Tilray Brands Inc (NASDAQ: TLRY) on Monday, plunged -2.37% from the previous trading day, before settling in for the closing price of $1.69. Within the past 52 weeks, TLRY’s price has moved between $1.50 and $2.97.
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Annual sales at Healthcare sector company grew by 84.17% over the past five years. The company achieved an average annual earnings per share of 63.16%. With a float of $869.18 million, this company’s outstanding shares have now reached $875.45 million.
Let’s look at the performance matrix of the company that is accounted for 2650 employees. In terms of profitability, gross margin is 23.16%, operating margin of -16.49%, and the pretax margin is -31.56%.
Tilray Brands Inc (TLRY) Insider Updates
Observing investor behavior towards Drug Manufacturers – Specialty & Generic industry stocks is more important than anything else. The insider ownership of Tilray Brands Inc is 0.72%, while institutional ownership is 9.47%. 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) Performance Highlights and Predictions
As on 5/31/2024, Multinational firm has announced its last quarter scores, in which it reported -0.1 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.05) by -0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 63.16% 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
Tilray Brands Inc (TLRY) is currently performing well based on its current performance indicators. A quick ratio of 1.42 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.83.
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 -0.05 in one year’s time.
Technical Analysis of Tilray Brands Inc (TLRY)
Tilray Brands Inc (NASDAQ: TLRY) saw its 5-day average volume 29.09 million, a positive change from its year-to-date volume of 25.22 million. As of the previous 9 days, the stock’s Stochastic %D was 20.00%. Additionally, its Average True Range was 0.07.
During the past 100 days, Tilray Brands Inc’s (TLRY) raw stochastic average was set at 20.55%, which indicates a significant increase from 0.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.05% in the past 14 days, which was lower than the 45.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.7832, while its 200-day Moving Average is $1.8881. Nevertheless, the first resistance level for the watch stands at $1.6900 in the near term. At $1.7300, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.7500. If the price goes on to break the first support level at $1.6300, it is likely to go to the next support level at $1.6100. Assuming the price breaks the second support level, the third support level stands at $1.5700.
Tilray Brands Inc (NASDAQ: TLRY) Key Stats
Market capitalization of the company is 1.44 billion based on 774,029K outstanding shares. Right now, sales total 788,940 K and income totals -244,980 K. The company made 229,880 K in profit during its latest quarter, and -31,750 K in sales during its previous quarter.
