In the last trading session, 10.39 million Tilray Brands Inc (NASDAQ:TLRY) shares changed hands as the company’s beta touched 2.14. With the company’s per share price at $1.58 changed hands at -$0.01 or -0.63% during last session, the market valuation stood at $1.43B. TLRY’s last price was a discount, traded about -87.97% off its 52-week high of $2.97. The share price had its 52-week low at $1.45, which suggests the last value was 8.23% up since then. When we look at Tilray Brands Inc’s average trading volume, we note the 10-day average is 20.51 million shares, with the 3-month average coming to 22.93 million.
Analysts gave the Tilray Brands Inc (TLRY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.54. If we narrow down to specifics, the data shows that 1 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended TLRY as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Tilray Brands Inc’s EPS for the current quarter is expected to be -0.04.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Tilray Brands Inc (NASDAQ:TLRY) trade information
Instantly TLRY was in red as seen at the end of in last trading. With action -0.63%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -31.30%, with the 5-day performance at -0.63% in the red. However, in the 30-day time frame, Tilray Brands Inc (NASDAQ:TLRY) is -8.14% down. Looking at the short shares, we see there were 101.64 million shares sold at short interest cover period of 4.67 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5.26, meaning bulls need an upside of 69.96% from its current market value. According to analyst projections, TLRY’s forecast low is 2 with 19 as the target high. To hit the forecast high, the stock’s price needs a -1102.53% plunge from its current level, while the stock would need to soar -26.58% for it to hit the projected low.
Tilray Brands Inc (TLRY) estimates and forecasts
Data shows that the Tilray Brands Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -8.14% over the past 6 months, a 57.58% in annual growth rate that is considerably higher than the industry average of 1.40%. Year-over-year growth is forecast to reach 15.20% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 219.22M. 8 analysts are of the opinion that Tilray Brands Inc’s revenue for the current quarter will be 220.52M.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 36.51%. The 2024 estimates are for Tilray Brands Inc earnings to increase by 64.19%, but the outlook for the next 5-year period is at 37.00% per year.
TLRY Dividends
Tilray Brands Inc is expected to release its next quarterly earnings report in November.
Tilray Brands Inc (NASDAQ:TLRY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.67% of Tilray Brands Inc shares while 10.83% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 10.90%. There are 10.83% institutions holding the Tilray Brands Inc stock share, with TOROSO INVESTMENTS, LLC the top institutional holder. As of 2024-06-30, the company held 1.4597% of the shares, roughly 11.01 million TLRY shares worth $18.28 million.
SUSQUEHANNA INTERNATIONAL GROUP, LLP holds the second largest percentage of outstanding shares, with 1.1113% or 8.38 million shares worth $13.92 million as of 2024-06-30.
