Tilray Brands (NASDAQ:TLRY) Trading 44.1% Higher – What’s Next?

by · The Cerbat Gem

Tilray Brands, Inc. (NASDAQ:TLRY – Get Free Report) shares traded up 44.1% during mid-day trading on Friday . The company traded as high as $12.41 and last traded at $12.15. 80,078,390 shares were traded during trading, an increase of 1,389% from the average session volume of 5,377,517 shares. The stock had previously closed at $8.43.

Analyst Ratings Changes

Several research firms have recently issued reports on TLRY. Jefferies Financial Group upped their target price on shares of Tilray Brands from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, August 25th. Atb Cap Markets raised shares of Tilray Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Wall Street Zen raised shares of Tilray Brands from a “strong sell” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tilray Brands in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Tilray Brands has a consensus rating of “Hold” and an average target price of $20.00.

Read Our Latest Analysis on Tilray Brands

Tilray Brands Price Performance

The firm has a market cap of $1.36 billion, a PE ratio of -0.54 and a beta of 1.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.62 and a quick ratio of 1.56. The business’s fifty day moving average is $12.34 and its 200-day moving average is $9.63.

Hedge Funds Weigh In On Tilray Brands

Several institutional investors have recently bought and sold shares of the company. Silverlake Wealth Management LLC bought a new position in Tilray Brands during the third quarter valued at $25,000. Oppenheimer & Co. Inc. bought a new stake in shares of Tilray Brands in the third quarter valued at $25,000. Unified Investment Management purchased a new position in shares of Tilray Brands during the 3rd quarter valued at $26,000. J.W. Cole Advisors Inc. grew its stake in shares of Tilray Brands by 203.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 71,890 shares of the company’s stock worth $30,000 after acquiring an additional 48,177 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Tilray Brands during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 9.35% of the company’s stock.

Tilray Brands Company Profile

(Get Free Report)

Tilray, Inc engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc is headquartered in Canada.

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