Tilray Brands Inc (NASDAQ:TLRY) shares traded 10.98% higher at $1.92 on Wall Street last session.
TLRY stock price is now 2.55% away from the 50-day moving average and -4.98% away from the 200-day moving average. The market capitalization of the company currently stands at $1.43B.
With the price target of $3.90, Bernstein recently initiated with Mkt Perform rating for Tilray Brands Inc (NASDAQ: TLRY). On July 29, 2022, The Benchmark Company Downgraded its previous ‘Hold’ rating to ‘Sell’ on the stock keeping its target price maintained at $3, while ‘Canaccord Genuity’ rates the stock as ‘Buy’
In other news, FALTISCHEK DENISE M, Chief Strategy Officer bought 10,000 shares of the company’s stock on Jan 17 ’24. The stock was bought for $20,500 at an average price of $2.05. Upon completion of the transaction, the Chief Strategy Officer now directly owns 293,269 shares in the company, valued at $0.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 16 ’24, Global General Counsel Gendel Mitchell bought 7,200 shares of the business’s stock. A total of $14,256 was incurred on buying the stock at an average price of $1.98. This leaves the insider owning 195,796 shares of the company worth $0.38 million. A total of 1.34% of the company’s stock is owned by insiders.
During the past 12 months, Tilray Brands Inc has had a low of $1.50 and a high of $3.40. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 1.63, and a quick ratio of 0.99. The fifty day moving average price for TLRY is $1.8648 and a two-hundred day moving average price translates $2.0219 for the stock.
The latest earnings results from Tilray Brands Inc (NASDAQ: TLRY) was released for Nov, 2023. According to the Drug Manufacturers – Specialty & Generic Company, earnings per share came in at -$0.07, missing analysts’ expectations of -$0.06 by -0.01. This compares to -$0.10 EPS in the same period last year. The net profit margin was -204.18% and return on equity was -36.49% for TLRY. The company reported revenue of $193.77 million for the quarter, compared to $144.14 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.44 percent. For the current quarter, analysts expect TLRY to generate $199.71M in revenue.
