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Positives for Tilray Brands Inc (TLRY) as stock gains in recent trading

Tilray Brands Inc (NASDAQ: TLRY) is 4.78% higher on its value in year-to-date trading and has touched a low of $1.50 and a high of $3.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TLRY stock was last observed hovering at around $2.43 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $2.41, the stock is 24.90% and 27.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 43.31 million and changing -0.82% at the moment leaves the stock 17.82% off its SMA200. TLRY registered -4.37% loss for a year compared to 6-month loss of 0.84%. The firm has a 50-day simple moving average (SMA 50) of $3.00 and a 200-day simple moving average (SMA200) of -$1.71.

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The stock witnessed a 39.31% gain in the last 1 month and extending the period to 3 months gives it a 4.78%, and is 12.09% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.29% over the week and 8.36% over the month.

Tilray Brands Inc (TLRY) has around 1600 employees, a market worth around $1.79B and $700.50M in sales. Profit margin for the company is -204.18%. Distance from 52-week low is 60.67% and -29.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-38.33%).

Tilray Brands Inc quarterly earnings per share for the current quarter are estimated at -$0.05 with sales reaching $199.71M over the same period.The EPS is expected to grow by 90.61% this year, but quarterly earnings will post 26.90% year-over-year.

Tilray Brands Inc (TLRY) Top Institutional Holders

414 institutions hold shares in Tilray Brands Inc (TLRY), with institutional investors hold 11.29% of the company’s shares. The shares outstanding are 742.73M, and float is at 732.79M with Short Float at 16.28%. Institutions hold 11.14% of the Float.

The top institutional shareholder in the company is ETF Managers Group, LLC with over 7.6 million shares valued at $19.22 million. The investor’s holdings represent 1.04% of the TLRY Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 3.82 million shares valued at $5.96 million to account for 0.52% of the shares outstanding. The other top investors are Susquehanna International Group, LLP which holds 3.28 million shares representing 0.45% and valued at over $5.11 million, while Mirae Asset Global Investments Co., Ltd. holds 0.41% of the shares totaling 2.99 million with a market value of $4.66 million.

Tilray Brands Inc (TLRY) Insider Activity

The most recent transaction is an insider purchase by FALTISCHEK DENISE M,the company’sChief Strategy Officer. SEC filings show that FALTISCHEK DENISE M bought 10,000 shares of the company’s common stock on Jan 17 ’24 at a price of $2.05 per share for a total of $20500.0. Following the purchase, the insider now owns 0.29 million shares.

Tilray Brands Inc disclosed in a document filed with the SEC on Jan 16 ’24 that Gendel Mitchell (Global General Counsel) bought a total of 7,200 shares of the company’s common stock. The trade occurred on Jan 16 ’24 and was made at $1.98 per share for $14256.0. Following the transaction, the insider now directly holds 0.2 million shares of the TLRY stock.

Still, SEC filings show that on Jan 12 ’24, SIMON IRWIN D (President and CEO) acquired 53,700 shares at an average price of $1.88 for $0.1 million. The insider now directly holds 2,033,058 shares of Tilray Brands Inc (TLRY).

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