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Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
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S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
How O.J. Simpson burned the Ford Bronco into America's collective memory
NASDAQ:TLRY

Tilray (TLRY) Stock Price, News & Analysis

$1.82
-0.08 (-4.21%)
(As of 04/12/2024 ET)
Today's Range
$1.78
$1.97
50-Day Range
$1.60
$2.85
52-Week Range
$1.50
$3.40
Volume
36.45 million shs
Average Volume
49.47 million shs
Market Capitalization
$1.35 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
48.8% Upside
$2.71 Price Target
Short Interest
Bearish
15.68% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.08mentions of Tilray in the last 14 days
Based on 50 Articles This Week
Insider Trading
Acquiring Shares
$34,756 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.27) to ($0.08) 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.

1.85 out of 5 stars

Consumer Staples Sector

107th out of 134 stocks

Medicinals & Botanicals Industry

7th out of 12 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.
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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.
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If you think a market crash is possible in 2024, I don't know why you're not using this yet.
Analysts Set Tilray Inc (NASDAQ:TLRY) Target Price at $2.88
Tilray (NASDAQ:TLRY) Stock Price Down 6.9% on Analyst Downgrade
CIBC Trims Tilray (NASDAQ:TLRY) Target Price to $2.00
3 Cannabis Stocks on the Brink of a Massive Breakout
Why Marijuana Stocks Got Burnt Today
See More Headlines
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Company Calendar

Last Earnings
4/10/2023
Today
4/13/2024
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
+48.8%
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
$4.50 per share

Miscellaneous

Free Float
737,674,000
Market Cap
$1.35 billion
Optionable
Optionable
Beta
2.36
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TLRY Stock Analysis - Frequently Asked Questions

Should I buy or sell Tilray stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tilray in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 brokers have issued 1 year price targets for Tilray's stock. Their TLRY share price targets range from $2.00 to $4.00. On average, they expect the company's stock price to reach $2.71 in the next year. This suggests a possible upside of 48.8% 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 shares have decreased by 20.9% and is now trading at $1.82.
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) posted its quarterly earnings data on Monday, April, 10th. The company reported ($1.90) earnings per share for the quarter, missing the consensus estimate 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 2.68% and a negative net margin of 43.98%. The business's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share.

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 IPO on Thursday, July 19th 2018. The company issued 9,000,000 shares at $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.

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 4/13/2024 by MarketBeat.com Staff

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