Tilray Brands (TSE:TLRY) Trading Up 1.5% – Time to Buy?

Tilray Brands, Inc. (TSE:TLRY)’s share price shot up 1.5% during mid-day trading on Wednesday . The stock traded as high as C$10.78 and last traded at C$10.41. 418,587 shares traded hands during mid-day 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

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

Tilray Brands Stock Up 1.5%

The company has a debt-to-equity ratio of 10.76, a current ratio of 2.54 and a quick ratio of 2.16. The stock has a market capitalization of C$1.21 billion, a P/E ratio of -0.44 and a beta of 3.27. The stock’s fifty day moving average is C$12.54 and its two-hundred day moving average is C$15.35.

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.