Tilray Brands Inc (NASDAQ:TLRY) traded at $1.92 at close of the session on Tuesday, March 19, remained unchanged from its previous day’s price.
Looking at the stock we see that its previous close was $1.92 and the beta (5Y monthly) reads 2.35 . In terms of its 52-week price range, TLRY has a high of $3.40 and a low of $1.50.
Tilray Brands Inc has a market cap of $1.43 billion and is expected to release its quarterly earnings report on Apr 08, 2024 – Apr 12, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.05, with the EPS growth for the year raised at -$0.22 for 2024 and -$0.1 for next year. These figures represent 90.60% and 54.50% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $199.71 million, with a low of $193.3 million and a high of $209.8 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $795.77 million, or 26.90% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the TLRY stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note the current price level is 11.37% off its SMA20 and 2.96% from its 50-day simple moving average. The RSI (14) is pointing at 60.14 while the volatility over the past week is 8.45% and jumps to 5.26% over the past one month. The beta value is 2.32, while the average true range (ATR) is currently pointing at 0.11.
Coming back to Tilray Brands Inc (NASDAQ:TLRY), we note that the average 3-month trading volume was 22.87 million, while that of the preceding 10-day period stands at 20.68 million. Current shares outstanding are 742.73 million.
The insiders hold 1.34% of the company’s shares while institutions hold 10.03%. The data shows that short shares as of Feb 29, 2024, stood at 117.51 million at a short ratio of 6.3. This represents a 15.56% short interest in shares outstanding on Feb 29, 2024. Shares short rose in February from the previous month at 111.88 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -16.52% down in year-to-date price movement.
