% in the 4th quarter. JW Asset Management LLC now owns 102,144 shares of the company’s stock worth $166,000 after purchasing an additional 27,144 shares during the period. Perritt Capital Management Inc. purchased a new stake in High Tide in the 1st quarter worth about $132,000. Finally, Virtu Financial LLC purchased a new stake in High Tide in the 1st quarter worth about $153,000. 4.52% of the stock is currently owned by hedge funds and other institutional investors.

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.