Ventum Cap Mkts Cuts Earnings Estimates for High Tide

High Tide Inc. (NASDAQ:HITI) – Investment analysts at Ventum Cap Mkts decreased their FY2025 earnings per share (EPS) estimates for shares of High Tide in a research report issued on Tuesday, March 18th. Ventum Cap Mkts analyst A. Semple now anticipates that the company will post earnings of ($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 posted its earnings results on Friday, March 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $100.25 million for the quarter, compared to analysts’ expectations of $138.83 million.

High Tide Price Performance

HITI opened at $2.14 on Friday. 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 has a 52-week low of $1.57 and a 52-week high of $3.62. The stock has a market capitalization of $173.16 million, a PE ratio of -71.33 and a beta of 0.48. The stock’s 50 day moving average price is $2.66 and its 200-day moving average price is $2.69.

Hedge Funds Weigh In On High Tide

Several hedge funds have recently made changes to their positions in HITI. Arrowstreet Capital Limited Partnership purchased a new position in shares of High Tide during the fourth quarter valued at approximately $1,605,000. Renaissance Technologies LLC boosted its position in shares of 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 purchasing an additional 493,300 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of 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 purchasing an additional 212,197 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of 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 purchasing an additional 184,780 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of High Tide during the fourth quarter valued at approximately $481,000. 4.52% of the stock is owned by hedge funds and other 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.