Tilray Brands, Inc. (NASDAQ:TLRY – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.00.
Several equities analysts have commented on TLRY shares. Wall Street Zen lowered shares of Tilray Brands from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. TD Securities upgraded shares of Tilray Brands to a “strong-buy” rating in a research report on Friday, July 31st. TD Cowen cut their target price on Tilray Brands from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, July 14th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tilray Brands in a report on Friday, August 7th.
Check Out Our Latest Research Report on TLRY
Insider Activity at Tilray Brands
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Jupiter Topco LLC bought a new stake in shares of Tilray Brands during the 2nd quarter valued at approximately $188,000. Hsbc Holdings PLC acquired a new stake in Tilray Brands in the second quarter valued at approximately $182,000. Legal & General Group Plc acquired a new stake in Tilray Brands in the second quarter valued at approximately $381,000. Ieq Capital LLC bought a new stake in shares of Tilray Brands during the second quarter worth $146,000. Finally, BlackRock Inc. bought a new stake in shares of Tilray Brands during the second quarter worth $2,073,000. Institutional investors and hedge funds own 9.35% of the company’s stock.
Tilray Brands Price Performance
Shares of NASDAQ TLRY opened at $4.67 on Friday. The stock has a market capitalization of $636.07 million, a PE ratio of -4.32 and a beta of 1.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.21 and a quick ratio of 1.37. The business has a fifty day moving average price of $4.52 and a two-hundred day moving average price of $5.93. Tilray Brands has a fifty-two week low of $3.67 and a fifty-two week high of $23.20.
Tilray Brands (NASDAQ:TLRY – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.42). Tilray Brands had a negative return on equity of 7.76% and a negative net margin of 13.11%.The company had revenue of $281.71 million during the quarter, compared to the consensus estimate of $246.30 million. As a group, equities analysts predict that Tilray Brands will post -0.4 earnings per share for the current fiscal year.
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.
See Also
- Five stocks we like better than Tilray Brands
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
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.
