Tilray Brands Inc (NASDAQ:TLRY) shares, rose in value on Thursday, March 27, with the stock price up by 8.97% to the previous day’s close as strong demand from buyers drove the stock to $0.71.
Actively observing the price movement in the last trading, the stock closed the session at $0.66, falling within a range of $0.65 and $0.7349. The value of beta (5-year monthly) was 2.037. Referring to stock’s 52-week performance, its high was $2.97, and the low was $0.58. On the whole, TLRY has fluctuated by -10.46% over the past month.
With the market capitalization of Tilray Brands Inc currently standing at about $669.49 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-09.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 893.14M, with a low estimate of 194.4M and a high estimate of 217.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 211.57M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TLRY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of TLRY currently trading nearly 7.42% and -17.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.41, while the 7-day volatility ratio is showing 6.72% which for the 30-day chart, stands at 7.87%. Furthermore, Tilray Brands Inc (TLRY)’s beta value is 1.91, and its average true range (ATR) is 0.06.
A comparison of Tilray Brands Inc (TLRY) with its peers suggests the former has fared considerably weaker in the market. TLRY showed an intraday change of 8.97% in last session, and over the past year, it shrunk by -66.79%%.
Data on historical trading for Tilray Brands Inc (NASDAQ:TLRY) indicates that the trading volumes over the past 10 days have averaged 32.45 and over the past 3 months, they’ve averaged 43.20 million. According to company’s latest data on outstanding shares, there are 937.65 million shares outstanding.
Nearly 0.65% of Tilray Brands Inc’s shares belong to company insiders and institutional investors own 10.76% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 166.29 million shares as on 2025-03-14, resulting in a short ratio of 3.99. According to the data, the short interest in Tilray Brands Inc (TLRY) stood at 1792.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 141.03 million. The stock has fallen by -46.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TLRY stock heading into the next quarter.
