NASDAQ:TLRY

Tilray (TLRY) Stock Price, News & Analysis

$1.84
0.00 (0.00%)
(As of 04/24/2024 ET)
Today's Range
$1.78
$1.85
50-Day Range
$1.60
$2.85
52-Week Range
$1.50
$3.40
Volume
17.87 million shs
Average Volume
29.24 million shs
Market Capitalization
$1.42 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.71

Tilray MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
47.2% Upside
$2.71 Price Target
Short Interest
Bearish
15.04% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.26mentions of Tilray in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.30) to ($0.15) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.42 out of 5 stars

Consumer Staples Sector

113th out of 131 stocks

Medicinals & Botanicals Industry

8th out of 10 stocks

TLRY stock logo

About Tilray Stock (NASDAQ:TLRY)

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 Stock Price History

TLRY Stock News Headlines

Tilray's Q3 Earnings Reveal Growth Despite Challenges
Tilray Brands Inc. NASDAQ: TLRY is a leading player in the global cannabis industry. The company's earnings report was recently released for the fiscal third quarter of 2024.
Tilray’s Q3 Earnings Reveal Growth Despite Challenges
Tilray's Q3 earnings reveal revenue growth in a volatile cannabis market, highlighting the company's evolving strategies and the industry's ongoing challenges.
The #1 Biotech Stock to Have on Your Radar in 2024…
Revenues exploding, a $18.70 price target, and highly lucrative addressable markets make this one you cannot ignore!
BlackBerry, Alkermes rise; Neogen, Tilray Brands fall, Tuesday, 4/9/2024
Stocks that are trading heavily or have substantial price changes on Tuesday: BlackBerry, Alkermes rise; Neogen, Tilray Brands fall
Green Gold Rush: Here's What's Driving Cannabis Stocks Higher
Various themes and sectors garnered buzz and attention as the first quarter drew to a close. However, one industry that has been in a lull for a significant period reignited the imagination and hope of longstanding investors after it finished the first quarter in style.
Green Gold Rush: Here's What's Driving Cannabis Stocks Higher (TLRY)
Over the previous month, several cannabis stocks surged dramatically, igniting the sector as gains reached double- to even triple-digits in some cases.
2 Cannabis Stocks Clawing Back from the Grave, Germany Legalizes
Cannabis stocks were a bubble that exploded in 2021. The hype associated with anxious states legalizing cannabis and hopes for the federal repeal of marijuana legislation has lost momentum, but it may be starting up again.
The #1 Biotech Stock to Have on Your Radar in 2024…
Revenues exploding, a $18.70 price target, and highly lucrative addressable markets make this one you cannot ignore!
Tilray (NASDAQ:TLRY) Shares Down 0.3%
3 Cannabis Penny Stocks to Buy for 3-Bagger Returns
Tilray (NASDAQ:TLRY) Trading Down 0.5%
See More Headlines
Receive TLRY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Tilray and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
4/10/2023
Today
4/24/2024
Fiscal Year End
5/31/2024
Next Earnings (Estimated)
7/24/2024

Industry, Sector and Symbol

Industry
Medicinals & botanicals
Sub-Industry
N/A
Current Symbol
NASDAQ:TLRY
Fax
N/A
Employees
1,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$2.71
High Stock Price Target
$4.00
Low Stock Price Target
$2.00
Potential Upside/Downside
+47.2%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$-1,452,660,000.00
Pretax Margin
-42.74%

Debt

Sales & Book Value

Annual Sales
$627.12 million
Cash Flow
$0.00 per share
Book Value
$4.32 per share

Miscellaneous

Free Float
768,766,000
Market Cap
$1.42 billion
Optionable
Optionable
Beta
2.36
7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

TLRY Stock Analysis - Frequently Asked Questions

Should I buy or sell Tilray stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tilray in the last year. There are currently 3 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 target for 2024?

4 equities research analysts have issued twelve-month price objectives for Tilray's stock. Their TLRY share price targets range from $2.00 to $4.00. On average, they predict the company's stock price to reach $2.71 in the next year. This suggests a possible upside of 47.2% 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 2024?

Tilray's stock was trading at $2.30 at the start of the year. Since then, TLRY stock has decreased by 20.0% and is now trading at $1.84.
View the best growth stocks for 2024 here
.

When is Tilray's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our TLRY earnings forecast
.

How were Tilray's earnings last quarter?

Tilray Inc (NASDAQ:TLRY) announced its quarterly earnings results on Monday, April, 10th. The company reported ($1.90) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by $1.84. The firm had revenue of $145.59 million for the quarter, compared to the consensus estimate of $150.13 million. Tilray had a negative trailing twelve-month return on equity of 2.68% and a negative net margin of 43.98%. The business's revenue was down 4.1% on a year-over-year basis. During the same period last year, the business posted $0.04 EPS.

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), NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Tesla (TSLA), Micron Technology (MU), Netflix (NFLX) and Block (SQ).

When did Tilray IPO?

Tilray (TLRY) raised $135 million in an initial public offering 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.

Who are Tilray's major shareholders?

Tilray's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include PFG Investments LLC (0.02%), Madrona Financial Services LLC (0.01%), McAdam LLC (0.01%) and Simplicity Wealth LLC (0.00%). Insiders that own company stock include Brendan Kennedy, Carl A Merton, Denise M Faltischek, Irwin D Simon, James R Meiers and Mitchell Gendel.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:TLRY) was last updated on 4/24/2024 by MarketBeat.com Staff

From Our Partners