Analysts Issue Research Notes On Tilray Brands Inc. (TLRY)

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Tilray Brands Inc. (NASDAQ:TLRY) finished Thursday with an addition of $0.1 to close at $2.68, an upside of 3.88 percent. An average of 14,846,601 shares of common stock have been traded in the last five days. There was a fall of -$0.22 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 24,989,410 shares traded, while the 50-day average volume stands at 22,083,848.

TLRY stock has decreased by -27.96% in the last month. The company shares reached their 1-month lowest point of $2.52 on 12/28/22. With the stock rallying to its 52-week high on 03/30/22, shares of the company touched a low of $2.52 and a high of $9.08 in 52 weeks. It has reached a new high 5 times so far this year and lost -61.88% or -$4.35 in price. In spite of this, the price is down -70.48% from the 52-week high.


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Insider Transactions

TLRY stock investors should be aware that Tilray Brands Inc. (TLRY) stock had its last reported insider trading activity 53 days ago on Nov 07. In this transaction, the insider spent $1,322,755. Director, Kennedy Brendan, disposed of 350,000 shares at a price of $2.91 on Oct 05. The insider now owns more than $1,018,395 worth of shares. Prior to that, Director Kennedy Brendan went on to Sale 350,000 shares at $3.22 each on Sep 06. An amount of $1,128,015 was transacted.

Valuation Metrics

Tilray Brands Inc. (TLRY) stock’s beta is 2.65. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.68, the price-to-book (PB) ratio at 0.34.

Financial Health

The quick ratio of Tilray Brands Inc. for the three months ended November 29 was 2.40, and the current ratio was 3.30, 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 -9.00%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$73.48 million in the quarter, while revenues of -$478.14 million were grew 43.32%. 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 $12.89 million. Shareholders own equity worth $611.4 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 29 December was 29.07%, suggesting the stock is oversold, with historical volatility in this time frame at 61.00%.

As of today, TLRY’s price is $2.70 -7.59% or -$0.22 from its 5-day moving average. TLRY is currently trading -30.75% lower than its 20-day SMA and -37.67% lower than its 100-day SMA. However, the stock’s current price level is -20.71% below the SMA50 and -46.40% below the SMA200.

The stochastic %K and %D were 6.40% and 4.62%, respectively, and the average true range (ATR) was 0.22. With the 14-day stochastic at 13.33% and the average true range at 0.25, the RSI (14) stands at 33.46%. The stock has reached -0.20 on the 9-day MACD Oscillator while the 14-day reading was at -0.42.

Analyst Ratings

Bernstein launched coverage on Tilray Brands Inc. (NASDAQ: TLRY) in its analyst report released on November 02, 2022. The firm assigned the stock a Mkt perform rating. The consensus rating for Tilray Brands Inc. (TLRY) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell TLRY, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

What is TLRY’s price target for the next 12 months?

Analysts predict a range of price targets between $2.00 and $9.00, with a median target of $3.96. Taking a look at these predictions, the average price target given by analysts for Tilray Brands Inc. (TLRY) stock is $4.42.

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