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Tilray Stock Was 12.62% Up On Thursday

ViaNews Editorial Team

August 31, 2023

Tilray Stock Was 12.62% Up On Thursday

(VIANEWS) - The NASDAQ ended the session with Tilray rising 12.62% to $3.00 on Thursday, after four successive sessions in a row of gains. NASDAQ jumped 0.11% to $14,034.97, after four successive sessions in a row of gains, on what was a somewhat positive trend trading session today.

Tilray's last close was $2.66, 48.05% under its 52-week high of $5.12.

About Tilray

Tilray Brands, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. The company operates through four segments: Cannabis Business, Distribution Business, Beverage Alcohol Business, and Wellness Business. It also offers medical and adult-use cannabis products; purchases and resells pharmaceutical and wellness products; and produces, markets, sells, and distributes beverage alcohol products, and hemp-based food and other wellness products. In addition, the company offers its products under the Tilray, Aphria, Broken Coast, Symbios, B!NGO, The Batch, Dubon, Good Supply, Solei, Chowie Wowie, Canaca, RIFF, SweetWater, Breckenridge Distillery, Alpine Beer Company, and Green Flash brands. It sells its products to retailers, wholesalers, patients, physicians, hospitals, pharmacies, researchers, and governments, as well as direct to consumers. The company was formerly known as Tilray, Inc. and changed its name to Tilray Brands, Inc. in January 2022. Tilray Brands, Inc. is headquartered in Leamington, Canada.

Earnings Per Share

As for profitability, Tilray has a trailing twelve months EPS of $-2.41.

The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is negative -37.14%.

Earnings Before Interest, Taxes, Depreciation, and Amortization

Tilray's EBITDA is 2.85.

Volume

Today's last reported volume for Tilray is 33079600 which is 37.18% above its average volume of 24112300.

Sales Growth

Tilray's sales growth for the current quarter is 13.2%.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Tilray's stock is considered to be oversold (<=20).

More news about Tilray (TLRY).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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