Tilray Brands (NASDAQ:TLRY) Stock Rating Upgraded by Roth Mkm

Tilray Brands (NASDAQ:TLRYGet Free Report) was upgraded by stock analysts at Roth Mkm from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a $10.00 price objective on the stock. Roth Mkm’s price objective would indicate a potential upside of 62.87% from the company’s previous close.

Several other equities analysts have also recently commented on TLRY. Zacks Research raised shares of Tilray Brands from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. TD Cowen lowered their target price on shares of Tilray Brands from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Tilray Brands in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Tilray Brands from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, ATB Cormark Capital Markets upgraded Tilray Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 10th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.75.

Get Our Latest Research Report on TLRY

Tilray Brands Stock Performance

Shares of TLRY opened at $6.14 on Thursday. Tilray Brands has a 52-week low of $3.51 and a 52-week high of $23.20. The stock’s 50-day simple moving average is $7.37 and its 200 day simple moving average is $10.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.72 and a current ratio of 2.81. The stock has a market capitalization of $715.35 million, a price-to-earnings ratio of -0.28 and a beta of 1.96.

Tilray Brands (NASDAQ:TLRYGet Free Report) last posted its earnings results on Thursday, January 8th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.12. Tilray Brands had a negative return on equity of 6.35% and a negative net margin of 251.69%.The business had revenue of $217.51 million during the quarter, compared to analyst estimates of $211.15 million. During the same quarter in the previous year, the firm earned ($0.03) EPS. Research analysts forecast that Tilray Brands will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Tilray Brands

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC increased its holdings in shares of Tilray Brands by 15.0% in the 2nd quarter. Tidal Investments LLC now owns 28,971,835 shares of the company’s stock worth $12,006,000 after buying an additional 3,776,410 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Tilray Brands by 281.0% during the 3rd quarter. Millennium Management LLC now owns 4,942,319 shares of the company’s stock worth $8,550,000 after acquiring an additional 3,645,060 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Tilray Brands in the third quarter worth $5,813,000. Ausdal Financial Partners Inc. bought a new position in Tilray Brands in the second quarter valued at $939,000. Finally, Scientech Research LLC bought a new position in Tilray Brands in the third quarter valued at $1,748,000. Hedge funds and other institutional investors own 9.35% of the company’s stock.

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About Tilray Brands

(Get Free Report)

Tilray Brands, Inc is a global cannabis-lifestyle and consumer packaged goods company engaged in the cultivation, production, distribution and sale of cannabis and cannabinoid-based products. The company develops and markets a diverse portfolio of branded products spanning medical cannabis, adult-use recreational products and wellness offerings. Through state-of-the-art cultivation facilities, research and development efforts, and quality control systems, Tilray Brands aims to deliver consistent, scalable products for a range of patient and consumer needs.

Tilray’s product lineup includes cannabis flower, pre-rolls, oils and tinctures, vapes, edibles and topicals, as well as hemp-derived cannabidiol (CBD) products.

Further Reading

Analyst Recommendations for Tilray Brands (NASDAQ:TLRY)

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