Roth Capital Forecasts High Tide’s Q2 Earnings (NASDAQ:HITI)

High Tide Inc. (NASDAQ:HITI) – Equities research analysts at Roth Capital cut their Q2 2025 earnings per share (EPS) estimates for shares of High Tide in a report released on Wednesday, March 19th. Roth Capital analyst W. Kirk now expects that the company will post earnings of ($0.02) per share for the quarter, down from their previous forecast of ($0.01). 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 FY2025 earnings at ($0.07) EPS.

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 analyst estimates of $138.83 million. High Tide had a negative return on equity of 2.93% and a negative net margin of 0.81%.

High Tide Trading Up 0.9 %

NASDAQ:HITI opened at $2.16 on Monday. High Tide has a 52-week low of $1.57 and a 52-week high of $3.62. The company has a quick ratio of 0.92, a current ratio of 1.40 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $2.64 and a 200-day simple moving average of $2.70. The company has a market capitalization of $174.78 million, a PE ratio of -72.00 and a beta of 0.48.

Hedge Funds Weigh In On High Tide

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP grew its position in shares of High Tide by 146.0% in the fourth quarter. Two Sigma Investments LP now owns 311,304 shares of the company’s stock valued at $962,000 after purchasing an additional 184,780 shares during the last quarter. State of Wyoming acquired a new stake in High Tide during the 4th quarter valued at $481,000. Lazard Asset Management LLC grew its holdings 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 valued at $159,000 after buying an additional 50,924 shares during the last quarter. Bank of America Corp DE purchased a new position in High Tide during the fourth quarter worth $72,000. Finally, Jane Street Group LLC raised its holdings in shares of High Tide by 50.6% in 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 last quarter. Institutional investors and hedge funds own 4.52% of the company’s stock.

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.