Tilray Brands Inc (NASDAQ:TLRY) price on Wednesday, February 05, rose 7.00% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.07.
A look at the stock’s price movement, the close in the last trading session was $1.00, moving within a range at $1.0101 and $1.2. The beta value (5-Year monthly) was 2.188. Turning to its 52-week performance, $2.97 and $0.97 were the 52-week high and 52-week low respectively. Overall, TLRY moved -26.21% over the past month.
Tilray Brands Inc’s market cap currently stands at around $1.00 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 213.78M for the company’s revenue for the quarter, with a low and high estimate of 201M and 217.6M respectively. The average forecast suggests up to a 13.51% 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 896.11M, representing a 13.58% 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 -6.96% and -14.62% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.52, while 7-day volatility ratio is 10.01% and 6.52% 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 -86.92% off current price level while to achieve the yearly target high, price needs to move -133.64%. Nonetheless, investors will most likely welcome a -110.28% 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 41.65 over the past 10 days and 37.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 937.65 million shares.
The 0.69% of Tilray Brands Inc’s shares are in the hands of company insiders while institutional holders own 9.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 114.53 million on 2024-12-13, giving us a short ratio of 3.99. The data shows that as of 2024-12-13 short interest in Tilray Brands Inc (TLRY) stood at 1277.0000000000002 of shares outstanding, with shares short falling to 123.24 million registered in 2024-11-15. Current price change has pushed the stock -19.55% 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.
