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Wednesday, February 8, 2023

Analyst Expects Tilray Brands Inc. (NASDAQ: TLRY) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Tilray Brands Inc. (TLRY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 1.36%, to $2.99. The Tilray Brands Inc. has recorded 110,292 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Alpine Beer Launches INFINITE HAZE Hazy IPA.

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Stocks Info

As a NASDAQ listed company, TLRY falls under the Healthcare sector while operating within the Drug Manufacturers – Specialty & Generic industry segment. At the end of the last regular session, the stock closed at $2.95 and fluctuated between $3.0599 as its day high and $2.9000 as its day low. The current market capitalization of Tilray Brands Inc. is $1.88B. A total of 17.26 million shares were traded on the day, compared to an average of 21.61M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for TLRY in the last 3 months, the mean price target is $4.15 with high estimates of $9.00 and low estimates of $2.85. 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

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. Currently, 18 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 14 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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