Roth Capital Issues Negative Forecast for High Tide Earnings

High Tide Inc. (NASDAQ:HITI) – Stock analysts at Roth Capital lowered their Q2 2025 earnings per share estimates for shares of High Tide in a research note issued to investors on Wednesday, March 19th. Roth Capital analyst W. Kirk now forecasts that the company will post earnings of ($0.02) per share for the quarter, down from their prior 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 Stock Performance

NASDAQ:HITI opened at $2.14 on Monday. 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 firm’s fifty day simple moving average is $2.60 and its 200 day simple moving average is $2.70. The stock has a market cap of $173.16 million, a P/E ratio of -71.33 and a beta of 0.48. High Tide has a twelve month low of $1.57 and a twelve month high of $3.62.

High Tide (NASDAQ:HITI) last issued its quarterly earnings data on Friday, March 21st. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $100.25 million during the quarter, compared to the consensus estimate 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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Benin Management CORP raised its stake in High Tide by 100.0% in the fourth quarter. Benin Management CORP now owns 20,000 shares of the company’s stock worth $62,000 after buying an additional 10,000 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of High Tide by 58.8% during the 3rd quarter. Jane Street Group LLC now owns 35,252 shares of the company’s stock worth $72,000 after acquiring an additional 13,052 shares during the period. Northwest & Ethical Investments L.P. raised its position in shares of High Tide by 1,026.2% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 22,378 shares of the company’s stock worth $69,000 after acquiring an additional 20,391 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of High Tide in the 4th quarter valued at approximately $72,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of High Tide during the fourth quarter valued at approximately $146,000. 4.52% of the stock is 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.