Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Tilray Brands Inc (NASDAQ: TLRY) was $0.89 for the day, down -4.10% from the previous closing price of $0.93. In other words, the price has decreased by -$4.10 from its previous closing price. On the day, 55.79 million shares were traded.
Ratios:
Our analysis of TLRY’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.58 and its Current Ratio is at 2.54. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.10.
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, Alliance Global Partners on April 05, 2024, Reiterated its Neutral rating but revised its target price to $2.75 from $2.25 previously.
On November 02, 2022, Bernstein started tracking the stock assigning a Mkt Perform rating and target price of $3.90.
The Benchmark Company Downgraded its Hold to Sell on July 29, 2022, while the target price for the stock was maintained at $3.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 15 ’24 when Merton Carl A bought 26,000 shares for $1.36 per share. The transaction valued at 35,360 led to the insider holds 26,000 shares of the business.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.01 while its Price-to-Book (P/B) ratio in mrq is 0.24.
Stock Price History:
Over the past 52 weeks, TLRY has reached a high of $2.97, while it has fallen to a 52-week low of $0.90. The 50-Day Moving Average of the stock is -24.92%, while the 200-Day Moving Average is calculated to be -44.04%.
Shares Statistics:
A total of 937.65M shares are outstanding, with a floating share count of 931.36M. Insiders hold about 0.67% of the company’s shares, while institutions hold 10.89% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from 3.0 analysts. The consensus estimate for the next quarter is -$0.01, with high estimates of $0.03 and low estimates of -$0.04.
Analysts are recommending an EPS of between $0.04 and -$0.17 for the fiscal current year, implying an average EPS of -$0.1. EPS for the following year is -$0.04, with 5.0 analysts recommending between $0.07 and -$0.1.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 9 analysts. It ranges from a high estimate of $217.6M to a low estimate of $201M. As of the current estimate, Tilray Brands Inc’s year-ago sales were $188.34MFor the next quarter, 9 analysts are estimating revenue of $274.62M. There is a high estimate of $319M for the next quarter, whereas the lowest estimate is $240M.
A total of 13 analysts have provided revenue estimates for TLRY’s current fiscal year. The highest revenue estimate was $948M, while the lowest revenue estimate was $851M, resulting in an average revenue estimate of $896.11M. In the same quarter a year ago, actual revenue was $788.94MBased on 11 analysts’ estimates, the company’s revenue will be $947.07M in the next fiscal year. The high estimate is $1.02B and the low estimate is $899M.
