Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report)'s stock price shot up 4% on Wednesday . The stock traded as high as $0.62 and last traded at $0.62. 7,619,496 shares traded hands during trading, a decline of 76% from the average session volume of 31,111,046 shares. The stock had previously closed at $0.59.
Analyst Ratings Changes
Several brokerages have weighed in on TLRY. Roth Capital reaffirmed a "neutral" rating on shares of Tilray Brands in a report on Monday, April 14th. Piper Sandler reduced their price objective on shares of Tilray Brands from $2.00 to $1.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Finally, Wall Street Zen cut shares of Tilray Brands to a "strong sell" rating in a research report on Saturday, July 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $1.92.
Get Our Latest Research Report on TLRY
Tilray Brands Stock Performance
The business's fifty day moving average is $0.46 and its two-hundred day moving average is $0.69. The company has a quick ratio of 1.61, a current ratio of 2.62 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $630.07 million, a PE ratio of -0.59 and a beta of 1.82.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of TLRY. Lido Advisors LLC purchased a new position in shares of Tilray Brands in the fourth quarter valued at $28,000. Dudley Capital Management LLC purchased a new position in shares of Tilray Brands in the fourth quarter valued at $29,000. Cerity Partners LLC bought a new stake in Tilray Brands in the first quarter worth $31,000. Capital Management Associates Inc lifted its position in Tilray Brands by 100.0% in the first quarter. Capital Management Associates Inc now owns 50,760 shares of the company's stock worth $33,000 after buying an additional 25,380 shares during the last quarter. Finally, Fifth Lane Capital LP lifted its position in Tilray Brands by 400.0% in the first quarter. Fifth Lane Capital LP now owns 50,000 shares of the company's stock worth $33,000 after buying an additional 40,000 shares during the last quarter. 9.35% of the stock is owned by hedge funds and other institutional investors.
Tilray Brands Company Profile
(
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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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