Metrics That Matter About Tilray Brands Inc (NASDAQ: TLRY)

Tilray Brands Inc (NASDAQ:TLRY) shares, rose in value, with the stock price up by 18.26% to the previous day’s close as strong demand from buyers drove the stock to $2.85.

Actively observing the price movement in the last trading, the stock closed the session at $2.41. The value of beta (5-year monthly) was 2.35. Referring to stock’s 52-week performance, its high was $3.40, and the low was $1.50. On the whole, TLRY has fluctuated by 67.65% over the past month.

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With the market capitalization of Tilray Brands Inc currently standing at about $2.12 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 09, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.05, which is expected to increase to $0 for fiscal year -$0.22 and then to about -$0.1 by fiscal year 2025. Data indicates that the EPS growth is expected to be 90.60% in 2025, while the next year’s EPS growth is forecast to be 54.50%.

Analysts have estimated the company’s revenue for the quarter at $198.62 million, with a low estimate of $193.3 million and a high estimate of $209.8 million. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $795.61 million, representing an increase of 26.90% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that TLRY’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TLRY currently trading nearly 45.04% and 49.91% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 77.82, while the 7-day volatility ratio is showing 11.78% which for the 30-day chart, stands at 9.18%. Furthermore, Tilray Brands Inc (TLRY)’s beta value is 2.40, and its average true range (ATR) is 0.20.

A comparison of Tilray Brands Inc (TLRY) with its peers suggests the former has fared considerably weaker in the market. TLRY showed an intraday change of 18.26% in last session, and over the past year, it grew by 12.65%%.

Data on historical trading for Tilray Brands Inc (NASDAQ:TLRY) indicates that the trading volumes over the past 10 days have averaged 56.52 million and over the past 3 months, they’ve averaged 26.24 million. According to company’s latest data on outstanding shares, there are 742.73 million shares outstanding.

Nearly 1.34% of Tilray Brands Inc’s shares belong to company insiders and institutional investors own 10.13% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 119.31 million shares as on Mar 15, 2024, resulting in a short ratio of 7.41. According to the data, the short interest in Tilray Brands Inc (TLRY) stood at 15.80% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 120.35 million. The stock has risen by 23.91% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TLRY stock heading into the next quarter.