Tilray Brands Inc (NASDAQ: TLRY) is -65.69% lower on its value in year-to-date trading and has touched a low of $0.54 and a high of $2.77 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 $0.58 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $0.46, the stock is -28.16% and -41.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 61.78 million and changing -21.23% at the moment leaves the stock -67.19% off its SMA200. TLRY registered -82.42% loss for a year compared to 6-month loss of -73.00%. The firm has a 50-day simple moving average (SMA 50) of $0.7824 and a 200-day simple moving average (SMA200) of $1.3909.
The stock witnessed a -29.86% gain in the last 1 month and extending the period to 3 months gives it a -67.41%, and is -30.25% 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 11.09% over the week and 8.17% over the month.
Tilray Brands Inc (TLRY) has around 2650 employees, a market worth around $427.85M and $829.22M in sales. Profit margin for the company is -30.02%. Distance from 52-week low is -15.66% and -83.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.54%).
The EPS is expected to shrink by -70.86% this year.
Tilray Brands Inc (TLRY) Top Institutional Holders
407.0 institutions hold shares in Tilray Brands Inc (TLRY), with institutional investors hold 11.80% of the company’s shares. The shares outstanding are 937.65M, and float is at 931.58M with Short Float at 17.85%. Institutions hold 11.73% 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 1.3875% 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 1.0564 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 5.68 million shares representing 0.716% and valued at over $9.43 million, while MORGAN STANLEY holds 0.5964 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.
