Tilray Inc (NASDAQ:TLRY - Get Free Report) shares traded up 2.7% during trading on Friday . The stock traded as high as $1.69 and last traded at $1.69. 4,426,991 shares changed hands during trading, a decline of 82% from the average session volume of 24,935,902 shares. The stock had previously closed at $1.64.
Wall Street Analyst Weigh In
Separately, Roth Mkm cut their price objective on Tilray from $2.00 to $1.75 and set a "neutral" rating on the stock in a report on Friday, October 11th.
Read Our Latest Analysis on TLRY
Tilray Price Performance
The company has a quick ratio of 1.57, a current ratio of 2.47 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.48 billion, a PE ratio of -6.09 and a beta of 2.13. The business has a 50-day moving average price of $1.69 and a two-hundred day moving average price of $1.79.
Tilray (NASDAQ:TLRY - Get Free Report) last issued its earnings results on Thursday, October 10th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). Tilray had a negative net margin of 26.79% and a negative return on equity of 2.00%. The firm had revenue of $200.00 million for the quarter, compared to analysts' expectations of $218.70 million. During the same quarter last year, the company earned ($0.10) earnings per share. The firm's revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts expect that Tilray Inc will post -0.14 EPS for the current year.
Hedge Funds Weigh In On Tilray
Several large investors have recently bought and sold shares of the business. Vista Capital Partners Inc. acquired a new position in shares of Tilray during the 3rd quarter worth about $42,000. Concurrent Investment Advisors LLC purchased a new stake in Tilray during the third quarter worth approximately $110,000. Vestor Capital LLC acquired a new position in Tilray in the third quarter valued at approximately $53,000. Pallas Capital Advisors LLC increased its stake in Tilray by 58.1% in the third quarter. Pallas Capital Advisors LLC now owns 31,646 shares of the company's stock valued at $52,000 after purchasing an additional 11,632 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Tilray by 22.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 39,819 shares of the company's stock worth $70,000 after purchasing an additional 7,339 shares in the last quarter. Hedge funds and other institutional investors own 9.35% of the company's stock.
About Tilray
(
Get Free Report)
Tilray, Inc engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc is headquartered in Canada.
Featured Articles
Before you consider Tilray, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tilray wasn't on the list.
While Tilray currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
