Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report)'s stock price was down 2.6% on Friday . The stock traded as low as $0.55 and last traded at $0.57. Approximately 6,504,420 shares changed hands during trading, a decline of 82% from the average daily volume of 35,711,355 shares. The stock had previously closed at $0.58.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Wall Street Zen lowered Tilray Brands to a "strong sell" rating in a research note on Saturday, July 5th. Zelman & Associates reiterated a "neutral" rating on shares of Tilray Brands in a research note on Tuesday, July 29th. Roth Capital reiterated a "neutral" rating on shares of Tilray Brands in a research note on Monday, April 14th. Finally, Piper Sandler cut their target price on Tilray Brands from $2.00 to $1.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $1.92.
Check Out Our Latest Report on Tilray Brands
Tilray Brands Price Performance
The company has a market cap of $600.88 million, a PE ratio of -0.26 and a beta of 1.85. 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 firm has a 50 day simple moving average of $0.51 and a 200-day simple moving average of $0.63.
Tilray Brands (NASDAQ:TLRY - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.05. Tilray Brands had a negative return on equity of 6.83% and a negative net margin of 265.69%. The business had revenue of $224.54 million for the quarter, compared to analyst estimates of $250.41 million. As a group, research analysts predict that Tilray Brands, Inc. will post -0.2 earnings per share for the current fiscal year.
Insider Buying and Selling at Tilray Brands
In other Tilray Brands news, CEO Irwin D. Simon purchased 165,000 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were acquired at an average price of $0.61 per share, for a total transaction of $100,650.00. Following the completion of the purchase, the chief executive officer owned 3,941,633 shares of the company's stock, valued at approximately $2,404,396.13. The trade was a 4.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.
Institutional Investors Weigh In On Tilray Brands
A number of large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in shares of Tilray Brands by 55.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 31,875 shares of the company's stock worth $42,000 after purchasing an additional 11,325 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Tilray Brands by 92.1% during the fourth quarter. NewEdge Advisors LLC now owns 27,406 shares of the company's stock worth $36,000 after purchasing an additional 13,136 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in shares of Tilray Brands by 59.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 37,009 shares of the company's stock worth $49,000 after purchasing an additional 13,786 shares during the period. Schonfeld Strategic Advisors LLC lifted its holdings 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 during the period. Finally, Lido Advisors LLC acquired a new stake in shares of Tilray Brands during the fourth quarter worth about $28,000. 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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