After finishing at $2.43 in the prior trading day, Tilray Brands Inc (NASDAQ: TLRY) closed at $2.41, down -0.82%. In other words, the price has decreased by -$0.0200 from its previous closing price. On the day, 43314142 shares were traded.
Ratios:
Our goal is to gain a better understanding of TLRY by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 1.63. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.11.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 17 ’24 when FALTISCHEK DENISE M bought 10,000 shares for $2.05 per share. The transaction valued at 20,500 led to the insider holds 293,269 shares of the business.
Gendel Mitchell bought 7,200 shares of TLRY for $14,256 on Jan 16 ’24. The Global General Counsel now owns 195,796 shares after completing the transaction at $1.98 per share. On Jan 12 ’24, another insider, SIMON IRWIN D, who serves as the President and CEO of the company, bought 53,700 shares for $1.88 each. As a result, the insider paid 100,956 and bolstered with 2,033,058 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 1.82B and an Enterprise Value of 2.09B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.56 while its Price-to-Book (P/B) ratio in mrq is 0.52. Its current Enterprise Value per Revenue stands at 2.99 whereas that against EBITDA is -1.70.
Stock Price History:
Over the past 52 weeks, TLRY has reached a high of $3.40, while it has fallen to a 52-week low of $1.50. The 50-Day Moving Average of the stock is 1.9079, while the 200-Day Moving Average is calculated to be 2.0725.
Shares Statistics:
The stock has traded on average 25.94M shares per day over the past 3-months and 52.92M shares per day over the last 10 days, according to various share statistics. A total of 742.73M shares are outstanding, with a floating share count of 732.79M. Insiders hold about 1.34% of the company’s shares, while institutions hold 10.13% stake in the company. Shares short for TLRY as of Mar 15, 2024 were 119.31M with a Short Ratio of 4.60, compared to 120.35M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 15.80% and a Short% of Float of 15.87%.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. 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 -$1.9. The consensus estimate for the next quarter is -$0.03, with high estimates of $0 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.18 and -$0.29 for the fiscal current year, implying an average EPS of -$0.22. EPS for the following year is -$0.1, with 11 analysts recommending between $0.16 and -$0.29.
Revenue Estimates
A total of 15 analysts have provided revenue estimates for TLRY’s current fiscal year. The highest revenue estimate was $829.6M, while the lowest revenue estimate was $708.62M, resulting in an average revenue estimate of $795.77M. In the same quarter a year ago, actual revenue was $627.12M, up 26.90% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $885.55M in the next fiscal year. The high estimate is $959.3M and the low estimate is $768.86M. The average revenue growth estimate for next year is up 11.30% from the average revenue estimate for this year.
