Tilray Brands Inc. (NASDAQ:TLRY) finished Wednesday with a subtraction of $0.0 to close at $2.49, a downside of 0.00 percent. An average of 17,858,439 shares of common stock have been traded in the last five days. There was a fall of -$0.14 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 33,857,660 shares traded, while the 50-day average volume stands at 24,634,715.
TLRY stock has increased by 48.21% in the last month. The company shares reached their 1-month lowest point of $1.65 on 07/24/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $1.50 and a high of $5.12 in 52 weeks. It has reached a new high 7 times so far this year and lost -7.43% or -$0.20 in price. In spite of this, the price is down -51.37% 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 290 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 2.40. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.81, the price-to-book (PB) ratio at 0.51.
Financial Health
The quick ratio of Tilray Brands Inc. for the three months ended May 30 was 1.30, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.11 and a total debt to equity ratio of 0.17 for the quarter ending May 30. Tilray Brands Inc.’s EBITDA margin for the year ending May 30 is -8.70%. Its gross profit as reported stood at $146.96 million compared to revenue of $627.12 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 -29.40%.
Earnings Surprise
For the three-month period that ended May 30, Tilray Brands Inc. had $136.89 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 -$138.71 million in the quarter, while revenues of -$1.17 billion were shrunk -244.7%. The analyst consensus anticipated Tilray Brands Inc.’s latest quarter earnings to come in at -$0.05 per share, but it turned out to be -$0.15, a -200.00% surprise. For the quarter, EBITDA amounted to -$60.99 million. Shareholders own equity worth $703.26 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 23 August was 51.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.93%.
As of today, TLRY’s price is $2.55 -5.32% or -$0.14 from its 5-day moving average. TLRY is currently trading +29.02% higher than its 20-day SMA and -1.19% lower than its 100-day SMA. However, the stock’s current price level is +49.10% above the SMA50 and -34.82% below the SMA200.
The stochastic %K and %D were 35.87% and 41.55%, respectively, and the average true range (ATR) was 0.22. With the 14-day stochastic at 35.87% and the average true range at 0.22, the RSI (14) stands at 55.10%. The stock has reached -0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.09.
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 Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TLRY, while 13 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 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 $1.90 and $4.25, with a median target of $2.38. Taking a look at these predictions, the average price target given by analysts for Tilray Brands Inc. (TLRY) stock is $2.68.
