High Tide Inc. (NASDAQ:HITI - Free Report) - Stock analysts at Atb Cap Markets issued their FY2025 earnings estimates for shares of High Tide in a research report issued on Monday, December 16th. Atb Cap Markets analyst F. Gomes anticipates that the company will earn ($0.06) per share for the year. The consensus estimate for High Tide's current full-year earnings is ($0.01) per share. Atb Cap Markets also issued estimates for High Tide's FY2026 earnings at $0.13 EPS, FY2027 earnings at $0.26 EPS and FY2028 earnings at $0.42 EPS.
High Tide (NASDAQ:HITI - Get Free Report) last released its quarterly earnings results on Monday, September 16th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. High Tide had a negative net margin of 6.14% and a positive return on equity of 2.06%. The business had revenue of $96.04 million for the quarter, compared to the consensus estimate of $93.70 million. During the same period last year, the firm earned ($0.03) earnings per share.
Several other research firms have also issued reports on HITI. Roth Mkm reissued a "buy" rating and set a $4.50 price target on shares of High Tide in a report on Wednesday, September 18th. Roth Capital raised shares of High Tide to a "strong-buy" rating in a report on Friday, November 8th.
Check Out Our Latest Analysis on HITI
Shares of HITI stock traded down $0.01 during mid-day trading on Thursday, reaching $3.01. 142,400 shares of the company's stock traded hands, compared to its average volume of 600,333. High Tide has a 12 month low of $1.52 and a 12 month high of $3.62. The firm has a 50 day moving average price of $2.88 and a two-hundred day moving average price of $2.37. The firm has a market capitalization of $242.14 million, a PE ratio of -10.75 and a beta of 0.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 1.26.
An institutional investor recently raised its position in High Tide stock. Jane Street Group LLC boosted its stake in shares of High Tide Inc. (NASDAQ:HITI - Free Report) by 58.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,252 shares of the company's stock after acquiring an additional 13,052 shares during the period. Jane Street Group LLC's holdings in High Tide were worth $72,000 at the end of the most recent quarter. 4.52% of the stock is owned by institutional investors and hedge funds.
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.
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