Tilray Brands Inc (NASDAQ:TLRY) has a beta value of 2.11 and has seen 6.81 million shares traded in the recent trading session. The company, currently valued at $1.10B, closed the recent trade at $1.21 per share which meant it lost -$0.03 on the day or -2.15% during that session. The TLRY stock price is -145.45% off its 52-week high price of $2.97 and 4.96% above the 52-week low of $1.15. If we look at the company’s 10-day average daily trading volume, we find that it stood at 34.04 million shares traded. The 3-month trading volume is 27.76 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. The expected earnings per share for the stock is -0.01.
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Tilray Brands Inc (NASDAQ:TLRY) trade information
Sporting -2.15% in the red today, 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 $1.21 or saw a rise of 3.97%. Year-to-date, Tilray Brands Inc shares have moved -47.25%, while the 5-day performance has seen it change -3.71%. Over the past 30 days, the shares of Tilray Brands Inc (NASDAQ:TLRY) have changed -8.08%. Short interest in the company has seen 108.65 million shares shorted with days to cover at 3.83.
Wall Street analysts have a consensus price target for the stock at $2.25, which means that the shares’ value could jump 46.22% from the levels at last check today. The projected low price target is $2.0 while the price target rests at a high of $2.5. In that case, then, we find that the latest price level in today’s session is -106.61% off the targeted high while a plunge would see the stock gain -65.29% 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 -28.21% over the past 6 months, with this year growth rate of 57.58%, compared to -2.00% for the industry. Revenue growth from the last financial year stood is estimated to be 14.42%.
9 analysts offering their estimates for the company have set an average revenue estimate of 216.33M for the current quarter. 9 have an estimated revenue figure of 217.81M for the next ending quarter. Year-ago sales stood 193.77M and 188.34M respectively for this quarter and the next, and analysts expect sales will grow by 11.64% for the current quarter and 14.42% for the next.
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 62.53% 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 January 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 12.10% with a share float percentage of 12.18%. Investors are also buoyed by the number of investors in a company, with Tilray Brands Inc having a total of 415.0 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 Sep 30, 2024, the former fund manager holds about 1.07% shares in the company for having 9.68 shares of worth $11.77 million while later fund manager owns 2.59 shares of worth $3.15 million as of Aug 31, 2024, which makes it owner of about 0.29% of company’s outstanding stock.
