Tilray Brands (TSE:TLRY) Shares Up 1.5% – What’s Next?

Tilray Brands, Inc. (TSE:TLRY)’s stock price traded up 1.5% during trading on Wednesday . The stock traded as high as C$10.78 and last traded at C$10.41. 418,587 shares changed hands during trading, a decline of 14% from the average session volume of 484,260 shares. The stock had previously closed at C$10.26.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TLRY shares. Canaccord Genuity Group set a C$13.00 price objective on Tilray Brands and gave the company a “hold” rating in a research report on Tuesday, January 27th. Sanford C. Bernstein raised their target price on Tilray Brands from C$13.00 to C$13.60 in a research note on Friday, December 19th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$13.30.

Tilray Brands Stock Performance

The company has a market cap of C$1.21 billion, a P/E ratio of -0.44 and a beta of 3.27. The company has a 50 day moving average price of C$12.54 and a 200-day moving average price of C$15.35. The company has a quick ratio of 2.16, a current ratio of 2.54 and a debt-to-equity ratio of 10.76.

Tilray Brands Company Profile

Tilray Brands, Inc (‘Tilray’) (Nasdaq: TLRY; TSX: TLRY), is a global lifestyle and consumer packaged goods company at the forefront of beverage, cannabis and wellness industries with operations in Canada, the United States, Europe, Australia, and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment, elevating lives through moments of connection. Tilray’s mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy, wellness and create memorable experiences.