Tilray Brands (NASDAQ:TLRY) Stock Price Up 3.9% – Here’s What Happened

Tilray Brands, Inc. (NASDAQ:TLRYGet Free Report)’s stock price rose 3.9% on Monday . The company traded as high as $4.08 and last traded at $4.03. Approximately 3,577,522 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 4,208,949 shares. The stock had previously closed at $3.88.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Roth Capital upgraded shares of Tilray Brands from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Thursday, April 2nd. ATB Cormark Capital Markets lowered their target price on shares of Tilray Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings lowered shares of Tilray Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 13th. Finally, TD Cowen cut their price target on shares of Tilray Brands from $7.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Read Our Latest Stock Analysis on TLRY

Tilray Brands Stock Up 3.9%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.66 and a current ratio of 2.79. The firm has a fifty day moving average price of $4.79 and a 200 day moving average price of $6.41. The firm has a market capitalization of $469.70 million, a price-to-earnings ratio of -0.30 and a beta of 1.89.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TLRY. Hilton Head Capital Partners LLC acquired a new stake in Tilray Brands in the fourth quarter valued at $38,000. Cerity Partners LLC grew its stake in shares of Tilray Brands by 98.5% during the 2nd quarter. Cerity Partners LLC now owns 92,560 shares of the company’s stock worth $38,000 after purchasing an additional 45,929 shares during the period. Marex Group plc acquired a new position in shares of Tilray Brands during the 2nd quarter worth $40,000. Hilton Capital Management LLC acquired a new position in shares of Tilray Brands during the 2nd quarter worth $41,000. Finally, Essential Partners LLC increased its holdings in shares of Tilray Brands by 110,137.5% in the 1st quarter. Essential Partners LLC now owns 8,819 shares of the company’s stock valued at $57,000 after purchasing an additional 8,811 shares in the last quarter. Hedge funds and other institutional investors own 9.35% of the company’s stock.

About Tilray Brands

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Tilray Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tilray Brands and related companies with MarketBeat.com's FREE daily email newsletter.