Tilray Brands (NASDAQ:TLRY) Trading 9.4% Higher - Should You Buy?

Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report)'s stock price rose 9.4% during trading on Friday . The company traded as high as $0.55 and last traded at $0.53. Approximately 43,044,202 shares were traded during mid-day trading, an increase of 44% from the average daily volume of 29,904,634 shares. The stock had previously closed at $0.49.

Analyst Ratings Changes

Several research firms have weighed in on TLRY. Roth Capital restated a "neutral" rating on shares of Tilray Brands in a report on Monday, April 14th. Piper Sandler lowered their target price on 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 Price Performance

The company has a current ratio of 2.62, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The firm's 50-day moving average price is $0.43 and its 200-day moving average price is $0.73. The stock has a market capitalization of $534.45 million, a PE ratio of -0.51 and a beta of 1.82.

Tilray Brands (NASDAQ:TLRY - Get Free Report) last issued its quarterly earnings data on Tuesday, April 8th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate 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 return on equity of 7.40% and a negative net margin of 113.85%. On average, equities analysts forecast that Tilray Brands, Inc. will post -0.2 EPS for the current fiscal year.

Institutional Trading of Tilray Brands

Institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC increased its position in Tilray Brands by 9.2% during the fourth quarter. Tidal Investments LLC now owns 10,595,264 shares of the company's stock valued at $14,092,000 after acquiring an additional 889,086 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Tilray Brands by 14.4% during the 4th quarter. Bank of Montreal Can now owns 2,488,982 shares of the company's stock worth $3,310,000 after purchasing an additional 312,476 shares during the period. Geode Capital Management LLC grew its holdings in Tilray Brands by 20.1% during the 4th quarter. Geode Capital Management LLC now owns 2,405,911 shares of the company's stock valued at $3,200,000 after purchasing an additional 403,371 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Tilray Brands by 54.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,172,935 shares of the company's stock worth $2,890,000 after purchasing an additional 769,569 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Tilray Brands by 17.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,964,380 shares of the company's stock worth $2,613,000 after buying an additional 286,481 shares during the period. 9.35% of the stock is currently owned by institutional investors.

Tilray Brands Company Profile

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.