Tilray Brands Inc (NASDAQ:TLRY) price on Tuesday, December 24, fall -1.40% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.41.
A look at the stock’s price movement, the close in the last trading session was $1.43, moving within a range at $1.38 and $1.53. The beta value (5-Year monthly) was 2.188. Turning to its 52-week performance, $2.97 and $1.14 were the 52-week high and 52-week low respectively. Overall, TLRY moved 6.72% over the past month.
Tilray Brands Inc’s market cap currently stands at around $1.26 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 216.33M for the company’s revenue for the quarter, with a low and high estimate of 211.3M and 223M respectively. The average forecast suggests up to a 11.64% 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 902.68M, representing a 14.42% 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 50% 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 9.73% and -1.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.89, while 7-day volatility ratio is 9.54% and 6.16% in the 30-day chart. Further, Tilray Brands Inc (TLRY) has a beta value of 2.09, and an average true range (ATR) of 0.09. Analysts have given the company’s stock an average 52-week price target of $2.25, forecast between a low of $2 and high of $2.5. Looking at the price targets, the low is -41.84% off current price level while to achieve the yearly target high, price needs to move -77.3%. Nonetheless, investors will most likely welcome a -59.57% jump to $2.25 which is the analysts’ median price.
If we refocus on Tilray Brands Inc (NASDAQ:TLRY), historical trading data shows that trading volumes averaged 40.8 over the past 10 days and 29.22 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 10.26% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 108.65 million on 2024-11-29, giving us a short ratio of 3.83. The data shows that as of 2024-11-29 short interest in Tilray Brands Inc (TLRY) stood at 1210.9999 of shares outstanding, with shares short falling to 112.73 million registered in 2024-10-31. Current price change has pushed the stock -37.83% 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.
