During the recent session, Tilray Brands Inc (NASDAQ:TLRY)’s traded shares were 6.71 million, with the beta value of the company hitting 2.32. At the last check today, the stock’s price was $1.63, reflecting an intraday gain of 2.03% or $0.03. The 52-week high for the TLRY share is $3.40, that puts it down -108.59 from that peak though still a striking 7.98% gain since the share price plummeted to a 52-week low of $1.50. The company’s market capitalization is $1.21B, and the average intraday trading volume over the past 10 days was 14.87 million shares, and the average trade volume was 22.07 million shares over the past three months.
Tilray Brands Inc (NASDAQ:TLRY) trade information
Tilray Brands Inc (TLRY) registered a 2.03% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.03% in intraday trading to $1.63, hitting a weekly high. The stock’s 5-day price performance is -3.97%, and it has moved by -11.28% in 30 days. Based on these gigs, the overall price performance for the year is -30.83%. The short interest in Tilray Brands Inc (NASDAQ:TLRY) is 117.51 million shares and it means that shorts have 6.3 day(s) to cover.
Tilray Brands Inc (TLRY) estimates and forecasts
Statistics show that Tilray Brands Inc has underperformed its competitors in share price, compared to the industry in which it operates. Tilray Brands Inc (TLRY) shares have gone down -45.22% during the last six months, with a year-to-date growth rate less than the industry average at -9.52% against 7.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 97.40% this quarter and then jump 80.00% in the quarter after that. In the rating firms’ projections, revenue will increase 26.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $199.71 million as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to $232.3 million by the end of May 2024.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -23.57%. While earnings are projected to return 90.61% in 2024, the next five years will return 37.00% per annum.
TLRY Dividends
Tilray Brands Inc is due to release its next quarterly earnings between April 08 and April 12. 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 1.35% of total outstanding shares while institutional holders control 11.15%, with the float percentage being 11.31%. ETF Managers Group, LLC is the largest shareholder of the company, while 414 institutions own stock in it. As of Mar 30, 2023, the company held over 7.6 million shares (or 1.04% of all shares), a total value of $19.22 million in shares.
The next largest institutional holding, with 3.82 million shares, is of Vanguard Group Inc’s that is approximately 0.52% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $5.96 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 Global X Fds-The Global X Cannabis ETF. Data provided on Jun 29, 2023 indicates that ETF Managers Tr-EFTMG Alternative Harvest ETF owns about 7.98 million shares. This amounts to just over 1.09 percent of the company’s overall shares, with a $12.45 million market value. The same data shows that the other fund manager holds slightly less at 2.4 million, or about 0.33% of the stock, which is worth about $5.72 million.
