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Wednesday, February 8, 2023

The Street Is Finally Waking Up To Tilray Brands Inc. (NASDAQ: TLRY)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Tilray Brands Inc. (TLRY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 1.02%, to $2.97. The Tilray Brands Inc. has recorded 57,989 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Tilray Brands, Inc. to Announce Second Quarter Fiscal 2023 Financial Results on January 9, 2023.

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Stocks Info

Tilray Brands Inc. is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Drug Manufacturers – Specialty & Generic industry. At the end of the last regular session, the stock closed at $2.94 and fluctuated between $2.9500 as its day high and $2.8200 as its day low. The current market capitalization of Tilray Brands Inc. is $1.79B. A total of 14.09 million shares were traded on the day, compared to an average of 24.26M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, TLRY has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 350,000 shares. Over the last 12 months, there were 21 BUYs and 26 SELLs from insiders. Insiders purchased 707,947 shares during that period but sold 2,112,916.

In the most recent transaction, Kennedy Brendan sold 350,000 shares of TLRY for 3.78 per share on Nov 07. After the transaction, the Director now owns 6,224,196 company shares. In a previous transaction on Oct 05, Kennedy Brendan sold 350,000 shares at 2.91 per share. TLRY shares that Director owns now total 6,574,196.

Among the insiders who sold shares, Kennedy Brendan disposed of 350,000 shares on Sep 06 at a per-share price of $3.22. This resulted in the Director holding 6,924,196 shares of TLRY after the transaction. In another insider transaction, Kennedy Brendan sold 350,000 shares at $3.09 per share on Jul 05. Company shares held by the Director now total 7,624,196.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for TLRY in the last 3 months, the mean price target is $4.42 with high estimates of $9.00 and low estimates of $2.00. In terms of 52-week highs and lows, TLRY has a high of $9.08 and a low of $2.52.

As of this writing, TLRY has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TLRY is Underweight with a score of 3.15. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 12 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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