Tilray Brands Inc (NASDAQ:TLRY) shares, rose in value, with the stock price down by -4.89% to the previous day’s close as strong demand from buyers drove the stock to $1.75.
Actively observing the price movement in the last trading, the stock closed the session at $1.84. 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 -24.24% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 783.28M, with a low estimate of 208.3M and a high estimate of 243M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 225.25M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TLRY currently trading nearly -17.61% and -9.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.74, while the 7-day volatility ratio is showing 5.51% which for the 30-day chart, stands at 9.13%. Furthermore, Tilray Brands Inc (TLRY)’s beta value is 2.44, and its average true range (ATR) is 0.17.
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 -4.89% in last session, and over the past year, it shrunk by -21.88%%.
Data on historical trading for Tilray Brands Inc (NASDAQ:TLRY) indicates that the trading volumes over the past 3 months, they’ve averaged 29.52 million. According to company’s latest data on outstanding shares, there are 774.03 million shares outstanding.
Nearly 1.34% of Tilray Brands Inc’s shares belong to company insiders and institutional investors own 9.62% of the company’s shares. The stock has fallen 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.
