Friday, November 27, 2020

Tilray Inc. [TLRY] Revenue clocked in at $200.60 million, down -65.79% YTD: What’s Next?

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Tilray Inc. [NASDAQ: TLRY] price plunged by -12.93 percent to reach at -$0.87. The company report on October 5, 2020 that Highly-Anticipated Chowie Wowie Gummies added to High Park™ Edible Portfolio.

Cann­abis-infused gummies expand High Park’s existing line-up of edible brands and products.


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High Park Holdings Ltd. (“High Park”), a wholly-owned subsidiary of Tilray, Inc. (NASDAQ: TLRY), today announced the newest addition to its cannabis-infused edible product line: Chowie Wowie Gummies, which are now available in select provinces across Canada.

A sum of 11583066 shares traded at recent session while its average daily volume was at 7.14M shares. Tilray Inc. shares reached a high of $6.73 and dropped to a low of $5.76 until finishing in the latest session at $5.86.

The one-year TLRY stock forecast points to a potential upside of 24.58. The average equity rating for TLRY stock is currently 2.90, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Tilray Inc. [TLRY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TLRY shares is $7.77 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TLRY stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

MKM Partners have made an estimate for Tilray Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 01, 2020. The new note on the price target was released on September 21, 2020, representing the official price target for Tilray Inc. stock. Previously, the target price had yet another drop from $28 to $14, while The Benchmark Company kept a Buy rating on TLRY stock.

The Average True Range (ATR) for Tilray Inc. is set at 0.58, with the Price to Sales ratio for TLRY stock in the period of the last 12 months amounting to 3.77. The Price to Book ratio for the last quarter was 5.58.

TLRY Stock Performance Analysis:

Tilray Inc. [TLRY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.57. With this latest performance, TLRY shares gained by 22.34% in over the last four-week period, additionally sinking by -27.20% over the last 6 months – not to mention a drop of -75.24% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TLRY stock in for the last two-week period is set at 49.20, with the RSI for the last a single of trading hit 47.53, and the three-weeks RSI is set at 49.11 for Tilray Inc. [TLRY]. The present Moving Average for the last 50 days of trading for this stock 5.86, while it was recorded at 6.43 for the last single week of trading, and 8.98 for the last 200 days.

Insight into Tilray Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Tilray Inc. [TLRY] shares currently have an operating margin of -129.69 and a Gross Margin at -21.02. Tilray Inc.’s Net Margin is presently recorded at -192.34.

Return on Total Capital for TLRY is now -31.36, given the latest momentum, and Return on Invested Capital for the company is -46.66. Return on Equity for this stock declined to -133.01, with Return on Assets sitting at -41.36. When it comes to the capital structure of this company, Tilray Inc. [TLRY] has a Total Debt to Total Equity ratio set at 164.46. Additionally, TLRY Total Debt to Total Capital is recorded at 62.19, with Total Debt to Total Assets ending up at 52.34. Long-Term Debt to Equity for the company is recorded at 163.07, with the Long-Term Debt to Total Capital now at 61.66.

Reflecting on the efficiency of the workforce at the company, Tilray Inc. [TLRY] managed to generate an average of -$195,121 per employee. Receivables Turnover for the company is 5.52 with a Total Asset Turnover recorded at a value of 0.22.Tilray Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.80.

TLRY Stock EPS

With the latest financial reports released by the company, Tilray Inc. posted -0.36/share EPS, while the average EPS was predicted by analysts to be reported at -0.29/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -24.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TLRY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tilray Inc. go to -4.20%.

Tilray Inc. [TLRY] Insider Position Details

There are presently around $79 million, or 18.60% of TLRY stock, in the hands of institutional investors. The top three institutional holders of TLRY stocks are: ETF MANAGERS GROUP, LLC with ownership of 3,193,059, which is approximately 3.877% of the company’s market cap and around 10.00% of the total institutional ownership; MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., holding 1,892,649 shares of the stock with an approximate value of $11.09 million in TLRY stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $8.76 million in TLRY stock with ownership of nearly 2442.735% of the company’s market capitalization.

Positions in Tilray Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 93 institutional holders increased their position in Tilray Inc. [NASDAQ:TLRY] by around 4,773,890 shares. Additionally, 59 investors decreased positions by around 1,280,153 shares, while 62 investors held positions by with 7,350,462 shares. The mentioned changes placed institutional holdings at 13,404,505 shares, according to the latest SEC report filing. TLRY stock had 40 new institutional investments in for a total of 880,629 shares, while 36 institutional investors sold positions of 635,302 shares during the same period.

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