The stock of Tilray Brands Inc. (NASDAQ:TLRY) last traded at $2.40, up 2.13% from the previous session.
Data from the available sources indicates that Tilray Brands Inc. (NASDAQ:TLRY) is covered by 18 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $4.25 and a low of $1.90, we find $2.38. Given the previous closing price of $2.35, this indicates a potential upside of 1.28 percent. TLRY stock price is now 17.73% away from the 50-day moving average and -8.47% away from the 200-day moving average. The market capitalization of the company currently stands at $1.63B.
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In total, 13 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $2.68 as their price target over the next twelve months.
With the price target of $3.90, Bernstein recently initiated with Mkt Perform rating for Tilray Brands Inc. (NASDAQ: TLRY).
In other news, Kennedy Brendan, Director sold 350,000 shares of the company’s stock on Nov 07. The stock was sold for $1,322,755 at an average price of $3.78. Upon completion of the transaction, the Director now directly owns 6,224,196 shares in the company, valued at $14.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 05, Director Kennedy Brendan sold 350,000 shares of the business’s stock. A total of $1,018,395 was realized by selling the stock at an average price of $2.91. This leaves the insider owning 6,574,196 shares of the company worth $15.78 million. Insiders disposed of 1,770,896 shares of company stock worth roughly $4.25 million over the past 1 year. A total of 1.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TLRY stock. A new stake in Tilray Brands Inc. shares was purchased by ETF MANAGERS GROUP, LLC during the first quarter worth $19,481,000. HIGHBRIDGE CAPITAL MANAGEMENT LLC invested $2,927,000 in shares of TLRY during the first quarter. In the first quarter, JEFFERIES FINANCIAL GROUP INC. acquired a new stake in Tilray Brands Inc. valued at approximately $2,040,000. TWINBEECH CAPITAL LP acquired a new stake in TLRY for approximately $1,970,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in TLRY valued at around $745,000 in the second quarter. In total, there are 401 active investors with 12.50% ownership of the company’s stock.
With an opening price of $2.3400 on Tuesday morning, Tilray Brands Inc. (NASDAQ: TLRY) set off the trading day. During the past 12 months, Tilray Brands Inc. has had a low of $1.50 and a high of $5.12. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 1.80, and a quick ratio of 1.30. The fifty day moving average price for TLRY is $2.0554 and a two-hundred day moving average price translates $2.6160 for the stock.
The latest earnings results from Tilray Brands Inc. (NASDAQ: TLRY) was released for May, 2023. According to the Drug Manufacturers – Specialty & Generic Company, earnings per share came in at -$0.15, missing analysts’ expectations of -$0.05 by -0.1. This compares to -$0.95 EPS in the same period last year. The company reported revenue of $184.19 million for the quarter, compared to $153.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.13 percent. For the current quarter, analysts expect TLRY to generate $173.51M in revenue.
