Tilray Inc's stock has seen a significant decline recently, with a notable drop in performance over the week.
This week, Tilray Inc (TLRY.TO) closed at C$5.56, down 2.97% for the day and 10.75% over the past week. The stock's performance has raised questions among investors, especially given the backdrop of recent company developments.
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Tilray Inc
TLRY.TO
TLRY.TO
Tilray Inc
WealthAwesomeMarket cap
$764.95M
52W high
$32.30
52W low
$5.19
1W change
-10.75%
Beta
1.92
Analyst Price Targets
Based on analyst covering TLRY
Wall Street analysts forecast TLRY stock price to rise 35.9% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$7.55
+35.9% Upside
Current Price
C$5.56
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TLRY's historical volatility
30-Day Vol
56.3%
Annualized
90-Day Vol
42.7%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$4.65
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$5.24 | C$4.31 โ C$6.36 |
| 60 trading days | C$4.94 | C$3.75 โ C$6.50 |
| 90 trading days | C$4.65 | C$3.32 โ C$6.51 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Despite a challenging performance, Tilray's strategic acquisitions and revenue growth indicate potential for recovery in the long term. Investors should keep an eye on the company's upcoming financial results and market developments.
Tilray Inc's stock down 58.35% YTD; recent acquisitions may signal a turnaround.
With a market cap of approximately C$765 million and a profit margin of -13.3%, Tilray's financial performance highlights both challenges and opportunities for growth in the health care sector.
Bull case
Tilray has shown some operational efficiencies and revenue growth, suggesting a potentially positive outlook. The recent acquisition of HelloMD Corporation could strengthen its market position and improve patient access in the medical cannabis sector.
Bear case
The stock's significant decline in value year-to-date (down 58.35%) raises concerns about its volatility and overall market confidence. The negative profit margin and return on equity metrics may deter risk-averse investors.
Recent Price Action
Tilray Inc's stock closed at C$5.56, reflecting a 2.97% decrease on the day and a 10.75% decline over the past week. The stock has struggled significantly this year, with a year-to-date drop of 58.35%. This performance places the stock near the lower end of its 52-week range of C$5.19 to C$32.30.
Company Developments
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Although there was no major news this week directly impacting Tilray's stock, recent headlines indicate that the company is strengthening its global medical cannabis platform through the acquisition of HelloMD Corporation. This move aims to enhance Tilray's direct-to-patient capabilities and create a fully integrated medical cannabis framework in Canada.
Technical Picture
From a technical standpoint, Tilray's current price is below both its 50-day moving average of C$6.19 and its 200-day moving average of C$8.73, indicating a bearish trend. The stock is currently trading at approximately 1% of its 52-week range, which could suggest limited upside potential in the short term. Its beta of 1.92 indicates higher volatility compared to the market.
Volume Analysis
The latest trading volume for Tilray was 471,589 shares, slightly below the 20-day average volume of 535,321 shares. This volume indicates lower trading activity, which may reflect investor caution amid the stock's recent performance.
Price Action Summary
Tilray Inc closed at C$5.56, down 2.97% for the day. The stock's overall performance raises questions about its future direction, particularly with upcoming financial results on the horizon.
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