During the recent session, Tilray Brands Inc (NASDAQ:TLRY)’s traded shares were 6.08 million, with the beta value of the company hitting 2.15. At the last check today, the stock’s price was $1.56, reflecting an intraday loss of -1.64% or -$0.03. The 52-week high for the TLRY share is $2.97, that puts it down -90.38 from that peak though still a striking 7.05% gain since the share price plummeted to a 52-week low of $1.45. The company’s market capitalization is $1.37B, and the average intraday trading volume over the past 10 days was 29.33 million shares, and the average trade volume was 23.11 million shares over the past three months.
Tilray Brands Inc (TLRY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.54. TLRY has a Sell rating from 1 analyst(s) out of 5 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.03.
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Tilray Brands Inc (NASDAQ:TLRY) trade information
Tilray Brands Inc (TLRY) registered a -1.64% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.64% in intraday trading to $1.56, hitting a weekly high. The stock’s 5-day price performance is -7.46%, and it has moved by -8.00% in 30 days. Based on these gigs, the overall price performance for the year is -23.71%. The short interest in Tilray Brands Inc (NASDAQ:TLRY) is 101.64 million shares and it means that shorts have 4.67 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.37, which implies an increase of 75.51% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $19 respectively. As a result, TLRY is trading at a discount of -1117.95% off the target high and -28.21% off the low.
Tilray Brands Inc (TLRY) estimates and forecasts
Statistics show that Tilray Brands Inc has outperformed its competitors in share price, compared to the industry in which it operates. Tilray Brands Inc (TLRY) shares have gone down -14.07% during the last six months, with a year-to-date growth rate more than the industry average at 51.52% against 1.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 57.10% this quarter and then jump 75.00% in the quarter after that. In the rating firms’ projections, revenue will increase 15.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 221.74M as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 215.49M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 36.51%. While earnings are projected to return 63.33% 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 on 2025-Jan-07. 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 0.69% of total outstanding shares while institutional holders control 11.18%, with the float percentage being 11.26%. TOROSO INVESTMENTS, LLC is the largest shareholder of the company, while 418.0 institutions own stock in it. As of 2024-06-30, the company held over 11.01 million shares (or 1.4597% of all shares), a total value of $18.28 million in shares.
The next largest institutional holding, with 8.38 million shares, is of SUSQUEHANNA INTERNATIONAL GROUP, LLP’s that is approximately 1.1113% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $13.92 million.
Also, the Mutual Funds coming in first place with the largest holdings of Tilray Brands Inc (TLRY) shares are Amplify ETF Tr-Amplify Alternative Harvest ETF and Vanguard Health Care Index Fund. Data provided on Jun 30, 2024 indicates that Amplify ETF Tr-Amplify Alternative Harvest ETF owns about 10.99 shares. This amounts to just over 1.25 percent of the company’s overall shares, with a $17.36 million market value. The same data shows that the other fund manager holds slightly less at 2.56, or about 0.29% of the stock, which is worth about $4.05 million.
