What technical indicators reveal about TLRY stock

While Tilray Brands Inc has underperformed by -6.93%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TLRY fell by -17.62%, with highs and lows ranging from $3.40 to $1.50, whereas the simple moving average jumped by 6.00% in the last 200 days.

On November 02, 2022, Bernstein started tracking Tilray Brands Inc (NASDAQ: TLRY) recommending Mkt Perform. A report published by The Benchmark Company on July 29, 2022, Downgraded its rating to ‘Sell’ for TLRY. Canaccord Genuity also Upgraded TLRY shares as ‘Buy’, setting a target price of $9 on the company’s shares in a report dated March 04, 2022. Barclays Initiated an Underweight rating on November 18, 2021, and assigned a price target of $10. Cantor Fitzgerald November 01, 2021d its ‘Overweight’ rating to ‘Neutral’ for TLRY, as published in its report on November 01, 2021. CIBC’s report from June 11, 2021 suggests a price prediction of $25 for TLRY shares, giving the stock a ‘Neutral’ rating. Cantor Fitzgerald also rated the stock as ‘Overweight’.

Analysis of Tilray Brands Inc (TLRY)

Further, the quarter-over-quarter increase in sales is 34.44%, showing a positive trend in the upcoming months.

Tilray Brands Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -36.49% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.99, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

For any stock, average volume can be an extremely valuable indicator of volatility, and TLRY is registering an average volume of 23.95M. On a monthly basis, the volatility of the stock is set at 6.62%, whereas on a weekly basis, it is put at 11.27%, with a gain of 11.98% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.54, showing growth from the present price of $2.15, which can serve as yet another indication of whether TLRY is worth investing in or should be passed over.

How Do You Analyze Tilray Brands Inc Shares?

Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.34%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 10.03% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

TLRY shares are owned by institutional investors to the tune of 10.03% at present.

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