In recent trading session, Tilray Brands Inc (NASDAQ:TLRY) saw 0.64 million shares changing hands at last check today with its beta currently measuring 2.11. Company’s recent per share price level of $1.36 trading at -$0.01 or -0.73% at last check today assigns it a market valuation of $1.23B. That most recent trading price of TLRY’s stock is at a discount of -118.38% from its 52-week high price of $2.97 and is indicating a premium of 5.88% from its 52-week low price of $1.28. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 25.21 million shares which gives us an average trading volume of 25.47 million if we extend that period to 3-months.
For Tilray Brands Inc (TLRY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 5 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.02 in the current quarter.
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Tilray Brands Inc (NASDAQ:TLRY) trade information
Upright in the red during last session for losing -0.73%, in the last five days TLRY remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $1.36 price level, adding 6.21% to its value on the day. Tilray Brands Inc’s shares saw a change of -40.87% in year-to-date performance and have moved 3.82% in past 5-day. Tilray Brands Inc (NASDAQ:TLRY) showed a performance of -19.53% in past 30-days. Number of shares sold short was 123.24 million shares which calculate 4.53 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5.26 to the stock, which implies a rise of 74.13% to its recent value today. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 19. It follows that stock’s current price would drop -47.06% in reaching the projected high whereas dropping to the targeted low would mean a loss of -47.06% for stock’s current value.
Tilray Brands Inc (TLRY) estimates and forecasts
Statistics highlight that Tilray Brands Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -24.44% of value to its shares in past 6 months, showing an annual growth rate of 57.58% while that of industry is -0.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 14.56% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 218.41M for the same. And 9 analysts are in estimates of company making revenue of 219.71M in the next quarter. Company posted 193.77M and 188.34M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 36.51% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 62.26% while estimates for its earnings growth in next 5 years are of 37.00%.
Tilray Brands Inc (NASDAQ:TLRY)’s Major holders
Insiders are in possession of 0.67% of company’s total shares while institution are holding 12.07 percent of that, with stock having share float percentage of 12.15%. Investors also watch the number of corporate investors in a company very closely, which is 12.07% institutions for Tilray Brands Inc that are currently holding shares of the company. TOROSO INVESTMENTS, LLC is the top institutional holder at TLRY for having 11.01 million shares of worth $18.28 million. And as of 2024-06-30, it was holding 1.4597 of the company’s outstanding shares.
The second largest institutional holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP, which was holding about 8.38 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.1113 of outstanding shares, having a total worth of $13.92 million.
On the other hand, Amplify ETF Tr-Amplify Alternative Harvest ETF and Vanguard Health Care Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 9.68 shares of worth $13.17 million or 1.07% of the total outstanding shares. The later fund manager was in possession of 2.59 shares on Aug 31, 2024 , making its stake of worth around $3.52 million in the company or a holder of 0.29% of company’s stock.
