Tilray Brands Inc (NASDAQ:TLRY) price on Thursday, May 09,rose 1.54% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.98.
A look at the stock’s price movement, the close in the last trading session was $1.95. Turning to its 52-week performance, $3.40 and $1.50 were the 52-week high and 52-week low respectively. Overall, TLRY moved -1.98% over the past month.
Tilray Brands Inc’s market cap currently stands at around $1.60 billion.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TLRY is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
TLRY’s current price about 4.79% and 0.21% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.78, while 7-day volatility ratio is 6.03% and 9.14% in the 30-day chart. Further, Tilray Brands Inc (TLRY) has a beta value of 2.31, and an average true range (ATR) of 0.19.
If we refocus on Tilray Brands Inc (NASDAQ:TLRY), historical trading data shows that trading volumes averaged 33.82 million over the past 3 months. The company’s latest data on shares outstanding shows there are 806.16 million shares.
The 1.34% of Tilray Brands Inc’s shares are in the hands of company insiders while institutional holders own 9.24% of the company’s shares. Current price change has pushed the stock -13.91% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TLRY stock continues to rise going into the next quarter.