Tilray Brands Inc (NASDAQ:TLRY) price on Wednesday, July 31, rose 1.00% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.03.
A look at the stock’s price movement, the close in the last trading session was $2.01. Turning to its 52-week performance, $3.40 and $1.60 were the 52-week high and 52-week low respectively. Overall, TLRY moved 20.83% over the past month.
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Tilray Brands Inc’s market cap currently stands at around $1.68 billion.
Analysts have a consensus estimate of 214.48M for the company’s revenue for the quarter, with a low and high estimate of 202M and 229M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 888.18M, representing a 12.60% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TLRY is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 75% Buy category.
TLRY’s current price about 10.97% and 13.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.12, while 7-day volatility ratio is 5.87% and 5.35% in the 30-day chart. Further, Tilray Brands Inc (TLRY) has a beta value of 2.18, and an average true range (ATR) of 0.11.
If we refocus on Tilray Brands Inc (NASDAQ:TLRY), historical trading data shows that trading volumes averaged 20.27 million over the past 3 months. The company’s latest data on shares outstanding shows there are 831.93 million shares.
The 0.59% of Tilray Brands Inc’s shares are in the hands of company insiders while institutional holders own 10.83% of the company’s shares. Current price change has pushed the stock -11.74% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TLRY stock continues to rise going into the next quarter.
