Is Wall Street High Or Low On Tilray Brands Inc. (TLRY)?

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Tilray Brands Inc. (NASDAQ:TLRY) finished Thursday with a subtraction of -$0.18 to close at $2.80, a downside of -6.04 percent. An average of 15,673,260 shares of common stock have been traded in the last five days. There was a fall of -$0.59 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 18,435,125 shares traded, while the 50-day average volume stands at 27,100,408.

TLRY stock has decreased by -21.79% in the last month. The company shares reached their 1-month lowest point of $2.80 on 09/22/22. With the stock rallying to its 52-week high on 03/30/22, shares of the company touched a low of $2.98 and a high of $13.95 in 52 weeks. It has reached a new high 5 times so far this year and lost -60.17% or -$4.23 in price. In spite of this, the price is down -79.93% from the 52-week high.


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Insider Transactions

17 days have passed since Tilray Brands Inc. (TLRY) last reported insider trading activity. Kennedy Brendan, who is Director, most recently acquired $350,000 shares at $3.22 per share on Sep 06. In this transaction, the insider spent $1,128,015. Director, Kennedy Brendan, disposed of 350,000 shares at a price of $3.09 on Jul 05. The insider now owns more than $1,081,675 worth of shares.

Valuation Metrics

Tilray Brands Inc. (TLRY) stock’s beta is 2.52. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.75, the price-to-book (PB) ratio at 0.33.

Financial Health

The quick ratio of Tilray Brands Inc. for the three months ended November 29 was 2.00, and the current ratio was 2.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.12 and a total debt to equity ratio of 0.14 for the quarter ending November 29. Its gross profit as reported stood at $116.82 million compared to revenue of $628.37 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Tilray Brands Inc.’s return on assets was -8.30%.

Earnings Surprise

For the three-month period that ended November 29, Tilray Brands Inc. had $117.88 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$137.39 million in the quarter, while revenues of $43.19 million were shrunk -148.17%. The analyst consensus anticipated Tilray Brands Inc.’s latest quarter earnings to come in at -$0.13 per share, but it turned out to be $0.04, a 130.80% surprise. For the quarter, EBITDA amounted to -$426.65 million. Shareholders own equity worth $536.39 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Tilray Brands Inc. (TLRY) price momentum. RSI 9-day as of the close on 22 September was 25.72%, suggesting the stock is oversold, with historical volatility in this time frame at 50.02%.

As of today, TLRY’s price is $3.05 -17.40% or -$0.59 from its 5-day moving average. TLRY is currently trading -25.53% lower than its 20-day SMA and -43.78% lower than its 100-day SMA. However, the stock’s current price level is -13.04% below the SMA50 and -69.40% below the SMA200.

The stochastic %K and %D were 15.99% and 15.99%, respectively, and the average true range (ATR) was 0.20. With the 14-day stochastic at 0.00% and the average true range at 0.22, the RSI (14) stands at 33.16%. The stock has reached -0.25 on the 9-day MACD Oscillator while the 14-day reading was at -0.28.

Analyst Ratings

The Benchmark Company downgraded Tilray Brands Inc. (NASDAQ: TLRY) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Hold.

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