During the recent session, Tilray Brands Inc (NASDAQ:TLRY)’s traded shares were 10.12 million, with the beta value of the company hitting 2.07. At the last check today, the stock’s price was $1.11, reflecting an intraday loss of -1.36% or -$0.02. The 52-week high for the TLRY share is $2.97, that puts it down -167.57 from that peak though still a striking -1.8% loss since the share price plummeted to a 52-week low of $1.13. The company’s market capitalization is $1.05B, and the average intraday trading volume over the past 10 days was 43.72 million shares, and the average trade volume was 34.77 million shares over the past three months.
Tilray Brands Inc (TLRY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.53. TLRY has a Sell rating from 1 analyst(s) out of 5 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.03.
Tilray Brands Inc (NASDAQ:TLRY) trade information
Tilray Brands Inc (TLRY) registered a -1.36% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.36% in intraday trading to $1.11, hitting a weekly high. The stock’s 5-day price performance is -5.54%, and it has moved by -3.91% in 30 days. Based on these gigs, the overall price performance for the year is -45.09%. The short interest in Tilray Brands Inc (NASDAQ:TLRY) is 114.53 million shares and it means that shorts have 3.99 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.25, which implies an increase of 50.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $2.5 respectively. As a result, TLRY is trading at a discount of -125.23% off the target high and -80.18% off the low.
Tilray Brands Inc (TLRY) estimates and forecasts
Statistics show that Tilray Brands Inc has outperformed its competitors in share price, compared to the industry in which it operates. Tilray Brands Inc (TLRY) shares have gone down -41.03% during the last six months, with a year-to-date growth rate more than the industry average at 39.39% against -3.10. In the rating firms’ projections, revenue will increase 13.58% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 213.78M as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 274.62M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 188.34M and 229.88M respectively. In this case, analysts expect current quarter sales to grow by 13.51% and then jump by 19.46% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 36.51%. While earnings are projected to return 43.93% in 2025.
TLRY Dividends
Tilray Brands Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Tilray Brands Inc (NASDAQ:TLRY)’s Major holders
Tilray Brands Inc insiders own 0.67% of total outstanding shares while institutional holders control 11.23%, with the float percentage being 11.31%. TOROSO INVESTMENTS, LLC is the largest shareholder of the company, while 409.0 institutions own stock in it. As of 2024-06-30, the company held over 11.01 million shares (or 1.4597% of all shares), a total value of $18.28 million in shares.
The next largest institutional holding, with 8.38 million shares, is of SUSQUEHANNA INTERNATIONAL GROUP, LLP’s that is approximately 1.1113% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $13.92 million.
Also, the Mutual Funds coming in first place with the largest holdings of Tilray Brands Inc (TLRY) shares are Amplify ETF Tr-Amplify Alternative Harvest ETF and Vanguard Health Care Index Fund. Data provided on Sep 30, 2024 indicates that Amplify ETF Tr-Amplify Alternative Harvest ETF owns about 9.68 shares. This amounts to just over 1.03 percent of the company’s overall shares, with a $10.84 million market value. The same data shows that the other fund manager holds slightly less at 2.59, or about 0.28% of the stock, which is worth about $2.9 million.
