Tilray Brands Inc (NASDAQ: TLRY) Recovers 3.59% From 52-Week Low, Is TLRY Still A High-Risk, High-Reward Play?

Tilray Brands Inc (NASDAQ:TLRY) currently has a daily average trading volume of 25.54M but it saw 50533340 shares traded in last market. With a market cap of 393.09M USD, the company’s current market price of $0.38 came falling about -0.23 while comparing to the previous closing price of $0.38. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.15 and as low as $0.37. In the recent trading on the day, stock has struck highest price mark of $0.3725 while lowest mark touched by it was $0.3897.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Alliance Global Partners which reiterated the stock as “Neutral” in its note to investors issued on April 05, 2024, recommending a price target of between $2.25 and $2.75 for it. The Benchmark Company issued its recommendations for the stock as it downgraded the price target for the stock is $3.

Over the week, TLRY’s stock price is moving -9.98% down while it is -15.40% when we observe its performance for the past one month. Year-to-date it is -71.18% down and over the past year, the stock is showing a downside performance of -77.45%.

Currently, Tilray Brands Inc’s total number of outstanding shares is 1.03B. Company’s return on investment (ROI) stands at -31.07% and return on equity (ROE) at -31.06%. Stock’s beta reads 1.85. Stock has a price to book (P/B) ratio of 0.14 while price to sale or P/S ratio amounts to 0.48. Its return on asset (ROA) is -24.83% on average.

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