Ventum Cap Mkts Cuts Earnings Estimates for High Tide

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

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

High Tide Stock Performance

NASDAQ:HITI opened at $2.14 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. High Tide has a 12-month low of $1.57 and a 12-month high of $3.62. The stock has a 50-day moving average price of $2.66 and a 200 day moving average price of $2.69. The stock has a market capitalization of $173.16 million, a P/E ratio of -71.33 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 company. Renaissance Technologies LLC boosted its stake in High Tide by 142.4% during the fourth quarter. Renaissance Technologies LLC now owns 839,600 shares of the company’s stock valued at $2,594,000 after buying an additional 493,300 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in High Tide during the fourth quarter valued at approximately $1,605,000. Two Sigma Investments LP boosted its stake in High Tide by 146.0% during the fourth 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 last quarter. Hillsdale Investment Management Inc. boosted its stake in High Tide by 755.4% during the fourth 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 last quarter. Finally, State of Wyoming bought a new position in High Tide during the fourth quarter valued at approximately $481,000. 4.52% of the stock is owned by institutional investors.

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.