Tilray (TLRY) Stock Forecast & Price Target

Tilray Brands, Inc. is a pharmaceutical, cannabis-lifestyle, and consumer packaged products firm based in New York City, founded in the United States. Tilray maintains offices in Canada, Australia, New Zealand, and Latin America, as well as growing facilities in Germany and Portugal.

The firm announced a merger with Aphria in December 2020, and it would trade on NASDAQ and the Toronto Stock Exchange under the Tilray name and ticker symbol.

Tilray also owns a number of breweries and is the fifth-largest craft beer firm in the United States.

Tilray, Inc. is a medical cannabis and cannabinoid research, cultivation, manufacturing, and distribution company. The Company’s primary focus is on medicinal cannabis research, production, processing, and global distribution of cannabis products. It sells dry cannabis as well as cannabis extracts. It operates in the following areas: Hemp and cannabis. Adult-use, medicinal, and bulk cannabis sales are made under controlled licenses and sold to retail, wholesale, pharmacy, government, and direct to patients. Hemp seed, hemp edibles, and broad spectrum hemp extract including CBD are sold in an unregulated business and sold to retail, wholesale, and direct to consumers. The firm was established on January 24, 2018, and is based in Nanaimo, Canada.

Prices

Tilray, Inc. ended at $ 2.86 per share, with a total market worth of $ 1.93 billion (44 million shares outstanding). Tilray, Inc. is listed on NASDAQ under the symbol TLRY. Tilray, Inc. has gained -5.46% in the last 24 hours. The stock price prognosis for Tilray, Inc. is now positive.

The gross margin is 23.43%, while the operating and profit margins are -218.27% and -231.64%, respectively. Operating cash flow was $7.91 million in the previous year, with capital expenditures of -$16.50 million, for a free cash flow of -$8.59 million. The firm has $448.53 million in cash and $590.13 million in debt, for a net cash position of -$141.60 million, or -$0.21 per share. Tilray made $627.12 million in revenue and lost $1.45 billion in the previous year. The per-share loss was -$2.35. The most recent short interest is 76.95 million, representing 11.38% of the outstanding shares. In the previous 52 weeks, the stock price has dropped by -25.52%. Tilray’s beta is 2.52, indicating that its price volatility has been more than the market average.

Analysis

Tilray’s stock price (NASDAQ: TLRY) increased 35% in the past week and managed to stay above $2.00. Following the publication of quarterly earnings, TLRY stock saw frantic short covering. 

Tilray’s stock price broke off of the 50-day EMA with heavy volume, giving long-term investors hope. It demonstrates that the short-term trend is reversing and purchasers are attempting to recover. 

The TLRY stock is racing toward the 200-day moving average, which will likely function as an immediate barrier for the bulls. 

Tilray Brands’ shares tumbled 21% in a single day at the end of May, falling below the critical support level of $2.00. After sellers failed to provide the necessary follow-through impetus, prices entered a tight-range consolidation. 

On the Daily Chart:

• The Moving Averages Convergence Divergence (MACD) indicator for Tilray (TLRY) is 0.22, indicating that Tilray is a Sell.
• Tilray (TLRY) has a 20-day exponential moving average of 2.14 and a share price of $2.86, making it a Buy.
• Tilray (TLRY) has a 50-day exponential moving average of 2.02 and a share price of $2.86, making it a Buy.

On the Weekly Chart:

• The Moving Averages Convergence Divergence (MACD) indicator for Tilray (TLRY) is -0.21, indicating that Tilray is a Sell.
• Tilray (TLRY) has a 20-day exponential moving average of 2.22 and a share price of $2.86, making it a Buy.
• Tilray’s (TLRY) 50-day exponential moving average is 3.12, and the stock price is $2.86, indicating a Sell.

Indicators

• The Relative Strength Index (RSI) for Tilray (TLRY) is 58.74, indicating a Neutral signal.
• The Trend Strength Indicator (ADX) for Tilray (TLRY) is 14.87, indicating a Buy signal.
• The Commodity Channel Index (CCI) for Tilray (TLRY) is 96.75, indicating a Neutral signal.
• The Price Rate of Change (ROC) for Tilray (TLRY) is 25.44, indicating a Buy recommendation.

In a weekly time frame, the TLRY stock price produced a bullish Marubozu candle. However, purchasers failed to provide follow-up impetus in the current week. It demonstrates that vendors are becoming more active. 

The MACD curve rises and holds above the zero line. The histogram bar is also rising, indicating that the bulls are getting back on track. The RSI is nearing the overbought zone at 67, which may cause caution for short-term bullish traders.

Prediction

Tilray shares’ value will fall by -2.76% to $ 2.78 per share by August 15, 2023, according to our current TLRY stock projection. Our technical indicators indicate that the current attitude is Neutral, with the Fear & Greed Index reading 39 (Fear). Over the previous 30 days, TLRY stock has had 17/30 (57%) green days and 19.37% price volatility. According to our Tilray stock forecast, it’s now a terrible time to purchase TLRY stock because it’s trading 2.84% higher than we predicted.

Tilray Stock Forecast 2025

Tilray’s stock forecast for 2025 is now $ 3.00, assuming that Tilray shares will continue to increase at the same average annual rate as in the previous ten years. The TLRY stock price would rise by 5.03% as a result.

Tilray Stock Forecast for 2030

If Tilray maintains its current 10-year average growth rate, its shares will be worth $3.39 in 2030. If this Tilray stock forecast for 2030 comes true, TLRY stock will increase by 18.72% from its present price.