Ventum Cap Mkts Expects Reduced Earnings for High Tide

High Tide Inc. (NASDAQ:HITI) – Analysts at Ventum Cap Mkts decreased their FY2025 earnings estimates for shares of High Tide in a report issued on Tuesday, March 18th. Ventum Cap Mkts analyst A. Semple now expects that the company will earn ($0.04) per share for the year, down from their previous estimate of ($0.01). The consensus estimate for High Tide’s current full-year earnings is ($0.04) per share.

High Tide Stock Up 0.9 %

HITI stock opened at $2.16 on Friday. The company has a market cap of $174.78 million, a price-to-earnings ratio of -72.00 and a beta of 0.48. High Tide has a 12 month low of $1.57 and a 12 month high of $3.62. The company has a fifty day moving average price of $2.64 and a 200 day moving average price of $2.69. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.40 and a quick ratio of 0.92.

High Tide (NASDAQ:HITI) last issued its quarterly earnings data on Friday, March 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $100.25 million for the quarter, compared to analysts’ expectations of $138.83 million. High Tide had a negative return on equity of 2.93% and a negative net margin of 0.81%.

Institutional Investors Weigh In On High Tide

Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in High Tide by 142.4% during the fourth quarter. Renaissance Technologies LLC now owns 839,600 shares of the company’s stock worth $2,594,000 after purchasing an additional 493,300 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of High Tide during the 4th quarter worth approximately $1,605,000. Two Sigma Investments LP lifted its holdings in shares of High Tide by 146.0% in the 4th 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. Hillsdale Investment Management Inc. lifted its holdings in shares of High Tide by 755.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 240,288 shares of the company’s stock valued at $738,000 after buying an additional 212,197 shares during the period. Finally, State of Wyoming purchased a new stake in shares of High Tide in the fourth quarter valued at approximately $481,000. 4.52% of the stock is owned by institutional investors and hedge funds.

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.