Tilray Brands (NASDAQ:TLRY) Shares Up 3.9% - Should You Buy?

Shares of Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report) traded up 3.9% during mid-day trading on Thursday . The company traded as high as $0.41 and last traded at $0.41. 7,924,394 shares were traded during trading, a decline of 73% from the average session volume of 29,542,599 shares. The stock had previously closed at $0.39.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TLRY shares. Roth Capital reaffirmed a "neutral" rating on shares of Tilray Brands in a research note on Monday, April 14th. Piper Sandler reduced their price target on shares of Tilray Brands from $2.00 to $1.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th.

Tilray Brands Stock Performance

The company's fifty day moving average price is $0.43 and its 200 day moving average price is $0.77. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.62 and a quick ratio of 1.61. The company has a market cap of $413.67 million, a PE ratio of -0.39 and a beta of 1.83.

Tilray Brands (NASDAQ:TLRY - Get Free Report) last released its earnings results on Tuesday, April 8th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). The company had revenue of $185.78 million for the quarter, compared to the consensus estimate of $213.38 million. Tilray Brands had a negative net margin of 113.85% and a negative return on equity of 7.40%. On average, equities research analysts predict that Tilray Brands, Inc. will post -0.2 earnings per share for the current year.

Institutional Trading of Tilray Brands

Institutional investors have recently modified their holdings of the business. Lido Advisors LLC purchased a new position in Tilray Brands during the 4th quarter valued at about $28,000. Verdence Capital Advisors LLC bought a new position in Tilray Brands in the 4th quarter valued at $29,000. Dudley Capital Management LLC bought a new position in Tilray Brands in the 4th quarter valued at $29,000. Cerity Partners LLC bought a new position in shares of Tilray Brands in the first quarter worth $31,000. Finally, Capital Management Associates Inc boosted its stake in Tilray Brands by 100.0% during the first quarter. Capital Management Associates Inc now owns 50,760 shares of the company's stock valued at $33,000 after buying an additional 25,380 shares during the period. 9.35% of the stock is currently owned by hedge funds and other institutional investors.

About Tilray Brands

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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