Tilray Brands Inc (NASDAQ:TLRY) price on Wednesday, November 13, fall -2.04% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.44.
A look at the stock’s price movement, the close in the last trading session was $1.47, moving within a range at $1.4 and $1.48. The beta value (5-Year monthly) was 2.188. Turning to its 52-week performance, $2.97 and $1.36 were the 52-week high and 52-week low respectively. Overall, TLRY moved -8.28% over the past month.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Tilray Brands Inc’s market cap currently stands at around $1.30 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 218.41M for the company’s revenue for the quarter, with a low and high estimate of 211.3M and 233M respectively. The average forecast suggests up to a 12.71% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 913.05M, representing a 15.73% 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 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 2 recommend TLRY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TLRY’s current price about -10.73% and -13.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.42, while 7-day volatility ratio is 6.52% and 5.22% in the 30-day chart. Further, Tilray Brands Inc (TLRY) has a beta value of 2.13, and an average true range (ATR) of 0.09. Analysts have given the company’s stock an average 52-week price target of $5.2579901200000005, forecast between a low of $2 and high of $19. Looking at the price targets, the low is -38.89% off current price level while to achieve the yearly target high, price needs to move -1219.44%. Nonetheless, investors will most likely welcome a -265.14% jump to $5.2579901200000005 which is the analysts’ median price.
If we refocus on Tilray Brands Inc (NASDAQ:TLRY), historical trading data shows that trading volumes averaged 33.69 over the past 10 days and 24.65 million over the past 3 months. The company’s latest data on shares outstanding shows there are 903.29 million shares.
The 0.69% of Tilray Brands Inc’s shares are in the hands of company insiders while institutional holders own 9.37% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 112.73 million on 2024-10-31, giving us a short ratio of 4.55. The data shows that as of 2024-10-31 short interest in Tilray Brands Inc (TLRY) stood at 1256.0001000000002 of shares outstanding, with shares short rising to 101.64 million registered in 2024-09-30. Current price change has pushed the stock -37.39% 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.
