At the time of writing, Tilray Brands Inc [TLRY] stock is trading at $1.70, saw in change for the day. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TLRY shares have gain 1.19% over the last week, with a monthly amount drifted -5.03%, and not 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 April 05, 2024, when Alliance Global Partners reiterated its Neutral rating and also boosted its price target to $2.75 from $2.25. Previously, Bernstein started tracking the stock with Mkt Perform rating on November 02, 2022, and set its price target to $3.90. On July 29, 2022, downgrade downgraded it’s rating to Sell but maintained its price target of $3 on the stock. Canaccord Genuity upgraded its rating to a Buy but stick to its price target of $9 on March 04, 2022. Barclays initiated its recommendation with a Underweight and recommended $10 as its price target on November 18, 2021. Cantor Fitzgerald downgraded its rating to Neutral for this stock on November 01, 2021, and downed its price target to $11.80. In a note dated June 11, 2021, CIBC downgraded an Neutral rating on this stock but restated the target price of $25.
For the past year, the stock price of Tilray Brands Inc fluctuated between $1.50 and $3.37. 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 $1.70 at the most recent close of the market. An investor can expect a potential return of 397.06% based on the average TLRY price forecast.
Analyzing the TLRY fundamentals
According to Tilray Brands Inc [NASDAQ:TLRY], the company’s sales were 788.94M for trailing twelve months, which represents an 24.81% jump. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at -0.16%, Pretax Profit Margin comes in at -0.32%, and Net Profit Margin reading is -0.29%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.07 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
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 1.6633 points at the first support level, and at 1.6267 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7233, and for the 2nd resistance point, it is at 1.7467.
Ratios To Look Out For
It is important to note that Tilray Brands Inc [NASDAQ:TLRY] has a current ratio of 2.27. As well, the Quick Ratio is 1.42, while the Cash Ratio is 0.76. Considering the valuation of this stock, the price to sales ratio is 1.82, the price to book ratio is 0.41.
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, Global General Counsel Gendel Mitchell bought 5400.0 shares on Jan 12 ’24.
