Shares of Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report) shot up 4.5% during trading on Monday . The stock traded as high as $0.43 and last traded at $0.42. 6,613,761 shares were traded during trading, a decline of 77% from the average session volume of 29,043,228 shares. The stock had previously closed at $0.40.
Analysts Set New Price Targets
TLRY has been the subject of a number of analyst reports. Roth Capital reiterated a "neutral" rating on shares of Tilray Brands in a report on Monday, April 14th. Piper Sandler reduced 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.
Read Our Latest Stock Analysis on TLRY
Tilray Brands Stock Performance
The stock has a market capitalization of $385.79 million, a P/E ratio of -0.37 and a beta of 1.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 2.62. The business has a 50-day moving average price of $0.44 and a 200 day moving average price of $0.80.
Tilray Brands (NASDAQ:TLRY - Get Free Report) last announced its earnings results on Tuesday, April 8th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). Tilray Brands had a negative return on equity of 7.40% and a negative net margin of 113.85%. The company had revenue of $185.78 million during the quarter, compared to the consensus estimate of $213.38 million. As a group, sell-side analysts forecast that Tilray Brands, Inc. will post -0.2 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in TLRY. Lido Advisors LLC acquired a new position in Tilray Brands during the 4th quarter valued at about $28,000. Dudley Capital Management LLC purchased a new stake in Tilray Brands during the 4th quarter valued at about $29,000. Verdence Capital Advisors LLC purchased a new stake in Tilray Brands during the 4th quarter valued at about $29,000. Brooklyn FI LLC purchased a new stake in Tilray Brands during the 4th quarter valued at about $36,000. Finally, NewEdge Advisors LLC grew its stake in Tilray Brands by 92.1% during the 4th quarter. NewEdge Advisors LLC now owns 27,406 shares of the company's stock valued at $36,000 after purchasing an additional 13,136 shares during the last quarter. 9.35% of the stock is owned by institutional investors.
About Tilray Brands
(
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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