NASDAQ:TLRY

Tilray (TLRY) Stock Forecast, Price & News

$2.16

-0.08 (-3.57%)

(As of 09:52 AM ET)

Compare

Today's Range: $2.07
▼
$2.37
50-Day Range: $1.93
▼
$3.31
52-Week Range: $1.50
▼
$5.12

Volume: 10.38 million shs
Average Volume: 20.20 million shs
Market Capitalization: $1.52 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.18

Tilray MarketRank™ Forecast

Analyst Rating: Hold
2.14 Rating Score
Upside/Downside: 47.4% Upside
$3.18 Price Target
Short Interest: Bearish
14.98% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.42
Based on 10 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.18) to ($0.10) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.80 out of 5 stars

Consumer Staples Sector

116th out of 135 stocks

Medicinals & Botanicals Industry

6th out of 10 stocks

3.1

Analyst's Opinion

Consensus Rating
Tilray has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 1 buy rating, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $3.18, Tilray has a forecasted upside of 47.4% from its current price of $2.16.
Amount of Analyst Coverage
Tilray has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
14.98% of the outstanding shares of Tilray have been sold short.
Short Interest Ratio / Days to Cover
Tilray has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Tilray has recently increased by 18.22%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Tilray does not currently pay a dividend.
Dividend Growth
Tilray does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TLRY.

2.5

News and Social Media Coverage

News Sentiment
Tilray has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Tilray this week, compared to 4 articles on an average week.
Search Interest
Only 70 people have searched for TLRY on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
MarketBeat Follows
34 people have added Tilray to their MarketBeat watchlist in the last 30 days. This is an increase of 48% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tilray insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.68% of the stock of Tilray is held by insiders.
Percentage Held by Institutions
Only 8.86% of the stock of Tilray is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Tilray are expected to grow in the coming year, from ($0.18) to ($0.10) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Tilray is -0.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tilray is -0.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Tilray has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Tilray (NASDAQ:TLRY) Stock

Tilray Inc is a pharmaceutical and cannabis company founded in 2013 and headquartered in Nanaimo, Canada. The company operates in the United States, Europe, Canada, Australia and Latin America. Tilray is known for producing and distributing medical and recreational cannabis products.

Tilray Inc is primarily engaged in the production, research, development and distribution of medical and recreational cannabis products. The company's product portfolio includes dried cannabis, cannabis oil and capsules. Tilray also produces and distributes hemp-based food products, such as hemp hearts and hemp protein powder.

Tilray operates in two segments: Cannabis and Hemp. The Cannabis segment includes medical and adult-use cannabis, and the Hemp segment includes hemp food products and hemp-based CBD products.

The company's stock price has fluctuated significantly over the past few years. Tilray Inc accredits these fluctuations to changing legal landscapes, changing demands of its clients and increasing competition.

Tilray Inc faces significant competition in the cannabis and hemp industries. The company competes with other cannabis producers, such as Canopy Growth Corporation and Aurora Cannabis Inc, as well as with companies that produce hemp-based products, such as Hemp Inc and Charlotte's Web Holdings Inc.

Tilray also faces competition from illegal cannabis producers, particularly in countries where cannabis is still illegal. The company's success will depend on its ability to compete effectively in the legal cannabis and hemp markets and to expand into new markets as legalization continues.

Tilray Inc's growth prospects are closely tied to legalizing cannabis and hemp products. The company has already expanded its operations into several countries where cannabis is legal, such as Canada, the United States and Germany.

Tilray's merger with Aphria Inc in May 2021 has also given the company multiple growth opportunities. The merger created the world's largest cannabis company, with a market capitalization of over $5 billion. The combined company has a strong presence in Canada, Europe and the United States and is well-positioned to benefit from the continued legalization of cannabis and hemp products.

The company's focus on research and development also provides significant growth opportunities. Tilray has a research and development facility in Canada, conducting clinical trials to evaluate the effectiveness of cannabis and hemp-based products for medical purposes.

Tilray Inc faces several risks and challenges, particularly in the current regulatory environment. Cannabis and hemp products are still illegal in many countries, which limits the company's growth opportunities. Even in countries where cannabis is legal, the regulatory environment can be complex and rapidly evolving, creating challenges for the company's operations.

Tilray's success also depends on its ability to compete effectively in a crowded market. The company faces competition from other cannabis and hemp producers, as well as from illegal producers. The company's success will depend on its ability to differentiate itself from its competitors and build a strong brand that resonates with consumers.

TLRY Price History

30 days | 90 days | 365 days | Advanced Chart

TLRY Stock News Headlines

September 12, 2023 | marketbeat.com

Cannabis Stocks: Green Gold Rush or Risk Off? (TLRY)

Cannabis stocks, including CGC, TLRY, and ACB, have experienced significant gains over the past month, posting double to triple-digit increases.

September 6, 2023 | marketbeat.com

Will This New Development Mean A Big Rally In Cannabis Stocks? (TLRY)

Numerous cannabis stocks surged after a government agency recommended removing marijuana from Schedule 1, potentially paving the way for industry growth.

October 4, 2023 | Wall Street Fundamentals (Ad)

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October 3, 2023 | benzinga.com

A Preview Of Tilray Brands's Earnings

October 3, 2023 | benzinga.com

Tilray Brands Earnings Preview

October 3, 2023 | markets.businessinsider.com

Tilray (NASDAQ:TLRY) Q1 Earnings Preview: What to Expect

October 2, 2023 | markets.businessinsider.com

Tilray Completes Acquisition Of 8 Beer Brands From Bud Light Parent Anheuser-Busch

October 1, 2023 | msn.com

Earnings week ahead: Cal-Maine Foods, Tilray, Constellation Brands, Conagra Brands Levi Strauss and more

October 4, 2023 | Edge On The Street (Ad)

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September 30, 2023 | ca.investing.com

Tilray Brands tipped to report double-digit revenue growth for 1Q

September 29, 2023 | msn.com

I Was Wrong: Tilray Is A Strong Sell (Ratings Downgrade)

September 29, 2023 | finance.yahoo.com

‘Potently Canadian' Cannabis Brand, CANACA, Launches ‘Let ‘Er Rip’ Campaign

September 27, 2023 | thestreet.com

Is Tilray (TLRY) Worthy of Being the Most Shorted Cannabis Stock?

September 27, 2023 | americanbankingnews.com

Tilray (TLRY) to Release Quarterly Earnings on Wednesday

September 25, 2023 | uk.finance.yahoo.com

Tilray Brands, Inc.'s (NASDAQ:TLRY) Intrinsic Value Is Potentially 93% Above Its Share Price

September 23, 2023 | msn.com

Tilray Brands' CEO Explains Why Beer Is Such a Big Part of the Company's Long-Term Strategy

September 22, 2023 | theglobeandmail.com

Closing Bell: Tilray Inc down on Thursday (TLRY)

September 22, 2023 | theglobeandmail.com

Tilray Brands: Top 10 Undervalued Growth Stocks on TSX (TLRY)

September 21, 2023 | markets.businessinsider.com

What's Going On With Tilray Brands Stock? Buzzkill

September 21, 2023 | seekingalpha.com

Tilray a top pick in Seeking Alpha Quant Ratings despite short interest

September 21, 2023 | finance.yahoo.com

Where Will Tilray Brands Be in 1 Year?

September 21, 2023 | finance.yahoo.com

Tilray Brands, Inc. to Announce First Quarter 2024 Financial Results on October 4, 2023

September 20, 2023 | finanznachrichten.de

Tilray Brands, Inc.: Tilray's Best-Selling Beers Make Landfall at Atlantis, Bahamas

September 19, 2023 | seekingalpha.com

Tilray: North America's Most Transformative Cannabis Company

September 18, 2023 | msn.com

TSX Declines; Tilray Shares Slide; BMO Announces Layoffs

September 18, 2023 | msn.com

Tilray Stock (NASDAQ:TLRY) Plunges 12.6% as Short Seller Foresees 70% Drop

September 18, 2023 | investing.com

Tilray, Inc. a 'failing cannabis player,' claims short-seller Kerrisdale Capital

See More Headlines

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TLRY Company Calendar

Last Earnings: 4/10/2023
Today: 10/04/2023
Next Earnings (Confirmed): 10/04/2023
Fiscal Year End: 5/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Medicinals & botanicals
Sub-Industry: N/A
Sector: Consumer Staples
Current Symbol: NASDAQ:TLRY
CUSIP: N/A
CIK: 1731348
Web: www.tilray.com
Phone: 206-432-9325
Fax: N/A
Employees: 1,600
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $3.18
High Stock Price Forecast: $5.00
Low Stock Price Forecast: $2.00
Forecasted Upside/Downside: +42.1%
Consensus Rating: Hold
Rating Score (0-4): 2.14
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.29)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-1,452,660,000.00
Net Margins: -226.15%
Pretax Margin: -231.24%
Return on Equity: -3.45%
Return on Assets: -2.76%

Debt

Debt-to-Equity Ratio: 0.11
Current Ratio: 1.79
Quick Ratio: 1.32

Sales & Book Value

Annual Sales: $627.12 million
Price / Sales: 2.51
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $5.07 per share
Price / Book: 0.44

Miscellaneous

Outstanding Shares: 703,260,000
Free Float: 698,475,000
Market Cap: $1.58 billion
Optionable: Optionable
Beta: 2.43

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Key Executives

Mr. Edward Wood Pastorius Jr. (Age 50)
Chief Revenue Officer

Mr. Brendan Kennedy (Age 46)
Pres, CEO & Director

Mr. Mark Castaneda (Age 53)
CFO, Sec. & Treasurer

Dr. Catherine Jacobson
Director of Clinical Research & Member of Medical Advisory Board

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TLRY Stock - Frequently Asked Questions

Should I buy or sell Tilray stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tilray in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" TLRY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TLRY, but not buy additional shares or sell existing shares.
View TLRY analyst ratings or view top-rated stocks.
What is Tilray's stock price forecast for 2023?: 7 brokerages have issued twelve-month target prices for Tilray's shares. Their TLRY share price forecasts range from $2.00 to $5.00. On average, they expect the company's share price to reach $3.18 in the next year. This suggests a possible upside of 42.1% from the stock's current price.
View analysts price targets for TLRY or view top-rated stocks among Wall Street analysts.
How have TLRY shares performed in 2023?: Tilray's stock was trading at $2.69 on January 1st, 2023. Since then, TLRY shares have decreased by 16.7% and is now trading at $2.24.
View the best growth stocks for 2023 here.
When is Tilray's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 4th 2023.
View our TLRY earnings forecast.
How can I listen to Tilray's earnings call?: Tilray will be holding an earnings conference call on Wednesday, October 4th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Tilray's earnings last quarter?: Tilray Inc (NASDAQ:TLRY) released its earnings results on Monday, April, 10th. The company reported ($1.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by $1.84. The company earned $145.59 million during the quarter, compared to analyst estimates of $150.13 million. Tilray had a negative trailing twelve-month return on equity of 3.45% and a negative net margin of 226.15%. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.04 earnings per share.
What ETFs hold Tilray's stock?: ETFs with the largest weight of Tilray (NASDAQ:TLRY) stock in their portfolio include Global X Cannabis ETF (POTX), Amplify Seymour Cannabis ETF (CNBS), ETFMG Alternative Harvest ETF (MJ), Cambria Cannabis ETF (TOKE), AdvisorShares Pure Cannabis ETF (YOLO), B.A.D. Etf (BAD), AXS Cannabis ETF (THCX) and SoFi Social 50 ETF (SFYF).
What is Brendan Kennedy's approval rating as Tilray's CEO?: 32 employees have rated Tilray Chief Executive Officer Brendan Kennedy on Glassdoor.com. Brendan Kennedy has an approval rating of 51% among the company's employees. This puts Brendan Kennedy in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Tilray own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Tilray investors own include Cronos Group (CRON), Aurora Cannabis (ACB), NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Tesla (TSLA), Micron Technology (MU), Netflix (NFLX) and Block (SQ).
When did Tilray IPO?: (TLRY) raised $135 million in an initial public offering (IPO) on Thursday, July 19th 2018. The company issued 9,000,000 shares at a price of $14.00-$16.00 per share. Cowen and Company acted as the underwriter for the IPO and Roth Capital Partners and Northland Securities were co-managers.
What is Tilray's stock symbol?: Tilray trades on the NASDAQ under the ticker symbol "TLRY."
How do I buy shares of Tilray?: Shares of TLRY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Tilray's stock price today?: One share of TLRY stock can currently be purchased for approximately $2.24.
How much money does Tilray make?: Tilray (NASDAQ:TLRY) has a market capitalization of $1.58 billion and generates $627.12 million in revenue each year. The company earns $-1,452,660,000.00 in net income (profit) each year or ($2.29) on an earnings per share basis.
How many employees does Tilray have?: The company employs 1,600 workers across the globe.
How can I contact Tilray?: Tilray's mailing address is 1100 MAUGHAN ROAD, NANAIMO A1, V9X 1J2. The official website for the company is www.tilray.com. The company can be reached via phone at 206-432-9325.

This page (NASDAQ:TLRY) was last updated on 10/4/2023 by MarketBeat.com Staff

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