Tilray Brands, Inc. (NASDAQ:TLRY – Get Free Report) shares rose 1.8% during mid-day trading on Thursday . The stock traded as high as $5.71 and last traded at $5.65. Approximately 4,280,655 shares changed hands during trading, a decline of 3% from the average daily volume of 4,410,574 shares. The stock had previously closed at $5.55.
Tilray Brands News Summary
Here are the key news stories impacting Tilray Brands this week:
- Positive Sentiment: Tilray announced a new premium cannabis launch from its Broken Coast brand, introducing Cherry Ztripez flower and pre-rolls for summer. The rollout supports its premium product strategy and could help revenue and brand momentum. Article Title
- Positive Sentiment: A sector article flagged TLRY as one of the top Canadian marijuana stocks to watch, citing long-term industry potential, international expansion, improving operational efficiency, and possible U.S. cannabis reform as catalysts. Article Title
- Neutral Sentiment: Short-interest data showed no reported short interest change, offering little new trading signal for investors. Article Title
- Negative Sentiment: Recent commentary noted that Tilray’s stock has fallen sharply this year and remains under pressure, reflecting persistent concerns about the company’s fundamentals and the pace of any recovery. Article Title
- Negative Sentiment: Analysts and media coverage continue to emphasize that a meaningful breakout likely depends on U.S. federal cannabis reform, which remains uncertain and limits near-term upside. Article Title
Wall Street Analyst Weigh In
TLRY has been the topic of several recent research reports. Wall Street Zen upgraded Tilray Brands from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Roth Mkm upgraded Tilray Brands from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Thursday, April 2nd. TD Cowen dropped their price objective on Tilray Brands from $10.00 to $7.00 and set a “buy” rating for the company in a report on Monday, March 30th. Zacks Research upgraded Tilray Brands from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings cut Tilray Brands from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tilray Brands currently has an average rating of “Hold” and an average price target of $11.50.
Tilray Brands Trading Up 1.8%
The company has a current ratio of 2.79, a quick ratio of 1.66 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $6.25 and a two-hundred day simple moving average of $7.97. The firm has a market cap of $658.51 million, a PE ratio of -0.41 and a beta of 1.94.
Tilray Brands (NASDAQ:TLRY – Get Free Report) last released its quarterly earnings data on Wednesday, April 1st. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.10). Tilray Brands had a negative return on equity of 3.31% and a negative net margin of 156.51%.The business had revenue of $206.73 million during the quarter, compared to analysts’ expectations of $201.35 million. During the same quarter last year, the business posted ($0.87) EPS. Equities analysts forecast that Tilray Brands, Inc. will post -0.58 EPS for the current year.
Insider Activity at Tilray Brands
In other news, Director David G. Hopkinson sold 33,556 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $6.94, for a total value of $232,878.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.84% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Hilton Head Capital Partners LLC purchased a new position in shares of Tilray Brands in the 4th quarter valued at approximately $38,000. Essential Partners LLC increased its position in Tilray Brands by 110,137.5% during the 1st quarter. Essential Partners LLC now owns 8,819 shares of the company’s stock valued at $57,000 after buying an additional 8,811 shares in the last quarter. Engineers Gate Manager LP bought a new position in Tilray Brands during the 4th quarter valued at approximately $126,000. Oppenheimer & Co. Inc. bought a new position in Tilray Brands during the 3rd quarter valued at approximately $25,000. Finally, R Squared Ltd bought a new position in Tilray Brands during the 1st quarter valued at approximately $94,000. Hedge funds and other institutional investors own 9.35% of the company’s stock.
About Tilray Brands
Tilray Brands, Inc is a global cannabis-lifestyle and consumer packaged goods company engaged in the cultivation, production, distribution and sale of cannabis and cannabinoid-based products. The company develops and markets a diverse portfolio of branded products spanning medical cannabis, adult-use recreational products and wellness offerings. Through state-of-the-art cultivation facilities, research and development efforts, and quality control systems, Tilray Brands aims to deliver consistent, scalable products for a range of patient and consumer needs.
Tilray’s product lineup includes cannabis flower, pre-rolls, oils and tinctures, vapes, edibles and topicals, as well as hemp-derived cannabidiol (CBD) products.
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