What is Roth Capital’s Forecast for High Tide Q2 Earnings?

High Tide Inc. (NASDAQ:HITI) – Equities research analysts at Roth Capital reduced their Q2 2025 earnings estimates for shares of High Tide in a research report issued on Wednesday, March 19th. Roth Capital analyst W. Kirk now anticipates 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 Trading Up 0.9 %

Shares of NASDAQ HITI opened at $2.18 on Monday. The business has a 50 day simple moving average of $2.62 and a 200 day simple moving average of $2.70. High Tide has a 52 week low of $1.57 and a 52 week high of $3.62. The stock has a market cap of $176.40 million, a price-to-earnings ratio of -72.67 and a beta of 0.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.40.

High Tide (NASDAQ:HITI) last issued its 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 net margin of 0.81% and a negative return on equity of 2.93%. The firm had revenue of $100.25 million during the quarter, compared to analysts’ expectations of $138.83 million.

Institutional Investors Weigh In On High Tide

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

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.