Tilray Brands (TSE:TLRY) Shares Up 6.9% - Should You Buy?

Key Points

• Shares jumped 6.9% intraday to C$9.15 (high C$9.26) on Thursday, with volume about 997,408 shares—roughly double the average daily volume.
• Analysts have a consensus “Hold” rating with an average price target of C$13.30 (Canaccord C$13.00; Sanford C. Bernstein raised its target to C$13.60).
• Fundamentals show a market cap of C$1.06B, a negative P/E (-0.39), high beta (3.23), solid liquidity (current ratio 2.81, quick ratio 2.16), and the stock is trading below its 50‑day (C$10.02) and 200‑day (C$14.19) moving averages.

Tilray Brands, Inc. (TSE:TLRY - Get Free Report)'s stock price was up 6.9% during mid-day trading on Thursday . The company traded as high as C$9.26 and last traded at C$9.15. Approximately 997,408 shares changed hands during trading, an increase of 100% from the average daily volume of 499,692 shares. The stock had previously closed at C$8.56.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Canaccord Genuity Group set a C$13.00 price objective on Tilray Brands and gave the stock a "hold" rating in a report on Tuesday, January 27th. Sanford C. Bernstein raised their price target on shares of Tilray Brands from C$13.00 to C$13.60 in a report on Friday, December 19th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of C$13.30.

Tilray Brands Stock Performance

The firm has a market capitalization of C$1.06 billion, a PE ratio of -0.39 and a beta of 3.23. The company has a current ratio of 2.81, a quick ratio of 2.16 and a debt-to-equity ratio of 20.23. The business's 50 day simple moving average is C$10.02 and its two-hundred day simple moving average is C$14.19.

About Tilray Brands

Tilray Brands, Inc ('Tilray') (Nasdaq: TLRY; TSX: TLRY), is a global lifestyle and consumer packaged goods company at the forefront of beverage, cannabis and wellness industries with operations in Canada, the United States, Europe, Australia, and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment, elevating lives through moments of connection. Tilray's mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy, wellness and create memorable experiences.

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