Tilray Brands Inc (NASDAQ: TLRY) is -19.13% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TLRY stock was last observed hovering at around $1.93 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $1.86, the stock is -1.06% and 2.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.19 million and changing -3.63% at the moment leaves the stock -2.42% off its SMA200. TLRY registered -17.70% loss for a year compared to 6-month gain of 6.90%.
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The stock witnessed a 1.64% loss in the last 1 month and extending the period to 3 months gives it a 0.54%, and is -3.63% down 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 4.10% over the week and 5.97% over the month.
Tilray Brands Inc (TLRY) has around 2650 employees, a market worth around $1.57B and $788.94M in sales. Profit margin for the company is -31.05%. Distance from 52-week low is 24.00% and -45.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.46%).
The EPS is expected to grow by 70.11% this year.
Tilray Brands Inc (TLRY) Top Institutional Holders
422.0 institutions hold shares in Tilray Brands Inc (TLRY), with institutional investors hold 11.80% of the company’s shares. The shares outstanding are 842.96M, and float is at 837.00M with Short Float at 12.94%. Institutions hold 11.63% of the Float.
The top institutional shareholder in the company is TOROSO INVESTMENTS, LLC with over 11.01 million shares valued at $18.28 million. The investor’s holdings represent 1.4597% of the TLRY Shares outstanding. As of 2024-06-30, the second largest holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP with 8.38 million shares valued at $13.92 million to account for 1.1113 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 5.68 million shares representing 0.7533% and valued at over $9.43 million, while MORGAN STANLEY holds 0.6274 of the shares totaling 4.73 million with a market value of $7.86 million.
Tilray Brands Inc (TLRY) Insider Activity
The most recent transaction is an insider purchase by FALTISCHEK DENISE M, the company’s Chief 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, Gendel Mitchell (Global General Counsel) acquired 5,400 shares at an average price of $1.87 for $10098.0. The insider now directly holds 188,596 shares of Tilray Brands Inc (TLRY).
