FY2027 EPS Estimates for High Tide Cut by Atb Cap Markets

High Tide Inc. (NASDAQ:HITI) – Analysts at Atb Cap Markets cut their FY2027 earnings per share (EPS) estimates for High Tide in a note issued to investors on Friday, January 31st. Atb Cap Markets analyst F. Gomes now expects that the company will earn $0.19 per share for the year, down from their prior forecast of $0.26. Atb Cap Markets also issued estimates for High Tide’s FY2028 earnings at $0.30 EPS.

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

High Tide Price Performance

Shares of NASDAQ:HITI opened at $2.77 on Monday. High Tide has a one year low of $1.57 and a one year high of $3.62. The stock has a fifty day moving average of $3.10 and a 200-day moving average of $2.56. The company has a market capitalization of $224.09 million, a PE ratio of -92.33 and a beta of 0.46. 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 announced its quarterly earnings data on Wednesday, January 29th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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%.

Institutional Trading of High Tide

Several large investors have recently added to or reduced their stakes in HITI. Chicago Partners Investment Group LLC acquired a new stake in High Tide during the 4th quarter valued at $451,000. Jane Street Group LLC raised its stake in High Tide by 58.8% during the 3rd 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 during the period. Finally, Benin Management CORP raised its stake in High Tide by 100.0% during the 4th quarter. Benin Management CORP now owns 20,000 shares of the company’s stock valued at $62,000 after purchasing an additional 10,000 shares during the period. 4.52% of the stock is owned by institutional investors and hedge funds.

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.