TLRY Stock Summary and Trading Ideas (Tilray Brands | NASDAQ:TLRY)

Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. US exposure consists of CBD products and alcohol.

Tilray Brands trades on the NASDAQ stock market under the symbol TLRY.

As of November 14, 2024, TLRY stock price declined to $1.39 with 9,841,561 million shares trading.

TLRY has a beta of 1.18, meaning it tends to be more sensitive to market movements. TLRY has a correlation of 0.05 to the broad based SPY ETF.

TLRY has a market cap of $1.26 billion. This is considered a Small Cap stock.

Last quarter Tilray Brands reported $200 million in Revenue and -$.01 earnings per share. This fell short of revenue expectation by $-19 million and exceeded earnings estimates by $.03.

In the last 3 years, TLRY traded as high as $13.95 and as low as $1.36.

The top ETF exchange traded funds that TLRY belongs to (by Net Assets): MJ, VHT, CNBS, VT, YOLO.

TLRY has underperformed the market in the last year with a price return of -17.3% while the SPY ETF gained +37.0%. TLRY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -25.5% and -17.8%, respectively, while the SPY returned +10.3% and +2.8%, respectively.

TLRY support price is $1.38 and resistance is $1.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TLRY shares will trade within this expected range on the day.