Tilray Brands Inc (NASDAQ:TLRY) has a beta value of 2.17 and has seen 14.71 million shares traded in the recent trading session. The company, currently valued at $1.58B, closed the recent trade at $1.75 per share which meant it gained $0.11 on the day or 6.55% during that session. The TLRY stock price is -69.71% off its 52-week high price of $2.97 and 17.14% above the 52-week low of $1.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 23.52 million shares traded. The 3-month trading volume is 22.41 million shares.
The consensus among analysts is that Tilray Brands Inc (TLRY) is Buy stock at the moment, with a recommendation rating of 2.57. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 5 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
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Tilray Brands Inc (NASDAQ:TLRY) trade information
Sporting 6.55% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the TLRY stock price touched $1.75 or saw a rise of 1.13%. Year-to-date, Tilray Brands Inc shares have moved -24.02%, while the 5-day performance has seen it change 1.01%. Over the past 30 days, the shares of Tilray Brands Inc (NASDAQ:TLRY) have changed 3.40%. Short interest in the company has seen 118.15 million shares shorted with days to cover at 4.59.
Wall Street analysts have a consensus price target for the stock at $5.26, which means that the shares’ value could jump 66.73% from the levels at last check today. The projected low price target is $2.0 while the price target rests at a high of $19.0. In that case, then, we find that the latest price level in today’s session is -985.71% off the targeted high while a plunge would see the stock gain -14.29% from the levels at last check today.
Tilray Brands Inc (TLRY) estimates and forecasts
Figures show that Tilray Brands Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -14.76% over the past 6 months, with this year growth rate of 57.58%, compared to 0.10% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 36.51% over the past 5 years. Earnings growth for 2024 is a modest 62.26% while over the next 5 years, the company’s earnings are expected to increase by 37.00%.
TLRY Dividends
Tilray Brands Inc is expected to release its next earnings report on 2025-Jan-07 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Tilray Brands Inc (NASDAQ:TLRY)’s Major holders
Insiders own 0.67% of the company shares, while shares held by institutions stand at 10.90% with a share float percentage of 10.97%. Investors are also buoyed by the number of investors in a company, with Tilray Brands Inc having a total of 418.0 institutions that hold shares in the company. The top two institutional holders are TOROSO INVESTMENTS, LLC with over 11.01 million shares worth more than $18.28 million. As of 2024-06-30, TOROSO INVESTMENTS, LLC held 1.4597% of shares outstanding.
The other major institutional holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP, with the holding of over 8.38 million shares as of 2024-06-30. The firm’s total holdings are worth over $13.92 million and represent 1.1113% of shares outstanding.
