Tilray Brands Inc (NASDAQ: TLRY) Trading above Its 20 Day MA ($1.9095), Why Showing An Interesting Price Pattern?

Tilray Brands Inc (NASDAQ:TLRY) does about 33.61M shares in volume on a normal day but saw 19631483 shares change hands in Monday’s trading. The company now has a market cap of 1.60B USD. Its current market price is $1.99, marking an increase of 3.11% compared to the previous close of $1.93. The 52 week high reached by this stock is $3.40 whilst the lowest price level in 52 weeks is $1.50.

Tilray Brands Inc (TLRY) has a 20-day trading average at $1.9095 and the current price is -41.47% off the 52-week high compared with 32.67% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.9896 and its 200-day simple moving average is $2.0996. If we look at the stock’s price movements over the week, volatility stands at 5.83%, which increases to 8.90% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 50.28 to suggest the stock is neutral.

The consensus objective for the share price is $2.37, suggesting that the stock has a potential upside of 16.03% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 05, 2024 when Alliance Global Partners reiterated the stock to “Neutral” and issued a price target of between $2.25 and $2.75. The Benchmark Company downgraded its price target at $3.

Tilray Brands Inc (TLRY) stock is down -2.93% over the week and 9.34% over the past month. Its price is -13.48% year-to-date and -18.11% over the past year.

To reach the target analysts have set, the stock logically needs to grow 16.03 percent from here.

The company has a return on investment of -9.45% and return on equity of -10.41%. The beta has a value of 2.29. Price to book ratio is 0.46 and price to sales ratio is 2.16.