Tilray Brands Inc (NASDAQ:TLRY) has a beta value of 2.12 and has seen 21.73 million shares traded in the last trading session. The company, currently valued at $1.24B, closed the last trade at $1.34 per share which meant it gained $0.03 on the day or 2.29% during that session. The TLRY stock price is -121.64% off its 52-week high price of $2.97 and 4.48% above the 52-week low of $1.28. If we look at the company’s 10-day average daily trading volume, we find that it stood at 29.09 million shares traded. The 3-month trading volume is 25.34 million shares.

The consensus among analysts is that Tilray Brands Inc (TLRY) is Buy stock at the moment, with a recommendation rating of 2.50. 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.

Tilray Brands Inc (NASDAQ:TLRY) trade information

Sporting 2.29% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the TLRY stock price touched $1.34 or saw a rise of 3.6%. Year-to-date, Tilray Brands Inc shares have moved -41.74%, while the 5-day performance has seen it change -0.74%. Over the past 30 days, the shares of Tilray Brands Inc (NASDAQ:TLRY) have changed -18.29%. Short interest in the company has seen 112.73 million shares shorted with days to cover at 4.55.

Wall Street analysts have a consensus price target for the stock at $5.26, which means that the shares’ value could jump 74.52% from current levels. 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 current price level is -1317.91% off the targeted high while a plunge would see the stock gain -49.25% from current levels.

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 -27.57% over the past 6 months, with this year growth rate of 57.58%, compared to 0.20% 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 in December 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 12.09% with a share float percentage of 12.17%. Investors are also buoyed by the number of investors in a company, with Tilray Brands Inc having a total of 413.0 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.

Also the top two Mutual Funds that are holding company’s shares are Amplify ETF Tr-Amplify Alternative Harvest ETF and Vanguard Health Care Index Fund . As of Jun 30, 2024 , the former fund manager holds about 1.22% shares in the company for having 10.99 shares of worth $14.72 million while later fund manager owns 2.59 shares of worth $3.47 million as of Aug 31, 2024 , which makes it owner of about 0.29% of company’s outstanding stock.