Tilray Brands (NASDAQ:TLRY - Get Free Report) released its earnings results on Monday. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.05, Zacks reports. Tilray Brands had a negative return on equity of 6.83% and a negative net margin of 265.69%. The firm had revenue of $224.54 million for the quarter, compared to the consensus estimate of $250.41 million.
Tilray Brands Stock Down 5.1%
TLRY stock traded down $0.03 during trading on Thursday, reaching $0.58. 29,791,041 shares of the company traded hands, compared to its average volume of 47,869,700. The business has a 50 day simple moving average of $0.50 and a 200 day simple moving average of $0.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 2.46. Tilray Brands has a 12 month low of $0.35 and a 12 month high of $2.11. The company has a market capitalization of $584.68 million, a price-to-earnings ratio of -0.25 and a beta of 1.82.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Tilray Brands to a "strong sell" rating in a report on Saturday, July 5th. Zelman & Associates reiterated a "neutral" rating on shares of Tilray Brands in a research note on Tuesday. Piper Sandler lowered their target price on shares of Tilray Brands from $2.00 to $1.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Roth Capital restated a "neutral" rating on shares of Tilray Brands in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Tilray Brands presently has a consensus rating of "Hold" and a consensus target price of $1.92.
Get Our Latest Report on TLRY
Insiders Place Their Bets
In other Tilray Brands news, CEO Irwin D. Simon acquired 165,000 shares of the stock in a transaction dated Wednesday, July 30th. The stock was purchased at an average price of $0.61 per share, with a total value of $100,650.00. Following the transaction, the chief executive officer directly owned 3,941,633 shares of the company's stock, valued at $2,404,396.13. This trade represents a 4.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Tilray Brands
A hedge fund recently raised its stake in Tilray Brands stock. AQR Capital Management LLC lifted its position in Tilray Brands, Inc. (NASDAQ:TLRY - Free Report) by 1,839.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 607,054 shares of the company's stock after acquiring an additional 575,757 shares during the period. AQR Capital Management LLC owned 0.06% of Tilray Brands worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 9.35% of the company's stock.
Tilray Brands Company Profile
(
Get Free Report)
Tilray, Inc engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc is headquartered in Canada.
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