Tilray Brands Inc (NASDAQ:TLRY) price on current trading day, fall -4.96% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.64.
A look at the stock’s price movement, the close in the last trading session was $0.68, moving within a range at $0.6301 and $0.6806. The beta value (5-Year monthly) was 2.037. Turning to its 52-week performance, $2.97 and $0.58 were the 52-week high and 52-week low respectively. Overall, TLRY moved -28.21% over the past month.
Tilray Brands Inc’s market cap currently stands at around $602.16 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-09.
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 -10.09% and -32.05% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.09, while 7-day volatility ratio is 7.71% and 8.79% in the 30-day chart. Further, Tilray Brands Inc (TLRY) has a beta value of 1.88, and an average true range (ATR) of 0.06. Analysts have given the company’s stock an average 52-week price target of $2, forecast between a low of $2 and high of $2. Looking at the price targets, the low is -212.5% off current price level while to achieve the yearly target high, price needs to move -212.5%. Nonetheless, investors will most likely welcome a -212.5% jump to $2 which is the analysts’ median price.
If we refocus on Tilray Brands Inc (NASDAQ:TLRY), historical trading data shows that trading volumes averaged 43.2 over the past 10 days and 45.55 million over the past 3 months. The company’s latest data on shares outstanding shows there are 937.65 million shares.
The 0.65% of Tilray Brands Inc’s shares are in the hands of company insiders while institutional holders own 10.79% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 162.14 million on 2025-02-28, giving us a short ratio of 3.31. The data shows that as of 2025-02-28 short interest in Tilray Brands Inc (TLRY) stood at 1746.9999000000003 of shares outstanding, with shares short rising to 122.61 million registered in 2025-01-31. Current price change has pushed the stock -51.71% 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.
