FY2027 EPS Estimates for High Tide Cut by Atb Cap Markets

High Tide Inc. (NASDAQ:HITI) – Stock analysts at Atb Cap Markets cut their FY2027 earnings per share estimates for High Tide in a report released on Friday, January 31st. Atb Cap Markets analyst F. Gomes now forecasts that the company will earn $0.19 per share for the year, down from their previous estimate of $0.26. Atb Cap Markets also issued estimates for High Tide’s FY2028 earnings at $0.30 EPS.

High Tide (NASDAQ:HITI) last posted its earnings results on Wednesday, January 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). High Tide had a negative net margin of 0.81% and a negative return on equity of 2.93%.

Separately, Roth Capital upgraded High Tide to a “strong-buy” rating in a research report on Friday, November 8th.

High Tide Stock Performance

Shares of NASDAQ HITI opened at $2.77 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The stock has a 50 day simple moving average of $3.10 and a 200-day simple moving average of $2.56. The company has a market cap of $224.09 million, a PE ratio of -92.33 and a beta of 0.46. High Tide has a 12-month low of $1.57 and a 12-month high of $3.62.

Hedge Funds Weigh In On High Tide

Several hedge funds and other institutional investors have recently made changes to their positions in HITI. Benin Management CORP lifted its position 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 purchasing an additional 10,000 shares during the period. Jane Street Group LLC lifted its position in High Tide by 58.8% in the third quarter. Jane Street Group LLC now owns 35,252 shares of the company’s stock worth $72,000 after purchasing an additional 13,052 shares during the period. Finally, Chicago Partners Investment Group LLC acquired a new stake in High Tide in the fourth quarter worth approximately $451,000. 4.52% of the stock is currently owned by institutional investors and hedge funds.

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.