During the last session, Tilray, Inc. (NASDAQ:TLRY)’s traded shares were 18,597,902, with the beta value of the company hitting 0. At the end of the trading day, the stock’s price was $19.76, reflecting an intraday loss of -6.53% or -$1.38. The 52-week high for the TLRY share is $67, that puts it down -239.07% from that peak though still a striking +77.68% gain since the share price plummeted to a 52-week low of $4.41. The company’s market capitalization is $3.39 Billion, and the average intraday trading volume over the past 10 days was 14.36 Million shares, and the average trade volume was 42Million shares over the past three months.
Tilray, Inc. (TLRY) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.2. TLRY has a Sell rating from none of the analyst(s) out of 12 analysts who have looked at this stock. 12 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and no one recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.1.
Tilray, Inc. (NASDAQ:TLRY): Trading Information
Tilray, Inc. (TLRY) registered a -6.53% downside in the last session and has traded in the red over the past 5 sessions. The stock spiked 18.11% in intraday trading to $24.13 this Wednesday, Mar 31, hitting a weekly high. The stock’s 5-day price performance is -10.34%, and it has moved by -8.65% in 30 days. Despite these dips, the overall price performance for the year is 139.23%. The short interest in Tilray, Inc. (NASDAQ:TLRY) is 27.88 Million shares and it means that shorts have 0.66 day(s) to cover.
The consensus price target of analysts on Wall Street is $25.66, which implies an increase of 29.86% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $21 and $32 respectively. As a result, TLRY is trading at a discount of 61.94% off the target high and 6.28% off the low.
Tilray, Inc. (TLRY) projections and forecasts
Statistics show that Tilray, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Tilray, Inc. (TLRY) shares have gone up +265.93% during the last six months, with a year-to-date growth rate less than the industry average at -82.33% against 17.2%. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 94.2% this quarter and then jump 86.2% in the quarter after that. In the rating firms’ projections, revenue will increase 33.5% compared to the previous financial year.
Revenue for the current quarter is expected to be $61.79 Million as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to $67.27 Million by the end of June 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $52.1 Million and $55.02 Million respectively. In this case, analysts expect current quarter sales to grow by 18.6% and then jump by 22.3% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated 0%. While earnings are projected to return 32.7% in 2021, the next five years will return -4.2% per annum.
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Tilray, Inc. (NASDAQ:TLRY)’s Biggest Investors
Tilray, Inc. insiders own 11.52% of total outstanding shares while institutional holders control 15.07%, with the float percentage being 17.04%. ETF Managers Group, LLC is the largest shareholder of the company, while 251 institutions own stock in it. As of Dec 30, 2020, the company held over 6.97 Million shares (or 4.06% of all shares), a total value of $57.6 Million in shares.
The next largest institutional holding, with 2.2 Million shares, is of Mirae Asset Global Investments Co., Ltd.’s that is approximately 1.28% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $18.16 Million.
Also, the Mutual Funds coming in first place with the largest holdings of Tilray, Inc. (TLRY) shares are ETF Managers Tr-EFTMG Alternative Harvest ETF and Global X Fds-The Global X Cannabis ETF. Data provided on Dec 30, 2020 indicates that ETF Managers Tr-EFTMG Alternative Harvest ETF owns about 6,973,209 shares. This amounts to just over 4.06 percent of the company’s overall shares, with a $57.6 Million market value. The same data shows that the other fund manager holds slightly less at 725.72 Thousand, or about 0.42% of the stock, which is worth about $17.68 Million.