Tilray Brands Inc (NASDAQ: TLRY) is -63.38% lower on its value in year-to-date trading and has touched a low of $0.43 and a high of $2.52 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 $0.49 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.49, the stock is -8.14% and -25.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 30.77 million and changing -1.06% at the moment leaves the stock -63.04% off its SMA200. TLRY registered -73.53% loss for a year compared to 6-month loss of -71.51%. The firm has a 50-day simple moving average (SMA 50) of $0.6514 and a 200-day simple moving average (SMA200) of $1.31805.
The stock witnessed a -25.66% gain in the last 1 month and extending the period to 3 months gives it a -57.27%, and is 8.24% 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 8.19% over the week and 9.77% over the month.
Tilray Brands Inc (TLRY) has around 2650 employees, a market worth around $491.57M and $826.66M in sales. Profit margin for the company is -114.40%. Distance from 52-week low is 13.28% and -80.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.07%).
with sales reaching $249.71M over the same period.The EPS is expected to shrink by -288.79% this year, but quarterly earnings will post 8.08% year-over-year. Quarterly sales are estimated to grow 8.63% in year-over-year returns.
Tilray Brands Inc (TLRY) Top Institutional Holders
404.0 institutions hold shares in Tilray Brands Inc (TLRY), with institutional investors hold 10.97% of the company’s shares. The shares outstanding are 1.01B, and float is at 1.00B with Short Float at 17.34%. Institutions hold 10.90% 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.
