A share price of Tilray Brands Inc [TLRY] is currently trading at $1.92, up 10.98%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TLRY shares have gain 14.97% over the last week, with a monthly amount glided 3.78%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tilray Brands Inc [NASDAQ: TLRY] stock has seen the most recent analyst activity on November 02, 2022, when Bernstein initiated its Mkt Perform rating and assigned the stock a price target of $3.90. Previously, The Benchmark Company downgraded its rating to Sell on July 29, 2022, and kept the price target unchanged to $3. On March 04, 2022, upgrade upgraded it’s rating to Buy but maintained its price target of $9 on the stock. Barclays started tracking the stock assigning a Underweight rating and suggested a price target of $10 on November 18, 2021. Cantor Fitzgerald downgraded its rating to a Neutral and reduced its price target to $11.80 on November 01, 2021. CIBC downgraded its rating to Neutral for this stock on June 11, 2021, but kept the price target unchanged to $25. In a note dated June 03, 2021, Cantor Fitzgerald upgraded an Overweight rating on this stock and revised its target price from $30.25 to $22.
Tilray Brands Inc experienced fluctuations in its stock price throughout the past year between $1.50 and $3.40. Currently, Wall Street analysts expect the stock to reach $8.45 within the next 12 months. Tilray Brands Inc [NASDAQ: TLRY] shares were valued at $1.92 at the most recent close of the market. An investor can expect a potential return of 340.1% based on the average TLRY price forecast.
Analyzing the TLRY fundamentals
Trailing Twelve Months sales for Tilray Brands Inc [NASDAQ:TLRY] were 700.50M which represents 34.44% growth. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at -1.96%, Pretax Profit Margin comes in at -2.02%, and Net Profit Margin reading is -2.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.33, Equity is -0.42 and Total Capital is -0.35. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.16.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.7600 points at the first support level, and at 1.6000 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.0600, and for the 2nd resistance point, it is at 2.2000.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tilray Brands Inc [NASDAQ:TLRY] is 1.63. In addition, the Quick Ratio stands at 0.99 and the Cash Ratio stands at 0.36. Considering the valuation of this stock, the price to sales ratio is 2.04, the price to book ratio is 0.42.
Transactions by insiders
Recent insider trading involved FALTISCHEK DENISE M, Chief Strategy Officer, that happened on Jan 17 ’24 when 10000.0 shares were purchased. Global General Counsel, Gendel Mitchell completed a deal on Jan 16 ’24 to buy 7200.0 shares. Meanwhile, President and CEO SIMON IRWIN D bought 53700.0 shares on Jan 12 ’24.
