Are Tilray Brands Inc. (NASDAQ:TLRY) shares too expensive at this price?

As of close of business last night, Tilray Brands Inc.’s stock clocked out at $3.66, down -2.14% from its previous closing price of $3.74. In other words, the price has decreased by -$0.0800 from its previous closing price. On the day, 13296201 shares were traded. TLRY stock price reached its highest trading level at $3.7800 during the session, while it also had its lowest trading level at $3.5900.

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To gain a deeper understanding of TLRY’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.40 and its Current Ratio is at 3.30. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.12.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Bernstein on November 02, 2022, initiated with a Mkt Perform rating and assigned the stock a target price of $3.90.

On July 29, 2022, The Benchmark Company Downgraded its rating to Sell which previously was Hold but kept the price unchanged to $3.

Canaccord Genuity Upgraded its Hold to Buy on March 04, 2022, while the target price for the stock was maintained at $9.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 07 when Kennedy Brendan sold 350,000 shares for $3.78 per share. The transaction valued at 1,322,755 led to the insider holds 6,224,196 shares of the business.

Kennedy Brendan sold 350,000 shares of TLRY for $1,018,395 on Oct 05. The Director now owns 6,574,196 shares after completing the transaction at $2.91 per share. On Sep 06, another insider, Kennedy Brendan, who serves as the Director of the company, sold 350,000 shares for $3.22 each. As a result, the insider received 1,128,015 and left with 6,924,196 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 3.85 while its Price-to-Book (P/B) ratio in mrq is 0.47.

Stock Price History:

Over the past 52 weeks, TLRY has reached a high of $11.20, while it has fallen to a 52-week low of $2.65. The 50-Day Moving Average of the stock is 3.4044, while the 200-Day Moving Average is calculated to be 4.4149.

Shares Statistics:

It appears that TLRY traded 22.50M shares on average per day over the past three months and 23.23M shares per day over the past ten days. A total of 611.40M shares are outstanding, with a floating share count of 593.44M. Insiders hold about 1.40% of the company’s shares, while institutions hold 12.50% stake in the company. Shares short for TLRY as of Oct 13, 2022 were 60.14M with a Short Ratio of 56.14M, compared to 64.51M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 9.84% and a Short% of Float of 9.98%.

Earnings Estimates

As of right now, 0 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is -$0.3, with 2 analysts recommending between -$0.28 and -$0.31.

Revenue Estimates

Based on 2 analysts’ estimates, the company’s revenue will be $1.03B in the next fiscal year. The high estimate is $1.17B and the low estimate is $894.03M. The average revenue growth estimate for next year is up 21.00% from the average revenue estimate for this year.