Tilray Brands Inc (TLRY) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

With 15.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.71 shares. The 52-week range on TLRY shows that it touched its highest point at $3.40 and its lowest point at $1.50 during that stretch. It currently has a 1-year price target of $2.54. Beta for the stock currently stands at 2.34.

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Price Performance and Earnings:

Three-month performance surged to 8.05% while six-month performance fell -28.24%. The stock lost -37.95% in the past year, while it has lost -18.26% so far this year. A look at the trailing 12-month EPS for TLRY yields -2.28 with Next year EPS estimates of -0.09. For the next quarter, that number is -0.05. This implies an EPS growth rate of 90.61% for this year and 61.28% for next year. EPS is expected to grow by 37.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -23.57%.

Float and Shares Shorts:

At present, 742.73 million TLRY shares are outstanding with a float of 732.75 million shares on hand for trading. On Jan 31, 2024, short shares totaled 111.88 million, which was 14.82% higher than short shares on Dec 29, 2023. In addition to TLRY as the firm’s Tilray Brands, Inc., LTRY serves as its Lottery.com, Inc..

Institutional Ownership:

Through their ownership of 13.53% of TLRY’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TLRY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TLRY analysts setting a high price target of $4.25 and a low target of $2.00, the average target price over the next 12 months is $2.54. Based on these targets, TLRY could surge 126.06% to reach the target high and rise by 6.38% to reach the target low. Reaching the average price target will result in a growth of 35.11% from current levels.

Summary of Insider Activity:

Insiders traded TLRY stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 3,783,368 while 1,928,333 shares were sold.