The stock of Tilray Brands Inc. (NASDAQ:TLRY) decreased by -$0.07 on Friday to finish at $2.55, down -2.67 percent. The last five days have seen an average of 48,342,320 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$0.13. The average number of shares traded over the last 20 days was 34,617,352, while the average volume over the last 50 days totaled 24,311,063.
TLRY stock appreciated 53.61% since last month. On 07/21/23, the company’s shares reached a one-month low of $1.62. The stock touched a high of $5.12 on 02/02/23, after rallying from a low of $1.50 in 52 weeks. The price of TLRY stock has declined by -5.20% or -$0.13 this year, reaching a new high 7 times. Still, the stock price is down -50.20% from the 52-week high.
Insider Transactions
TLRY stock investors should be aware that Tilray Brands Inc. (TLRY) stock had its last reported insider trading activity 280 days ago on Nov 07. On Nov 07, Director Kennedy Brendan sold 350,000 shares at $3.78 each. This transaction resulted in the insider making $1,322,755. On Oct 05, Kennedy Brendan sold 350,000 shares at a price of US$2.91. After the transaction, the insider now owns 6,574,196 shares. Director Kennedy Brendan had earlier sold 350,000 shares on Sep 06 for $3.22 a share. The transaction was completed for $1,128,015.
Valuation Metrics
Beta for the stock is 2.40. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.86, the price-to-book (PB) ratio of 0.52.
Financial Health
For the three months ended May 30, Tilray Brands Inc.’s quick ratio was 1.30, while its current ratio was 1.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending May 30 is 0.11, and the total debt to equity ratio is 0.18. As far as profitability goes, gross margin for the trailing twelve months is 23.00% percent. Based on annual data, it had gross profit of $146.96 million and revenue of $627.12 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TLRY’s return on assets (ROA) during the last 12 months has been -29.40%. There was a -34.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -37.00%.
Earnings Surprise
According to Tilray Brands Inc.’s quarterly financial report for the quarter that ended May 30, it had $136.89 million in total debt versus $241.9 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $184.19 million, while revenues rose by 16.75% to $145.59 million. It was predicted that Tilray Brands Inc.’s quarterly earnings would be -$0.15, but it ended up being -$0.05. EBITDA was -$60.99 million for the quarter. At the end of Tilray Brands Inc.’s most recent quarter ended May 30, its liabilities totaled 977.32 million, while its total debt was $590.13 million. Equity owned by shareholders amounts to $703.26 million.
Technical Picture
Here’s a quick look at Tilray Brands Inc.’s (TLRY) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 58.31%, suggesting the stock is Neutral, with a 174.51% historical volatility rate.
The stochastic %K and %D were 63.91% and 73.42% respectively, while the average true range (ATR) was 0.25. Based on the 14-day stochastic reading of 56.31%, the RSI (14) reading is 59.82%. On the 9-day MACD Oscillator, the stock is at 0.05, and the 14-day reading is at 0.16.
Analyst Ratings
In its analyst report released on November 02, 2022, Bernstein began covering Tilray Brands Inc. (NASDAQ: TLRY). The stock was rated as a Mkt perform by the brokerage firm. Analysts have assigned Tilray Brands Inc. (TLRY) an Overweight rating. TLRY is a stock that is recommended for selling by 0 brokerage firms, while 13 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is TLRY’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.90 and $4.25, with a median target price of $2.38. In analyzing these forecasts, the average price target given by analysts for Tilray Brands Inc. (TLRY) is $2.68.
