In today’s recent session, 3.78 million shares of the Tilray Brands Inc (NASDAQ:TLRY) have been traded, and its beta is 2.14. Most recently the company’s share price was $1.91, and it changed around -$0.02 or -1.04% from the last close, which brings the market valuation of the company to $1.61B. TLRY at last check was trading at a discount to its 52-week high of $3.40, offering almost -78.01% off that amount. The share price’s 52-week low was $1.50, which indicates that the recent value has risen by an impressive 21.47% since then. We note from Tilray Brands Inc’s average daily trading volume that its 10-day average is 18.13 million shares, with the 3-month average coming to 17.14 million.
Tilray Brands Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.57. 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 -0.04 for the current quarter.
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Tilray Brands Inc (NASDAQ:TLRY) trade information
Instantly TLRY has been showing red trend so far today with a performance of -1.04% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.9500 on recent trading dayincreased the stock’s daily price by 2.05%. The company’s shares are currently down -16.96% year-to-date, but still down -1.04% over the last five days. On the other hand, Tilray Brands Inc (NASDAQ:TLRY) is 4.37% up in the 30-day period. We can see from the shorts that 108.33 million shares have been sold at a short interest cover period of 5.57 day(s).
The consensus price target as assigned by Wall Street analysts is $6.68, which translates to bulls needing to increase their stock price by 71.41% 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 compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 9.77 percent over the past six months and at a 63.64% annual growth rate that is well above the industry average of 4.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 60.00% in revenue this quarter, and will report an increase of 42.90% in the next quarter. The year-over-year growth rate is expected to be 15.20%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 218.24M in revenue for the current quarter. 9 analysts expect Tilray Brands Inc to make 221.35M in revenue for the current ending quarter.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 36.51%. Tilray Brands Inc earnings are expected to increase by 70.11% 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 September.
Tilray Brands Inc (NASDAQ:TLRY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.44% of Tilray Brands Inc shares, and 11.63% of them are in the hands of institutional investors. The stock currently has a share float of 11.80%. Tilray Brands Inc stock is held by 422.0 institutions, with TOROSO INVESTMENTS, LLC being the largest institutional investor. By 2024-06-30, it held 1.4597% of the shares, which is about 11.01 million shares worth $18.28 million.
SUSQUEHANNA INTERNATIONAL GROUP, LLP, with 1.1113% or 8.38 million shares worth $13.92 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Amplify ETF Tr-Amplify Alternative Harvest ETF and Vanguard Health Care Index Fund were the top two Mutual Funds as of Mar 31, 2024. The former held 10.64 shares worth $20.27 million, making up 1.26% of all outstanding shares. On the other hand, Vanguard Health Care Index Fund held roughly 2.56 shares worth around $4.88 million, which represents about 0.30% of the total shares outstanding.
