FY2027 EPS Estimates for High Tide Cut by Atb Cap Markets

High Tide Inc. (NASDAQ:HITI) – Research analysts at Atb Cap Markets dropped their FY2027 EPS estimates for shares of High Tide in a research report issued on Friday, January 31st. Atb Cap Markets analyst F. Gomes now expects that the company will post earnings per share of $0.19 for the year, down from their prior forecast of $0.26. 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 FY2028 earnings at $0.30 EPS.

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

High Tide Stock Performance

High Tide stock opened at $2.79 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20. The stock has a market cap of $225.71 million, a P/E ratio of -93.00 and a beta of 0.48. High Tide has a 52 week low of $1.57 and a 52 week high of $3.62. The stock has a 50 day moving average of $3.11 and a 200-day moving average of $2.55.

High Tide (NASDAQ:HITI) last issued its quarterly earnings results on Wednesday, January 29th. The company reported ($0.04) earnings per share 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 2.94%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Jane Street Group LLC grew its stake in High Tide by 58.8% in the third quarter. Jane Street Group LLC now owns 35,252 shares of the company’s stock valued at $72,000 after purchasing an additional 13,052 shares in the last quarter. Benin Management CORP grew its stake in shares of 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 acquiring an additional 10,000 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in High Tide during the fourth quarter worth $451,000. 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.