There’s a new sense of excitement surrounding Tilray Brands Inc. (TLRY)

The price of Tilray Brands Inc. (NASDAQ: TLRY) closed at $2.45 in the last session, down -3.16% from day before closing price of $2.53. In other words, the price has decreased by -$0.0800 from its previous closing price. On the day, 6333665 shares were traded. TLRY stock price reached its highest trading level at $2.5900 during the session, while it also had its lowest trading level at $2.4300.

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We take a closer look at TLRY’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.60. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.09.

Upgrades & Downgrades

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TLRY now has a Market Capitalization of 1.52B and an Enterprise Value of 1.71B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.57 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at 2.87 whereas that against EBITDA is -1.05.

Stock Price History:

Over the past 52 weeks, TLRY has reached a high of $5.12, while it has fallen to a 52-week low of $2.17. The 50-Day Moving Average of the stock is 2.4826, while the 200-Day Moving Average is calculated to be 3.1123.

Shares Statistics:

According to the various share statistics, TLRY traded on average about 10.86M shares per day over the past 3-months and 9.34M shares per day over the past 10 days. A total of 615.53M shares are outstanding, with a floating share count of 609.65M. 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 Apr 27, 2023 were 50.88M with a Short Ratio of 50.88M, compared to 51.32M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 8.23% and a Short% of Float of 8.25%.

Earnings Estimates

The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.07, while EPS last year was -$0.9. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.03 and low estimates of -$0.07.

Analysts are recommending an EPS of between -$0.3 and -$2.33 for the fiscal current year, implying an average EPS of -$1.98. EPS for the following year is -$0.18, with 10 analysts recommending between -$0.1 and -$0.29.

Revenue Estimates

For the next quarter, 8 analysts are estimating revenue of $160.41M, an increase of 4.70% over than the figure of -$0.00% in the same quarter last year. There is a high estimate of $176M for the next quarter, whereas the lowest estimate is $150.4M.

A total of 13 analysts have provided revenue estimates for TLRY’s current fiscal year. The highest revenue estimate was $609.89M, while the lowest revenue estimate was $589.4M, resulting in an average revenue estimate of $597.88M. In the same quarter a year ago, actual revenue was $628.37M, down -4.90% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $667.28M in the next fiscal year. The high estimate is $751.24M and the low estimate is $610.1M. The average revenue growth estimate for next year is up 11.60% from the average revenue estimate for this year.