The stock of Tilray Brands Inc (TLRY) has gone up by 5.06% for the week, with a 59.20% rise in the past month and a 13.32% rise in the past quarter. The volatility ratio for the week is 11.87%, and the volatility levels for the past 30 days are 9.89% for TLRY. The simple moving average for the past 20 days is 24.91% for TLRY’s stock, with a 25.90% simple moving average for the past 200 days.
Is It Worth Investing in Tilray Brands Inc (NASDAQ: TLRY) Right Now?
Company’s 36-month beta value is 2.38.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TLRY is 732.79M, and currently, short sellers hold a 16.28% ratio of that floaft. The average trading volume of TLRY on April 08, 2024 was 27.76M shares.
TLRY) stock’s latest price update
The stock price of Tilray Brands Inc (NASDAQ: TLRY) has plunged by -3.17 when compared to previous closing price of 2.68, but the company has seen a 5.06% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-06 that In my view, it’s the best time to grab undervalued penny stocks for multibagger returns. The first reason for this view is the point that rate cuts are impending in the second half of 2024.
Analysts’ Opinion of TLRY
Many brokerage firms have already submitted their reports for TLRY stocks, with Alliance Global Partners repeating the rating for TLRY by listing it as a “Neutral.” The predicted price for TLRY in the upcoming period, according to Alliance Global Partners is $2.75 based on the research report published on April 05, 2024 of the current year 2024.
Bernstein, on the other hand, stated in their research note that they expect to see TLRY reach a price target of $3.90. The rating they have provided for TLRY stocks is “Mkt Perform” according to the report published on November 02nd, 2022.
The Benchmark Company gave a rating of “Sell” to TLRY, setting the target price at $3 in the report published on July 29th of the previous year.
TLRY Trading at 34.41% 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 -23.68% of loss for the given period.
Volatility was left at 9.89%, however, over the last 30 days, the volatility rate increased by 11.87%, as shares surge +58.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.73% upper at present.
During the last 5 trading sessions, TLRY rose by +5.06%, which changed the moving average for the period of 200-days by +67.42% in comparison to the 20-day moving average, which settled at $2.13. In addition, Tilray Brands Inc saw 12.83% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TLRY starting from FALTISCHEK DENISE M, who purchase 10,000 shares at the price of $2.05 back on Jan 17 ’24. After this action, FALTISCHEK DENISE M now owns 293,269 shares of Tilray Brands Inc, valued at $20,500 using the latest closing price.
Gendel Mitchell, the Global General Counsel of Tilray Brands Inc, purchase 7,200 shares at $1.98 during a trade that took place back on Jan 16 ’24, which means that Gendel Mitchell is holding 195,796 shares at $14,256 based on the most recent closing price.
Stock Fundamentals for TLRY
Current profitability levels for the company are sitting at:
- -1.96 for the present operating margin
- 0.21 for the gross margin
The net margin for Tilray Brands Inc stands at -2.03. The total capital return value is set at -0.35. Equity return is now at value -36.49, with -29.17 for asset returns.
Based on Tilray Brands Inc (TLRY), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is -55.97.
Currently, EBITDA for the company is -114.91 million with net debt to EBITDA at -5.37. When we switch over and look at the enterprise to sales, we see a ratio of 3.3. The receivables turnover for the company is 7.73for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.63.
Conclusion
In a nutshell, Tilray Brands Inc (TLRY) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
