It is Poised to be a Bull Market for Tilray Brands Inc (TLRY)

With 38.23 million shares changed hands, the volume of the stock remained heavier than its average volume of 28.06 million 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 $2.58. Beta for the stock currently stands at 2.40.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TLRY was up-trending over the past week, with a rise of 6.58%, but this was up by 57.93% over a month. Three-month performance surged to 13.60% while six-month performance rose 22.17%. The stock gained 6.15% in the past year, while it has gained 12.61% 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 60.46% 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 732.79 million shares on hand for trading. On Mar 15, 2024, short shares totaled 119.31 million, which was 15.80% higher than short shares on Feb 15, 2024. In addition to TLRY as the firm’s Tilray Brands, Inc., THRY serves as its Thryv Holdings, Inc.

Institutional Ownership:

Through their ownership of 11.14% 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.

Dividends & Yield:

In terms of dividends, TLRY has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and TLRY currently yields $0.00. In the past year, TLRY’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, TLRY has a current buyback yield of $0.00. This was $0.00 for the TTM, and it was $– for the past five years.