Tilray Brands Inc. (NASDAQ:TLRY) traded at $3.18 at close of the session on Monday, 01/23/23, made an upward move of 4.26% on its previous day’s price.
Looking at the stock we see that its previous close was $3.05 with the day’s price range being $3.06 – $3.235. In terms of its 52-week price range, TLRY has a high of $9.08 and a low of $2.52. The company’s stock has gained about 12.37% over that past 30 days.
Tilray Brands Inc. has a market cap of $1.89 billion and is expected to release its quarterly earnings report on Apr 04, 2023 – Apr 10, 2023.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $247.29 million, with a low of $247.29 million and a high of $247.29 million.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the TLRY stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 18 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 14 have rated the Tilray Brands Inc. (TLRY) stock as a Hold, while 4 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 9.60% off its SMA20 and -7.11% from its 50-day simple moving average. The RSI (14) is pointing at 52.19 while the volatility over the past week is 6.33% and jumps to 6.44% over the past one month. The beta value is 2.67, while the average true range (ATR) is currently pointing at 0.22. The average price target for the stock over the next 12 months is $4.15, with the estimates having a low of $2.85 and a high of $9.00. These price ends are 10.38% and -183.02% off the current price level respectively, although investors could be excited at the prospect of a -3.46% if the TLRY share price touches on the median price of $3.29.
Coming back to Tilray Brands Inc. (NASDAQ:TLRY), we note that the average 3-month trading volume was 21.75 million, while that of the preceding 10-day period stands at 20.67 million. Current shares outstanding are 611.71 million.
The insiders hold 1.40% of the company’s shares while institutions hold 12.50%. The data shows that short shares as of Oct 13, 2022, stood at 60.14 million at a short ratio of 2.44. This represents a 9.84% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 64.51 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 18.22% up in year-to-date price movement.