Is Tilray Brands Inc’s (NASDAQ:TLRY) Stock On The Decline?

The trading price of Tilray Brands Inc (NASDAQ:TLRY) closed higher on Monday, May 13, closing at $1.99, 3.11% higher 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 9.34% in value.

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Tilray Brands Inc, whose market valuation is $1.60 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest TLRY has a 50% Sell 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% Buy, while an average of long term indicators suggests that the stock is currently Hold.

A quick review shows that TLRY’s price is currently 4.79% off the SMA20 and 0.28% off the SMA50. The RSI metric on the 14-day chart is currently showing 50.28, and weekly volatility stands at 5.83%. When measured over the past 30 days, the indicator reaches 8.90%. Tilray Brands Inc (NASDAQ:TLRY)’s beta value is currently sitting at 2.29, while the Average True Range indicator is currently displaying 0.19.

To see how Tilray Brands Inc stock has been performing in comparison to its peers in the industry, here are the numbers: TLRY stock’s performance was 3.11% in the latest trading, and -18.11% in the past year.

An evaluation of the daily trading volume of Tilray Brands Inc (NASDAQ:TLRY) indicates that the 3-month average is 33.61 million.

Currently, records show that 806.16 million of the company’s shares remain outstanding. The insiders hold 1.34% of outstanding shares, whereas institutions hold 9.27%. However, since the stock’s price has seen -13.48% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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