The stock of Tilray Brands Inc (TLRY) has seen a -4.95% decrease in the past week, with a -12.63% drop in the past month, and a -13.50% decrease in the past quarter. The volatility ratio for the week is 6.86%, and the volatility levels for the past 30 days are at 10.80% for TLRY. The simple moving average for the past 20 days is -21.49% for TLRY’s stock, with a -16.91% simple moving average for the past 200 days.
Is It Worth Investing in Tilray Brands Inc (NASDAQ: TLRY) Right Now?
The 36-month beta value for TLRY is also noteworthy at 2.46. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for TLRY is 763.68M, and at present, short sellers hold a 15.25% of that float. The average trading volume of TLRY on April 22, 2024 was 29.21M shares.
TLRY) stock’s latest price update
Tilray Brands Inc (NASDAQ: TLRY)’s stock price has increased by 0.58 compared to its previous closing price of 1.72. However, the company has seen a -4.95% decrease in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-17 that Tilray Brands and Canopy Growth are often the default options for investors looking for cannabis stocks. But those are risky, cash-burning businesses counting on the hopes that the U.S. legalizes marijuana soon.
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 -11.17% 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 -49.12% of loss for the given period.
Volatility was left at 10.80%, however, over the last 30 days, the volatility rate increased by 6.86%, as shares sank -11.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.47% lower at present.
During the last 5 trading sessions, TLRY fell by -4.95%, which changed the moving average for the period of 200-days by +5.49% in comparison to the 20-day moving average, which settled at $2.1925. In addition, Tilray Brands Inc saw -24.78% in overturn over a single year, with a tendency to cut further losses.
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:
- -0.27 for the present operating margin
- 0.25 for the gross margin
The net margin for Tilray Brands Inc stands at -0.43. The total capital return value is set at -0.05. Equity return is now at value -10.41, with -8.20 for asset returns.
Based on Tilray Brands Inc (TLRY), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -0.05. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is -6.23.
Currently, EBITDA for the company is -114.91 million with net debt to EBITDA at -17.44. When we switch over and look at the enterprise to sales, we see a ratio of 2.25. The receivables turnover for the company is 8.3for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.92.
Conclusion
In summary, Tilray Brands Inc (TLRY) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
