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 were traded 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 target price on shares of Tilray Brands and gave the company a “hold” rating in a research note on Tuesday, January 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Tilray Brands has a consensus rating of “Hold” and a consensus target price of C$13.30.

Tilray Brands Trading Up 3.5%

The company has a market capitalization of C$929.32 million, a price-to-earnings ratio of -0.53 and a beta of 3.24. The firm has a 50-day moving average price of C$8.66 and a 200-day moving average price of C$11.07. The company has a current ratio of 2.79, a quick ratio of 2.16 and a debt-to-equity ratio of 20.36.

About Tilray Brands

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.