Tilray Brands Inc (NASDAQ: TLRY): Stock That Needs Special Handling

Currently, there are 742.73M common shares owned by the public and among those 732.79M shares have been available to trade.

Insiders at the company have transacted a total of 50 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 27 of these insider trades were purchases, accounting for 3,783,368 shares. Insider sales of the common stock occurred on 23 occasions, with total insider shares sold totaling 1,928,333 shares.

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The company’s stock has a 5-day price change of -4.86% and -1.12% over the past three months. TLRY shares are trading -23.48% year to date (YTD), with the 12-month market performance down to -38.03% lower. It has a 12-month low price of $1.50 and touched a high of $3.40 over the same period. TLRY has an average intraday trading volume of 22.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.16%, -12.09%, and -15.28% respectively.

Institutional ownership of Tilray Brands Inc (NASDAQ: TLRY) shares accounts for 10.05% of the company’s 742.73M shares outstanding.

It has a market capitalization of $1.31B and a beta (3y monthly) value of 2.32. The earnings-per-share (ttm) stands at -$2.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.98% over the week and 5.18% over the month.

Analysts forecast that Tilray Brands Inc (TLRY) will achieve an EPS of -$0.05 for the current quarter, -$0.03 for the next quarter and -$0.1 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was -$1.9 a year ago. Earnings per share for the fiscal year are expected to increase by 90.61%, and 61.28% over the next financial year. EPS should grow at an annualized rate of 37.00% over the next five years, compared to -23.57% over the past 5-year period.

Looking at the support for the TLRY, a number of firms have released research notes about the stock. Bernstein stated their Mkt Perform rating for the stock in a research note on November 02, 2022, with the firm’s price target at $3.90. The Benchmark Company coverage for the Tilray Brands Inc (TLRY) stock in a research note released on July 29, 2022 offered a Sell rating with a price target of $3. Canaccord Genuity was of a view on March 04, 2022 that the stock is Buy, while Barclays gave the stock Underweight rating on November 18, 2021, issuing a price target of $10. Cantor Fitzgerald on their part issued Neutral rating on November 01, 2021.

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