FY2028 EPS Estimates for High Tide Raised by Atb Cap Markets

High Tide Inc. (NASDAQ:HITI) – Stock analysts at Atb Cap Markets boosted their FY2028 earnings per share (EPS) estimates for High Tide in a research report issued to clients and investors on Tuesday, October 22nd. Atb Cap Markets analyst F. Gomes now forecasts that the company will earn $0.48 per share for the year, up from their prior forecast of $0.36. The consensus estimate for High Tide’s current full-year earnings is ($0.01) per share.

Several other research analysts have also issued reports on HITI. Ventum Cap Mkts raised High Tide to a “strong-buy” rating in a research report on Tuesday, July 16th. Roth Mkm reissued a “buy” rating and set a $4.50 price objective on shares of High Tide in a research report on Wednesday, September 18th.

High Tide Stock Performance

Shares of HITI opened at $2.86 on Thursday. The company has a 50-day simple moving average of $2.17 and a two-hundred day simple moving average of $2.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.78. The firm has a market capitalization of $230.08 million, a PE ratio of -8.69 and a beta of 0.48. High Tide has a one year low of $1.14 and a one year high of $3.12.

High Tide (NASDAQ:HITI) last posted its earnings results on Monday, September 16th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The firm had revenue of $96.04 million during the quarter, compared to analysts’ expectations of $93.70 million. High Tide had a negative net margin of 6.14% and a positive return on equity of 2.06%. During the same period last year, the company posted ($0.03) EPS.

Hedge Funds Weigh In On High Tide

Institutional investors and hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new stake in shares of High Tide in the 1st quarter worth approximately $32,000. Perritt Capital Management Inc. bought a new position in shares of High Tide during the first quarter valued at $132,000. Virtu Financial LLC purchased a new position in shares of High Tide in the 1st quarter worth about $153,000. Perritt Capital Management Inc boosted its stake in High Tide by 92.3% in the 2nd quarter. Perritt Capital Management Inc now owns 125,000 shares of the company’s stock worth $276,000 after purchasing an additional 60,000 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft grew its position in High Tide by 25.9% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 251,741 shares of the company’s stock valued at $555,000 after purchasing an additional 51,741 shares during the last quarter. Institutional investors 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.