Tilray Brands Inc (NASDAQ:TLRY) saw an upside of 7.08% to close Monday at $2.57 after adding $0.17 on the day. The 5-day average trading volume is 22,590,180 shares of the company’s common stock. It has gained $2.64 in the past week and touched a new high 1 time within the past 5 days. An average of 43,511,574 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 35,081,871.
TLRY’s 1-month performance is 13.72% or $0.23 on its low of $2.28 reached on 08/28/23. The company’s shares have touched a 52-week low of $1.50 and high of $5.12, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, TLRY has lost -4.46% or -$0.12 and has reached a new high 7 times. However, the current price is down -49.80% from the 52-week high price.
Insider Transactions
TLRY stock investors last saw insider trading activity on Nov 07.Kennedy Brendan (Director) most recently sold 350,000 shares at $3.78 per share on Nov 07. This transaction cost the insider $1,322,755. Director, Kennedy Brendan, sold 350,000 shares at a price of $2.91 on Oct 05.
Valuation Metrics
TLRY stock has a beta of 2.44. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.88 while the price-to-book (PB) in the most recent quarter is 0.51.
Tilray Brands Inc’s quick ratio for the period ended May 30 was 1.32, with the current ratio over the same period at 1.79. As well, the company’s long term debt to equity for the quarter ending May 30 was 0.11, while the total debt to equity was 0.18. In terms of profitability, the gross margin trailing 12 months is 8.09%. The trailing 12-month EBITDA margin is -8.70% while for the period ending May 30, Tilray Brands Inc’s operating margin was -29.46%. The firm’s gross profit as reported stood at $146.96 million against revenue of $627.12 million.
Earnings Surprise
For the quarterly period ending May 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -244.7% to -$138.71 million, while revenue of -$1.17 billion was -744.21% off the previous quarter. Analysts expected TLRY to announce -$0.05 per share in earnings in its latest quarter, but it posted -$0.15, representing a -200.00% surprise. EBITDA for the quarter stood at more than -$60.99 million. TLRY stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 977.32 million, with total debt at $590.13 million. Shareholders hold equity totaling $703.26 million.
Let’s look briefly at Tilray Brands Inc (TLRY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 45.27% to suggest the stock is trending Neutral, with historical volatility in this time period at 82.28%.
The stock’s 5-day moving average is $2.46, reflecting a +0.39% or $0.01 change from its current price. TLRY is currently trading +9.83% above its 20-day SMA, +12.72% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +54.82% and SMA200 by-36.70%.
Stochastic %K and %D was 10.75% and 7.45% and the average true range (ATR) pointed at 0.24. The RSI (14) points at 47.90%, while the 14-day stochastic is at 22.33% with the period’s ATR at 0.25. The stock’s 9-day MACD Oscillator is pointing at -0.18 and -0.33 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Tilray Brands Inc (NASDAQ: TLRY), Bernstein launched coverage with a Mkt perform rating. Analysts offering their rating for TLRY stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TLRY as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is TLRY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.90 and a high of $4.25, with their median price target at $2.38. Looking at these predictions, the average price target given by analysts is for Tilray Brands Inc (TLRY) stock is $2.68.
