In yesterday’s Wall Street session, Tilray Brands Inc (NASDAQ:TLRY) shares traded at $1.72, down -0.58% from the previous session.
TLRY stock price is now -11.54% away from the 50-day moving average and -17.40% away from the 200-day moving average. The market capitalization of the company currently stands at $1.33B.
With the price target enhanced from $2.25 to $2.75, Alliance Global Partners maintained Neutral rating for Tilray Brands Inc (NASDAQ: TLRY). On November 02, 2022, Bernstein recently initiated its ‘Mkt Perform’ rating on the stock quoting a target price of $3.90, while ‘The Benchmark Company’ rates the stock as ‘Sell’
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 $0.5 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 $0.34 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 0.14, a current ratio of 1.92, and a quick ratio of 1.18.
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 -$1.94 EPS in the same period last year. The net profit margin was -47.35% and return on equity was -10.41% for TLRY. The company reported revenue of $188.34 million for the quarter, compared to $145.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.36 percent. For the current quarter, analysts expect TLRY to generate $225.25M in revenue.
