Tilray Brands Inc (NASDAQ: TLRY) is -37.83% lower on its value in year-to-date trading and has touched a low of $1.14 and a high of $2.97 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 $1.43 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $1.41, the stock is 9.73% and -1.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 52.65 million and changing -1.40% at the moment leaves the stock -19.57% off its SMA200. TLRY registered -34.70% loss for a year compared to 6-month loss of -15.38%. The firm has a 50-day simple moving average (SMA 50) of $1.4398 and a 200-day simple moving average (SMA200) of $1.75455.
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The stock witnessed a 6.72% gain in the last 1 month and extending the period to 3 months gives it a -14.88%, and is 15.32% 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 9.54% over the week and 6.16% over the month.
Tilray Brands Inc (TLRY) has around 2650 employees, a market worth around $1.26B and $812.04M in sales. Profit margin for the company is -26.18%. Distance from 52-week low is 23.68% and -52.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.56%).
The EPS is expected to grow by 62.53% this year
415.0 institutions hold shares in Tilray Brands Inc (TLRY), with institutional investors hold 12.18% of the company’s shares. The shares outstanding are 903.29M, and float is at 897.04M with Short Float at 12.77%. Institutions hold 12.10% 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 Merton Carl A, the company’s Chief Financial Officer. SEC filings show that Merton Carl A bought 26,000 shares of the company’s common stock on Nov 15 ’24 at a price of $1.36 per share for a total of $35360.0. Following the purchase, the insider now owns 26000.0 shares.
Tilray Brands Inc disclosed in a document filed with the SEC on Jan 17 ’24 that FALTISCHEK DENISE M (Chief Strategy Officer) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Jan 17 ’24 and was made at $2.05 per share for $20500.0. Following the transaction, the insider now directly holds 0.29 million shares of the TLRY stock.
Still, SEC filings show that on Jan 16 ’24, Gendel Mitchell (Global General Counsel) acquired 7,200 shares at an average price of $1.98 for $14256.0. The insider now directly holds 195,796 shares of Tilray Brands Inc (TLRY).
