Tilray Brands Inc (NASDAQ:TLRY) shares traded 1.44% higher at $0.45 on Wall Street last session.
TLRY stock price is now -13.24% away from the 50-day moving average and -61.33% away from the 200-day moving average. The market capitalization of the company currently stands at $461.18M.
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, Merton Carl A, Chief Financial Officer bought 26,000 shares of the company’s stock on Nov 15 ’24. The stock was bought for $35,360 at an average price of $1.36. Upon completion of the transaction, the Chief Financial Officer now directly owns 26,000 shares in the company, valued at $11700.0. A total of 0.63% of the company’s stock is owned by insiders.
During the past 12 months, Tilray Brands Inc has had a low of $0.41 and a high of $2.15. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 2.62, and a quick ratio of 1.61.
The net profit margin was -114.40% and return on equity was -31.06% for TLRY. The company reported revenue of $185.78 million for the quarter, compared to $188.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.36 percent. For the current quarter, analysts expect TLRY to generate $249.66M in revenue.
