Year-To-Date, Tilray Brands Inc. (NASDAQ: TLRY) Price Has Decrease -36.84%. Does Trouble Ahead? – Marketing Sentinel
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Year-To-Date, Tilray Brands Inc. (NASDAQ: TLRY) Price Has Decrease -36.84%. Does Trouble Ahead?

During the recent session, Tilray Brands Inc. (NASDAQ:TLRY)’s traded shares were 10.01 million, with the beta value of the company hitting 2.52. At the last check today, the stock’s price was $4.61, reflecting an intraday gain of 3.72% or $0.17. The 52-week high for the TLRY share is $23.04, that puts it down -399.78 from that peak though still a striking 15.62% gain since the share price plummeted to a 52-week low of $3.89. The company’s market capitalization is $2.20B, and the average intraday trading volume over the past 10 days was 26.52 million shares, and the average trade volume was 34.73 million shares over the past three months.

Tilray Brands Inc. (NASDAQ:TLRY) trade information

Tilray Brands Inc. (TLRY) registered a 3.72% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 3.72% in intraday trading to $4.61 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -9.20%, and it has moved by -28.73% in 30 days. Based on these gigs, the overall price performance for the year is -67.54%. The short interest in Tilray Brands Inc. (NASDAQ:TLRY) is 51.04 million shares and it means that shorts have 2.19 day(s) to cover.

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Tilray Brands Inc. (TLRY) estimates and forecasts

Statistics show that Tilray Brands Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Tilray Brands Inc. (TLRY) shares have gone down -61.46% during the last six months, with a year-to-date growth rate more than the industry average at 71.74% against 6.70.

Revenue for the current quarter is expected to be $241.1 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $247.18 million by the end of Feb 2022.

While earnings are projected to return 36.60% in 2022.

TLRY Dividends

Tilray Brands Inc. is due to release its next quarterly earnings on January 10. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Tilray Brands Inc. (NASDAQ:TLRY)’s Major holders

Tilray Brands Inc. insiders own 4.10% of total outstanding shares while institutional holders control 13.27%, with the float percentage being 13.84%. ETF Managers Group, LLC is the largest shareholder of the company, while 419 institutions own stock in it. As of Sep 29, 2021, the company held over 6.93 million shares (or 1.50% of all shares), a total value of $78.2 million in shares.

The next largest institutional holding, with 5.52 million shares, is of Susquehanna International Group, LLP’s that is approximately 1.20% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $62.32 million.

Also, the Mutual Funds coming in first place with the largest holdings of Tilray Brands Inc. (TLRY) shares are ETF Managers Tr-EFTMG Alternative Harvest ETF and DFA International Core Equity Portfolio. Data provided on Sep 29, 2021 indicates that ETF Managers Tr-EFTMG Alternative Harvest ETF owns about 6.93 million shares. This amounts to just over 1.50 percent of the company’s overall shares, with a $78.2 million market value. The same data shows that the other fund manager holds slightly less at 2.15 million, or about 0.47% of the stock, which is worth about $22.13 million.

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