As of Wednesday close, Tilray Brands Inc.’s (NASDAQ:TLRY) stock was up $0.01, moving up 0.41 percent to $2.47. The average number of shares traded per day over the past five days has been 37,481,301 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.47 fall in that time frame. In the last twenty days, the average volume was 42,468,410, while in the previous 50 days, it was 35,052,098.
Since last month, TLRY stock retreated -0.80%. Shares of the company fell to $2.22 on 08/25/23, the lowest level in the past month. A 52-week high of $5.12 was reached on 02/02/23 after having rallying from a 52-week low of $1.50. Since the beginning of this year, TLRY’s stock price has dropped by -8.18% or -$0.22, and marked a new high 7 times. However, the stock has declined by -51.76% since its 52-week high.
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TLRY stock investors should be aware that Tilray Brands Inc. (TLRY) stock had its last reported insider trading activity 318 days ago on Nov 07. Kennedy Brendan, the Director of the company, disposed of 350,000 shares for $3.78 on Nov 07. It resulted in a $1,322,755 divestment by the insider. Kennedy Brendan sold 350,000 shares at an average price of $2.91 on Oct 05. The insider now owns 6,574,196 shares following the transaction.
Valuation Metrics
The stock’s beta is 2.44. Besides these, the trailing price-to-sales (P/S) ratio of 2.82, the price-to-book (PB) ratio of 0.51.
Financial Health
In the three months ended May 30, Tilray Brands Inc.’s quick ratio stood at 1.30, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending May 30 was 0.11, and the total debt-to-equity ratio was 0.17. On the profitability front, the trailing twelve-month gross margin is 23.00% percent. Based on annual data, TLRY earned $146.96 million in gross profit and brought in $627.12 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -35.00%. Return on equity (ROE) for the past 12 months was -37.00%.
In Tilray Brands Inc.’s quarter-end financial report for May 30, it reported total debt of $136.89 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TLRY’s revenue rose 16.75% to $145.59 million during the quarter, while net income inched up to $184.19 million. While analysts expected Tilray Brands Inc. to report -$0.05 quarterly earnings, the actual figure was -$0.15 per share. During the quarter, the company generated -$60.99 million in EBITDA. The liabilities of Tilray Brands Inc. were 977.32 million at the end of its most recent quarter ended May 30, and its total debt was $590.13 million. The value of shareholders’ equity is $703.26 million.
Technical Picture
This quick technical analysis looks at Tilray Brands Inc.’s (TLRY) price momentum. With a historical volatility rate of 107.40%, the RSI 9-day stood at 36.56% on 20 September.
With respect to its five-day moving average, the current Tilray Brands Inc. price is down by -15.99% percent or -$0.47. At present, TLRY shares trade -0.80% below its 20-day simple moving average and +3.35% percent above its 100-day simple moving average. However, the stock is currently trading approximately +39.55% above its SMA50 and -40.77% below its SMA200.
Stochastic coefficient K was 13.30% and Stochastic coefficient D was 31.10%, while ATR was 0.28. Given the Stochastic reading of 5.10% for the 14-day period, the RSI (14) reading has been calculated as 43.55%. As of today, the MACD Oscillator reading stands at -0.35, while the 14-day reading stands at -0.40.
Analyst Ratings
Bernstein launched its rating on Tilray Brands Inc. (NASDAQ: TLRY) to a Mkt perform in a note to investors on November 02, 2022. Tilray Brands Inc. (TLRY) has been rated Overweight by analysts. According to 0 brokerage firms, TLRY is a sell, and 13 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Tilray Brands Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $2.38, the current consensus forecast for the stock is $1.90 – $4.25. Based on these forecasts, analysts predict Tilray Brands Inc. (TLRY) will achieve an average price target of $2.68.
