Tilray Brands, Inc. (TLRY) is experiencing a decline today, partly due to a recent downgrade in earnings expectations. Analysts at Atb Cap Markets have revised their FY2028 earnings per share estimates for Tilray, reducing them from $0.06 to $0.01. This adjustment reflects a more cautious outlook on the company's future profitability, which may be contributing to the negative sentiment around the stock. Additionally, Roth Mkm had previously lowered their price target for Tilray from $2.00 to $1.75, maintaining a "neutral" rating, which could also be influencing investor sentiment.
On the retail front, discussions on Reddit highlight a mix of skepticism and hope among investors. Some users express doubt about the potential for significant regulatory changes in the cannabis sector before the Biden administration ends, with one user stating, "Won't happen, all hype and Chinese whispers I'd say." Others remain optimistic about the long-term prospects, suggesting that the current market conditions might present a buying opportunity once the bottom is reached.
Tilray's stock is currently trading at $1.18, down 5.13% from the previous close of $1.24. The stock has seen a high of $1.25 and a low of $1.17 today, with a trading volume of 22,774,507 shares, which is 81.77% of its average volume.