Tilray Brands Inc (TLRY) Testing Investors’ Patience Right Now

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

The company’s stock has a 5-day price change of 5.06% and 13.32% over the past three months. TLRY shares are trading 12.83% year to date (YTD), with the 12-month market performance up to 4.22% higher. 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 27.76 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 24.91%, 34.41%, and 25.90% respectively.

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Institutional ownership of Tilray Brands Inc (NASDAQ: TLRY) shares accounts for 10.13% of the company’s 742.73M shares outstanding.

It has a market capitalization of $1.93B and a beta (3y monthly) value of 2.38. 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 11.87% over the week and 9.89% 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 60.46% 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. Alliance Global Partners stated their Neutral rating for the stock in a research note on April 05, 2024, with the firm’s price target at $2.25-$2.75. Bernstein coverage for the Tilray Brands Inc (TLRY) stock in a research note released on November 02, 2022 offered a Mkt Perform rating with a price target of $3.90. The Benchmark Company was of a view on July 29, 2022 that the stock is Sell, while Canaccord Genuity gave the stock Buy rating on March 04, 2022, issuing a price target of $9. Barclays on their part issued Underweight rating on November 18, 2021.

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