Tilray Brands Inc (NASDAQ: TLRY) Stock Forecast: By 2024, Bulls Expect $19 Per Share

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In the last trading session, 20.54 million shares of the Tilray Brands Inc (NASDAQ:TLRY) were traded, and its beta was 2.46. Most recently the company’s share price was $1.73, and it changed around $0.01 or 0.58% from the last close, which brings the market valuation of the company to $1.34B. TLRY currently trades at a discount to its 52-week high of $3.40, offering almost -96.53% off that amount. The share price’s 52-week low was $1.50, which indicates that the current value has risen by an impressive 13.29% since then. We note from Tilray Brands Inc’s average daily trading volume that its 3-month average coming to 29.21 million.

Tilray Brands Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.62. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended TLRY as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Tilray Brands Inc is expected to report earnings per share of $Thryv Holdings, Inc. for the current quarter.

Tilray Brands Inc (NASDAQ:TLRY) trade information

Instantly TLRY has showed a green trend with a performance of 0.58% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -24.78% year-to-date, but still down -4.95% over the last five days. On the other hand, Tilray Brands Inc (NASDAQ:TLRY) is -12.63% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $8.45, which translates to bulls needing to increase their stock price by 79.53% from its current value. Analyst projections state that TLRY is forecast to be at a low of $2 and a high of $19.

Tilray Brands Inc (TLRY) estimates and forecasts

Tilray Brands Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -12.63 percent over the past six months and at a -42.86% annual growth rate that is well below the industry average of 4.10%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -23.57%. Tilray Brands Inc earnings are expected to increase by 87.74% in 2024, but the outlook is positive 37.00% per year for the next five years.

TLRY Dividends

Tilray Brands Inc’s next quarterly earnings report is expected to be released in May.