Shares of Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $0.67, but opened at $0.70. Tilray Brands shares last traded at $0.78, with a volume of 19,089,176 shares.
Wall Street Analyst Weigh In
TLRY has been the subject of a number of recent research reports. Wall Street Zen downgraded Tilray Brands to a "strong sell" rating in a research report on Saturday, July 5th. Piper Sandler cut their price objective on shares of Tilray Brands from $2.00 to $1.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Finally, Roth Capital reiterated a "neutral" rating on shares of Tilray Brands in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $1.92.
Read Our Latest Analysis on TLRY
Tilray Brands Stock Performance
The firm has a market cap of $681.40 million, a P/E ratio of -0.64 and a beta of 1.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 2.62. The stock's 50-day moving average is $0.49 and its 200 day moving average is $0.66.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the stock. Lido Advisors LLC acquired a new stake in Tilray Brands in the 4th quarter valued at approximately $28,000. Cerity Partners LLC bought a new stake in shares of Tilray Brands during the 1st quarter worth about $31,000. Capital Management Associates Inc raised its holdings in Tilray Brands by 100.0% in the 1st quarter. Capital Management Associates Inc now owns 50,760 shares of the company's stock valued at $33,000 after acquiring an additional 25,380 shares during the period. Fifth Lane Capital LP grew its position in shares of Tilray Brands by 400.0% in the first quarter. Fifth Lane Capital LP now owns 50,000 shares of the company's stock valued at $33,000 after purchasing an additional 40,000 shares during the last quarter. Finally, Zuckerman Investment Group LLC acquired a new position in shares of Tilray Brands during the 1st quarter worth approximately $33,000. 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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