Tilray Brands Inc (NASDAQ:TLRY)’s traded shares stood at 1.67 million during the latest session, with the company’s beta value hitting 2.15. At the last check today, the stock’s price was $1.90, to imply an increase of 0.79% or $0.01 in intraday trading. The TLRY share’s 52-week high remains $3.40, putting it -78.95% down since that peak but still an impressive 21.05% since price per share fell to its 52-week low of $1.50. The company has a valuation of $1.61B, with an average of 19.25 million shares in intraday trading volume over the past 10 days and average of 17.15 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Tilray Brands Inc (TLRY), translating to a mean rating of 2.57. Of 5 analyst(s) looking at the stock, 1 analyst(s) give TLRY a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.04.
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Tilray Brands Inc (NASDAQ:TLRY) trade information
After registering a 0.79% upside in the latest session, Tilray Brands Inc (TLRY) has traded red over the past five days. The 5-day price performance for the stock is -2.31%, and 6.42% over 30 days. With these gigs, the year-to-date price performance is -17.17%. Short interest in Tilray Brands Inc (NASDAQ:TLRY) saw shorts transact 108.33 million shares and set a 5.57 days time to cover.
The extremes give us $2 and $19 for target low and target high price respectively. As such, TLRY has been trading -900.0% off suggested target high and -5.26% from its likely low.
Tilray Brands Inc (TLRY) estimates and forecasts
Looking at statistics comparing Tilray Brands Inc share performance against respective industry, we note that the company has outperformed competitors. Tilray Brands Inc (TLRY) shares are 6.42% up over the last 6 months, with its year-to-date growth rate higher than industry average at 63.64% against 4.60%. Revenue is forecast to grow 60.00% this quarter before jumping 42.90% for the next one. The rating firms project that company’s revenue will grow 15.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is 218.24M. Meanwhile, for the current quarter, a total of 9 analyst(s) estimate revenue growth to 221.35M.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 36.51% for the past 5-year period. While 2024 is set for a 70.11% return in earnings, projections for the next 5 years are at 37.00% annually.
TLRY Dividends
Tilray Brands Inc has its next earnings report out in September. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Tilray Brands Inc (NASDAQ:TLRY)’s Major holders
Tilray Brands Inc insiders hold 1.44% of total outstanding shares, with institutional holders owning 11.80% of the shares at 11.97% float percentage. In total, 11.80% institutions holds shares in the company, led by TOROSO INVESTMENTS, LLC. As of 2024-06-30, the company held over 11.01 million shares (or 1.4597% of shares), all amounting to roughly $18.28 million.
The next major institution holding the largest number of shares is SUSQUEHANNA INTERNATIONAL GROUP, LLP with 8.38 million shares, or about 1.1113% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $13.92 million.
We also have Amplify ETF Tr-Amplify Alternative Harvest ETF and Vanguard Health Care Index Fund as the top two Mutual Funds with the largest holdings of the Tilray Brands Inc (TLRY) shares. Going by data provided on Mar 31, 2024 , Amplify ETF Tr-Amplify Alternative Harvest ETF holds roughly 10.64 shares. This is just over 1.26% of the total shares, with a market valuation of $20.22 million. Data from the same date shows that the other fund manager holds a little less at 2.56, or 0.30% of the shares, all valued at about 4.87 million.
