Tilray Brands Inc [NASDAQ: TLRY] stock went on a downward path that fall over -1.58% on Friday, amounting to a one-week price decrease of less than -17.98%. The company report on January 9, 2024 at 7:00 AM that Tilray Brands Delivers Record Q2 Fiscal 2024 Net Revenue.
Record Q2 Net Revenue of $194 Million, Increases 34% Over the Prior Year Period.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Global Cannabis Leader with #1 Market Share in Canada and 31% Growth in Canadian Cannabis Net Revenue, Medical Cannabis Leader in Europe with 55% Growth in International Cannabis Net Revenue.
Over the last 12 months, TLRY stock dropped by -38.49%. The one-year Tilray Brands Inc stock forecast points to a potential upside of 26.95. The average equity rating for TLRY stock is currently 2.59, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.39 billion, with 742.73 million shares outstanding and 732.85 million shares in the current float. Compared to the average trading volume of 18.06M shares, TLRY stock reached a trading volume of 28678176 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Tilray Brands Inc [TLRY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TLRY shares is $2.56 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 2.59. 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.
Bernstein have made an estimate for Tilray Brands Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on November 02, 2022.
The Average True Range (ATR) for Tilray Brands Inc is set at 0.18, with the Price to Sales ratio for TLRY stock in the period of the last 12 months amounting to 1.98. The Price to Book ratio for the last quarter was 0.41, with the Price to Cash per share for the same quarter was set at 0.35.
TLRY Stock Performance Analysis:
Tilray Brands Inc [TLRY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.98. With this latest performance, TLRY shares gained by 3.89% in over the last four-week period, additionally plugging by 12.65% over the last 6 months – not to mention a drop of -38.49% 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 40.16, with the RSI for the last a single of trading hit 32.83, and the three-weeks RSI is set at 43.79 for Tilray Brands Inc [TLRY]. The present Moving Average for the last 50 days of trading for this stock 1.9446, while it was recorded at 2.0440 for the last single week of trading, and 2.1495 for the last 200 days.
Insight into Tilray Brands Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Tilray Brands Inc [TLRY] shares currently have an operating margin of -29.45 and a Gross Margin at +8.53. Tilray Brands Inc’s Net Margin is presently recorded at -231.64.
Return on Total Capital for TLRY is now -4.11, given the latest momentum, and Return on Invested Capital for the company is -33.74. Return on Equity for this stock declined to -37.66, with Return on Assets sitting at -29.50. When it comes to the capital structure of this company, Tilray Brands Inc [TLRY] has a Total Debt to Total Equity ratio set at 17.80. Additionally, TLRY Total Debt to Total Capital is recorded at 15.11, with Total Debt to Total Assets ending up at 13.42. Long-Term Debt to Equity for the company is recorded at 11.03, with the Long-Term Debt to Total Capital now at 9.37.
Reflecting on the efficiency of the workforce at the company, Tilray Brands Inc [TLRY] managed to generate an average of -$907,910 per employee. Receivables Turnover for the company is 6.91 with a Total Asset Turnover recorded at a value of 0.13.Tilray Brands Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.99 and a Current Ratio set at 1.63.
TLRY Stock EPS
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 Brands Inc go to 37.00%.
Tilray Brands Inc [TLRY] Institutonal Ownership Details
The top three institutional holders of TLRY stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in TLRY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in TLRY stock with ownership which is approximately 5.8325%.
