Tilray Brands Inc (NASDAQ: TLRY) has seen a decline in its stock price by -4.95 in relation to its previous close of 1.82. However, the company has experienced a 4.22% gain in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-16 that There are dozens of examples of the market creating millionaires, and even billionaires. However, massive wealth creation is never easy.
Is It Worth Investing in Tilray Brands Inc (NASDAQ: TLRY) Right Now?
Moreover, the 36-month beta value for TLRY is 2.36. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 12 as “hold,” and 0 as “sell.”
The average price recommended by analysts for Tilray Brands Inc (TLRY) is $2.82, which is $1.09 above the current market price. The public float for TLRY is 720.36M and currently, short sellers hold a 15.54% of that float. On November 16, 2023, TLRY’s average trading volume was 24.26M shares.
TLRY’s Market Performance
TLRY stock saw a decrease of 4.22% in the past week, with a monthly decline of -12.63% and a quarterly a decrease of -34.47%. The volatility ratio for the week is 6.46%, and the volatility levels for the last 30 days are 6.29% for Tilray Brands Inc (TLRY). The simple moving average for the last 20 days is -2.95% for TLRY stock, with a simple moving average of -24.85% for the last 200 days.
Analysts’ Opinion of TLRY
Many brokerage firms have already submitted their reports for TLRY stocks, with Bernstein repeating the rating for TLRY by listing it as a “Mkt Perform.” The predicted price for TLRY in the upcoming period, according to Bernstein is $3.90 based on the research report published on November 02, 2022 of the previous year 2022.
TLRY Trading at -20.11% from the 50-Day Moving Average
After a stumble in the market that brought TLRY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -66.21% of loss for the given period.
Volatility was left at 6.29%, however, over the last 30 days, the volatility rate increased by 6.46%, as shares sank -7.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.54% lower at present.
During the last 5 trading sessions, TLRY rose by +6.02%, which changed the moving average for the period of 200-days by -47.15% in comparison to the 20-day moving average, which settled at $1.7750. In addition, Tilray Brands Inc saw -35.69% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TLRY
Current profitability levels for the company are sitting at:
- -29.45 for the present operating margin
- +8.53 for the gross margin
The net margin for Tilray Brands Inc stands at -231.64. The total capital return value is set at -4.11, while invested capital returns managed to touch -33.74. Equity return is now at value -36.70, with -29.03 for asset returns.
Based on Tilray Brands Inc (TLRY), the company’s capital structure generated 17.80 points at debt to equity in total, while total debt to capital is 15.11. Total debt to assets is 13.42, with long-term debt to equity ratio resting at 11.03. Finally, the long-term debt to capital ratio is 9.37.
When we switch over and look at the enterprise to sales, we see a ratio of 2.16, with the company’s debt to enterprise value settled at 0.50. The receivables turnover for the company is 6.91 and the total asset turnover is 0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.79.
To wrap up, the performance of Tilray Brands Inc (TLRY) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.