Tilray trades in the green for seventh consecutive day
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Tilray Brands (NASDAQ:TLRY) shares traded in the green on Tuesday, making it the seventh consecutive day of gains. The stock closed up 1.05% at $1.93.
TLRY has gained about 14.8% in the last 12 months but YTD, the stock is trailing way behind the broader S&P 500 market which rose 18.06% as compared to TLRY’s loss of 17%.
Looking at Seeking Alpha’s Quant Ratings, this Canada-based company has a Buy rating with a score of 3.55 out of 5.
When it comes to Wall Street analysis, 11 out of 14 analysts recommend a Hold and 3 recommended a Strong Buy.
Seeking Alpha analysts have a Sell rating on the company.
“Tilray’s Q3 report showed slow growth, declining adjusted EBITDA, and a troubled balance sheet with high debt levels. Analysts’ expectations for Tilray’s future revenue and adjusted EBITDA have been decreasing, indicating potential downside risk for investors,” notes SA analyst Alan Brochstein.