A new trading day began on Monday, with Tilray Brands Inc (NASDAQ: TLRY) stock price down -6.99% from the previous day of trading, before settling in for the closing price of $1.86. TLRY’s price has ranged from $1.60 to $3.40 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 84.17% over the past five years. Meanwhile, its annual earnings per share averaged 70.20%. With a float of $837.46 million, this company’s outstanding shares have now reached $842.96 million.
Let’s look at the performance matrix of the company that is accounted for 2650 employees.
Tilray Brands Inc (TLRY) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Drug Manufacturers – Specialty & Generic Industry. The insider ownership of Tilray Brands Inc is 0.65%, while institutional ownership is 10.26%. The most recent insider transaction that took place on Jan 17 ’24, was worth 20,500. In this transaction Chief Strategy Officer of this company bought 10,000 shares at a rate of $2.05, taking the stock ownership to the 293,269 shares. Before that another transaction happened on Jan 16 ’24, when Company’s Global General Counsel bought 7,200 for $1.98, making the entire transaction worth $14,256. This insider now owns 195,796 shares in total.
Tilray Brands Inc (TLRY) Latest Financial update
In its latest quarterly report, released on 5/31/2024, the company reported earnings of -0.1 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 70.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 37.00% during the next five years compared to 36.51% growth over the previous five years of trading.
Tilray Brands Inc (NASDAQ: TLRY) Trading Performance Indicators
Here are Tilray Brands Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.42. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.33, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.06 in one year’s time.
Technical Analysis of Tilray Brands Inc (TLRY)
Tilray Brands Inc (NASDAQ: TLRY) saw its 5-day average volume 36.87 million, a positive change from its year-to-date volume of 26.1 million. As of the previous 9 days, the stock’s Stochastic %D was 30.74%. Additionally, its Average True Range was 0.12.
During the past 100 days, Tilray Brands Inc’s (TLRY) raw stochastic average was set at 9.49%, which indicates a significant decrease from 10.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.47% in the past 14 days, which was lower than the 97.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.7909, while its 200-day Moving Average is $1.9031. Nevertheless, the first resistance level for the watch stands at $1.7867 in the near term. At $1.8433, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.8967. If the price goes on to break the first support level at $1.6767, it is likely to go to the next support level at $1.6233. The third support level lies at $1.5667 if the price breaches the second support level.
Tilray Brands Inc (NASDAQ: TLRY) Key Stats
With a market capitalization of 1.46 billion, the company has a total of 774,029K Shares Outstanding. Currently, annual sales are 627,120 K while annual income is -1,453 M. The company’s previous quarter sales were 188,340 K while its latest quarter income was -92,700 K.
