Tilray Brands, Inc. is experiencing a decline in its stock price today, which may be attributed to the market's reaction to the company's upcoming fiscal Q2 earnings report. Analysts have expressed concerns about Tilray's financial performance, highlighting the company's history of missing earnings estimates and the ongoing issue of share dilution due to acquisitions and cash burn. The anticipated earnings report, scheduled for January 10, 2025, is expected to show revenue growth but lacks clarity on organic sales, which could be contributing to investor apprehension.
On Reddit, discussions reflect a mix of skepticism and cautious optimism. Some users are critical of Tilray's financial health, with one stating, "WTF you talking about? it missed the last 5 earnings, and another one is coming up in 3 days, why you wanna trap ppl in this garbage?" Others, however, see potential in the stock, noting its undervaluation and the possibility of a short squeeze. A user commented, "Despite not being profitable, it's hard not to be bullish on this stock tbh, especially when it's objectively undervalued."
Tilray Brands, Inc. (TLRY) is currently trading at $1.40, down 3.79% from the previous close of $1.45. The stock opened at $1.43 and has fluctuated between a high of $1.44 and a low of $1.39 in early trading. Despite being just 30 minutes into the trading day, the volume is relatively low at 4,876,738 shares, representing only 15.38% of the average daily volume of 31,700,961 shares.