Tilray Brands (TSE:TLRY) Shares Up 2.7% – Should You Buy?

Tilray Brands, Inc. (TSE:TLRY)’s share price shot up 2.7% during trading on Wednesday . The stock traded as high as C$7.75 and last traded at C$7.71. 87,345 shares traded hands during trading, a decline of 84% from the average session volume of 563,084 shares. The stock had previously closed at C$7.51.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group set a C$13.00 price target on shares of Tilray Brands and gave the stock a “hold” rating in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$13.30.

Tilray Brands Stock Up 3.5%

The firm’s 50-day moving average price is C$8.66 and its 200 day moving average price is C$11.07. The firm has a market cap of C$929.32 million, a P/E ratio of -0.53 and a beta of 3.24. The company has a quick ratio of 2.16, a current ratio of 2.79 and a debt-to-equity ratio of 20.36.

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.