High Tide Inc. (NASDAQ:HITI – Free Report) – Analysts at Roth Capital issued their Q1 2026 earnings per share (EPS) estimates for High Tide in a note issued to investors on Tuesday, September 16th. Roth Capital analyst W. Kirk expects that the company will post earnings per share of $0.01 for the quarter. Roth Capital currently has a “Buy” rating and a $5.00 target price on the stock. The consensus estimate for High Tide’s current full-year earnings is ($0.04) per share.
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High Tide (NASDAQ:HITI – Get Free Report) last issued its quarterly earnings data on Monday, September 15th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $108.04 million during the quarter, compared to analyst estimates of $146.00 million. High Tide had a negative return on equity of 6.50% and a negative net margin of 1.66%.
Separately, Haywood Securities upgraded High Tide to a “strong-buy” rating in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and a consensus target price of $5.00.
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High Tide Trading Up 11.5%
HITI opened at $3.98 on Thursday. The firm has a market cap of $346.58 million, a P/E ratio of -49.75 and a beta of 0.58. High Tide has a 12 month low of $1.64 and a 12 month high of $3.99. The company has a current ratio of 1.85, a quick ratio of 0.97 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average of $2.86 and a 200 day moving average of $2.45.
Institutional Trading of High Tide
Several institutional investors have recently added to or reduced their stakes in the company. AdvisorShares Investments LLC lifted its stake in High Tide by 2.2% in the second quarter. AdvisorShares Investments LLC now owns 1,475,990 shares of the company’s stock worth $3,395,000 after purchasing an additional 31,340 shares during the last quarter. Two Sigma Investments LP lifted its stake in High Tide by 146.0% in the fourth quarter. Two Sigma Investments LP now owns 311,304 shares of the company’s stock worth $962,000 after purchasing an additional 184,780 shares during the last quarter. State of Wyoming lifted its stake in High Tide by 10.5% in the second quarter. State of Wyoming now owns 267,683 shares of the company’s stock worth $616,000 after purchasing an additional 25,442 shares during the last quarter. Murchinson Ltd. bought a new stake in High Tide in the second quarter worth about $398,000. Finally, Jane Street Group LLC lifted its stake in High Tide by 50.6% in the fourth quarter. Jane Street Group LLC now owns 53,089 shares of the company’s stock worth $163,000 after purchasing an additional 17,837 shares during the last quarter. Institutional investors own 4.52% of the company’s stock.
About High Tide
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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.
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