In the latest trading session, 11.8 million Tilray Brands Inc (NASDAQ:TLRY) shares changed hands as the company’s beta touched 2.10. With the company’s most recent per share price at $0.85 changed hands at -$0.1 or -10.48% at last look, the market valuation stands at $798.70M. TLRY’s current price is a discount, trading about -249.41% off its 52-week high of $2.97. The share price had its 52-week low at $0.83, which suggests the last value was 2.35% up since then.
Analysts gave the Tilray Brands Inc (TLRY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.53. If we narrow down to specifics, the data shows that 1 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended TLRY as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Tilray Brands Inc’s EPS for the current quarter is expected to be -0.03.
Tilray Brands Inc (NASDAQ:TLRY) trade information
Instantly TLRY was in red as seen in intraday trades today. With action -8.68%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -35.95%, with the 5-day performance at -8.68% in the red. However, in the 30-day time frame, Tilray Brands Inc (NASDAQ:TLRY) is -23.95% down.
The consensus price target for the stock as assigned by Wall Street analysts is 2.25, meaning bulls need an upside of 62.22% from its recent market value. According to analyst projections, TLRY’s forecast low is 2 with 2.5 as the target high. To hit the forecast high, the stock’s price needs a -194.12% plunge from its current level, while the stock would need to soar -135.29% for it to hit the projected low.
Tilray Brands Inc (TLRY) estimates and forecasts
Year-over-year growth is forecast to reach 13.58% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 213.78M. 9 analysts are of the opinion that Tilray Brands Inc’s revenue for the current quarter will be 274.62M. The company’s revenue for the corresponding quarters a year ago was 188.34M and 229.88M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 13.51%. The estimates for the next quarter sales put growth at 19.46%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 36.51%. The 2025 estimates are for Tilray Brands Inc earnings to increase by 43.93%, but the outlook for the next 5-year period is at 60.20% per year.
Tilray Brands Inc (NASDAQ:TLRY)’s Major holders
SUSQUEHANNA INTERNATIONAL GROUP, LLP holds the second largest percentage of outstanding shares, with 1.1113% or 8.38 million shares worth $13.92 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Amplify ETF Tr-Amplify Alternative Harvest ETF and Vanguard Health Care Index Fund. With 9.68 shares estimated at $8.16 million under it, the former controlled 1.03% of total outstanding shares. On the other hand, Vanguard Health Care Index Fund held about 0.32% of the shares, roughly 2.97 shares worth around $2.5 million.
