Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report)'s share price shot up 3.2% during trading on Friday . The company traded as high as $0.66 and last traded at $0.63. 15,677,720 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 34,877,938 shares. The stock had previously closed at $0.61.
Wall Street Analysts Forecast Growth
TLRY has been the subject of a number of recent research reports. Roth Capital reiterated a "neutral" rating on shares of Tilray Brands in a research note on Monday, April 14th. Wall Street Zen cut shares of Tilray Brands to a "strong sell" rating in a report on Saturday, July 5th. Finally, Piper Sandler lowered their price target on Tilray Brands from $2.00 to $1.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Tilray Brands presently has an average rating of "Hold" and a consensus target price of $1.92.
Check Out Our Latest Stock Report on Tilray Brands
Tilray Brands Stock Up 1.6%
The company has a market capitalization of $625.04 million, a price-to-earnings ratio of -0.59 and a beta of 1.82. 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 simple moving average is $0.46 and its 200-day simple moving average is $0.69.
Hedge Funds Weigh In On Tilray Brands
A number of large investors have recently modified their holdings of the business. Lido Advisors LLC acquired a new position in Tilray Brands during the fourth quarter worth $28,000. Dudley Capital Management LLC acquired a new position in shares of Tilray Brands during the 4th quarter worth $29,000. Cerity Partners LLC acquired a new position in shares of Tilray Brands during the 1st quarter worth $31,000. Capital Management Associates Inc increased its holdings in shares of Tilray Brands by 100.0% in the 1st quarter. Capital Management Associates Inc now owns 50,760 shares of the company's stock valued at $33,000 after purchasing an additional 25,380 shares in the last quarter. Finally, Fifth Lane Capital LP lifted its stake in shares of Tilray Brands by 400.0% in the first quarter. Fifth Lane Capital LP now owns 50,000 shares of the company's stock valued at $33,000 after purchasing an additional 40,000 shares during the period. 9.35% of the stock is owned by hedge funds and other 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.
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