Tilray Brands Inc (NASDAQ: TLRY) is -78.70% lower on its value in year-to-date trading and has touched a low of $0.37 and a high of $2.15 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 $0.38 in the last trading session, with the day’s gains setting it 25.41%.
Currently trading at $25.79M, the stock is -13.35% and -19.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 43.45 million and changing 43447856% at the moment leaves the stock -65.65% off its SMA200. TLRY registered -72.93% loss for a year compared to 6-month loss of -70.00%. The firm has a 50-day simple moving average (SMA 50) of $0.445 and a 200-day simple moving average (SMA200) of $1.04825.
The stock witnessed a -20.51% gain in the last 1 month and extending the period to 3 months gives it a -44.49%, and is -13.52% 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 6.23% over the week and 4.17% over the month.
Tilray Brands Inc (TLRY) has around 2650 employees, a market worth around $369.19M and $826.66M in sales. Profit margin for the company is -114.40%. Distance from 52-week low is -2.70% and -83.26% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.07%).
The EPS is expected to shrink by -288.86% this year.
Tilray Brands Inc (TLRY) Top Institutional Holders
402.0 institutions hold shares in Tilray Brands Inc (TLRY), with institutional investors hold 10.17% of the company’s shares. The shares outstanding are 1.03B, and float is at 1.02B with Short Float at 18.06%. Institutions hold 10.10% 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 1.3875% 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 0.6373 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.
