Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report)'s stock price was up 3.9% during trading on Monday . The stock traded as high as $0.61 and last traded at $0.59. Approximately 6,314,871 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 35,602,195 shares. The stock had previously closed at $0.57.
Analyst Ratings Changes
Several research firms have recently weighed in on TLRY. Wall Street Zen cut Tilray Brands to a "strong sell" rating in a report on Saturday, July 5th. Piper Sandler reduced their target price on shares of Tilray Brands from $2.00 to $1.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Zelman & Associates reissued a "neutral" rating on shares of Tilray Brands in a research note on Tuesday, July 29th. Finally, Roth Capital restated a "neutral" rating on shares of Tilray Brands in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Tilray Brands presently has a consensus rating of "Hold" and an average price target of $1.92.
Check Out Our Latest Report on Tilray Brands
Tilray Brands Trading Up 3.2%
The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.49 and a current ratio of 2.46. The firm has a market cap of $641.14 million, a price-to-earnings ratio of -0.27 and a beta of 1.85. The business has a fifty day simple moving average of $0.52 and a 200-day simple moving average of $0.62.
Tilray Brands (NASDAQ:TLRY - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.02 EPS 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 company had revenue of $224.54 million for the quarter, compared to analyst estimates of $250.41 million. As a group, equities analysts forecast that Tilray Brands, Inc. will post -0.2 earnings per share for the current fiscal year.
Insider Activity at Tilray Brands
In other news, CEO Irwin D. Simon purchased 165,000 shares of the business's stock in a transaction on Wednesday, July 30th. The stock was purchased at an average cost of $0.61 per share, with a total value of $100,650.00. Following the acquisition, the chief executive officer directly owned 3,941,633 shares in the company, valued at approximately $2,404,396.13. This trade represents a 4.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 made changes to their positions in the business. Lido Advisors LLC purchased a new stake in Tilray Brands during the 4th quarter valued at $28,000. Cerity Partners LLC bought a new stake in shares of Tilray Brands in the first quarter valued at about $31,000. Capital Management Associates Inc lifted its position in shares of 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 last quarter. Fifth Lane Capital LP boosted its stake in Tilray Brands by 400.0% in the 1st quarter. Fifth Lane Capital LP now owns 50,000 shares of the company's stock worth $33,000 after purchasing an additional 40,000 shares in the last quarter. Finally, Zuckerman Investment Group LLC acquired a new position in Tilray Brands in the 1st quarter worth approximately $33,000. 9.35% of the stock is currently owned by institutional investors.
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.
Read More
Before you consider Tilray Brands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tilray Brands wasn't on the list.
While Tilray Brands currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
