The trading price of Tilray Brands Inc (NASDAQ:TLRY) floating lower at last check on Monday, April 01, closing at $2.42, -2.02% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $3.40 and a 52-week low of $1.50. Over the past month, the stock has gained 39.89% in value.
Tilray Brands Inc, whose market valuation is $1.80 billion at the time of this writing, is expected to release its quarterly earnings report Apr 09, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.05 per share this quarter, however they have predicted annual earnings per share of -$0.22 for 2024 and -$0.1 for 2025. It means analysts are expecting annual earnings per share growth of 90.60% this year and 54.50% next year.
Analysts have forecast the company to bring in revenue of $199.71 million for the current quarter, with the likely lows of $193.3 million and highs of $209.8 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $795.77 million. The company’s revenue is forecast to grow by 26.90% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Tilray Brands Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest TLRY has a 25% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that TLRY’s price is currently 27.74% off the SMA20 and 28.51% off the SMA50. The RSI metric on the 14-day chart is currently showing 68.98, and weekly volatility stands at 15.17%. When measured over the past 30 days, the indicator reaches 7.94%. Tilray Brands Inc (NASDAQ:TLRY)’s beta value is currently sitting at 2.36, while the Average True Range indicator is currently displaying 0.17.
To see how Tilray Brands Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: TLRY stock’s performance was -2.02% at last check in today’s session, and -6.20% in the past year.
An evaluation of the daily trading volume of Tilray Brands Inc (NASDAQ:TLRY) indicates that the 3-month average is 25.82 million. However, this figure has increased over the past 10 days to an average of 54.7 million.
Currently, records show that 742.73 million of the company’s shares remain outstanding. The insiders hold 1.34% of outstanding shares, whereas institutions hold 10.05%. The stats also highlight that short interest as of Mar 15, 2024, stood at 119.31 million shares, resulting in a short ratio of 7.41 at that time. From this, we can conclude that short interest is 15.80% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 120.35 million. However, since the stock’s price has seen 5.22% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
