Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $1.06, but opened at $1.10. Tilray Brands shares last traded at $1.13, with a volume of 12,128,373 shares changing hands.
Analyst Ratings Changes
A number of brokerages recently issued reports on TLRY. Wall Street Zen lowered shares of Tilray Brands to a "strong sell" rating in a report on Saturday, July 5th. Jefferies Financial Group upped their price objective on shares of Tilray Brands from $1.50 to $2.00 and gave the company a "buy" rating in a report on Monday, August 25th. Finally, Zelman & Associates reissued a "neutral" rating on shares of Tilray Brands in a report on Tuesday, July 29th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $1.94.
Get Our Latest Analysis on Tilray Brands
Tilray Brands Price Performance
The stock's 50-day simple moving average is $0.90 and its 200 day simple moving average is $0.65. The company has a quick ratio of 1.49, a current ratio of 2.46 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -0.49 and a beta of 2.03.
Tilray Brands (NASDAQ:TLRY - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.05. Tilray Brands had a negative net margin of 265.69% and a negative return on equity of 6.83%. The company had revenue of $224.54 million for the quarter, compared to analysts' expectations of $250.41 million. On average, equities research analysts anticipate that Tilray Brands, Inc. will post -0.2 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CEO Irwin D. Simon bought 165,000 shares of the firm's stock in a transaction on Wednesday, July 30th. The shares were bought at an average price of $0.61 per share, with a total value of $100,650.00. Following the completion of the transaction, the chief executive officer directly owned 3,941,633 shares of the company's stock, valued at $2,404,396.13. This represents a 4.37% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC lifted its position in shares of Tilray Brands by 68.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 35,121 shares of the company's stock worth $47,000 after purchasing an additional 14,221 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Tilray Brands by 8.8% during the second quarter. SBI Securities Co. Ltd. now owns 300,707 shares of the company's stock worth $125,000 after purchasing an additional 24,375 shares in the last quarter. Capital Management Associates Inc lifted its position in shares of Tilray Brands by 100.0% during the first quarter. Capital Management Associates Inc now owns 50,760 shares of the company's stock worth $33,000 after purchasing an additional 25,380 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Tilray Brands by 62.1% during the fourth quarter. Deutsche Bank AG now owns 75,840 shares of the company's stock worth $101,000 after purchasing an additional 29,054 shares in the last quarter. Finally, Madrona Financial Services LLC lifted its position in shares of Tilray Brands by 42.9% during the first quarter. Madrona Financial Services LLC now owns 100,000 shares of the company's stock worth $66,000 after purchasing an additional 30,000 shares in the last quarter. Institutional investors and hedge funds own 9.35% of the company's stock.
About Tilray Brands
(
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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