Tilray Brands (TSE:TLRY) Trading Down 3.3% - Should You Sell?

Key Points

• Shares of Tilray Brands were trading down 3.3% to C$9.51 on Thursday, with volume of ~310,346 shares, about 36% below the average daily volume.
• Analysts maintain a consensus "Hold" rating with a consensus target of C$13.30; Sanford C. Bernstein recently raised its target to C$13.60 while Canaccord set C$13.00.
• Key fundamentals: market cap ~C$1.11 billion, a negative P/E (-0.40), high volatility (beta 3.23), and strong liquidity ratios (quick ratio 2.16, current ratio 2.81) alongside a reported debt-to-equity of 14.47.

Shares of Tilray Brands, Inc. (TSE:TLRY - Get Free Report) were down 3.3% on Thursday . The stock traded as low as C$9.44 and last traded at C$9.51. Approximately 310,346 shares traded hands during trading, a decline of 36% from the average daily volume of 482,922 shares. The stock had previously closed at C$9.83.

Analysts Set New Price Targets

Several research firms recently issued reports on TLRY. Sanford C. Bernstein raised their price objective on shares of Tilray Brands from C$13.00 to C$13.60 in a research report on Friday, December 19th. Canaccord Genuity Group set a C$13.00 target price on shares of Tilray Brands and gave the company a "hold" rating in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$13.30.

Tilray Brands Price Performance

The company has a quick ratio of 2.16, a current ratio of 2.81 and a debt-to-equity ratio of 14.47. The company has a market cap of C$1.11 billion, a price-to-earnings ratio of -0.40 and a beta of 3.23. The stock's 50-day simple moving average is C$11.16 and its 200 day simple moving average is C$15.04.

Tilray Brands Company Profile

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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