In the last trading session, 25.5 million shares of the Tilray Brands Inc (NASDAQ:TLRY) were traded, and its beta was 2.14. Most recently the company’s share price was $1.65, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $1.44B. TLRY currently trades at a discount to its 52-week high of $2.97, offering almost -80.0% off that amount. The share price’s 52-week low was $1.50, which indicates that the current value has risen by an impressive 9.09% since then. We note from Tilray Brands Inc’s average daily trading volume that its 10-day average is 26.7 million shares, with the 3-month average coming to 22.19 million.
Tilray Brands Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.54. 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
The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.7700 on recent trading dayincreased the stock’s daily price by 6.78%. The company’s shares are currently down -28.26% year-to-date, but still down -1.79% over the last five days. On the other hand, Tilray Brands Inc (NASDAQ:TLRY) is -2.94% down in the 30-day period. We can see from the shorts that 98.17 million shares have been sold at a short interest cover period of 4.72 day(s).
The consensus price target as assigned by Wall Street analysts is $6.37, which translates to bulls needing to increase their stock price by 74.1% 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 fallen -19.71 percent over the past six months and at a 51.52% annual growth rate that is well above the industry average of 1.60%. 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 57.10% in the next quarter. The year-over-year growth rate is expected to be 15.80%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 219.29M in revenue for the current quarter. 9 analysts expect Tilray Brands Inc to make 222.81M 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 62.91% 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 November.
Tilray Brands Inc (NASDAQ:TLRY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.69% of Tilray Brands Inc shares, and 11.19% of them are in the hands of institutional investors. The stock currently has a share float of 11.27%. Tilray Brands Inc stock is held by 418.0 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.
