What's Going On With Tilray Brands Stock Friday?
Portfolio Pulse from Dylan Berman
Tilray Brands, Inc. (NASDAQ:TLRY) shares are trending as the company is set to release its 2024 fiscal year and fourth quarter earnings on Monday. Analysts estimate a loss of 2 cents per share and revenue of $227.07 million. The stock is currently trading at $1.81, close to its 50-day moving average of $1.8 and on the lower end of its 52-week range of $1.6 to $3.4. Recently, Tilray received approval for a medical cannabis extract in Portugal and saw a 6.70% increase in stock price following President Biden's announcement that he is not seeking re-election.
July 26, 2024 | 6:21 pm
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Tilray Brands is set to release its FY2024 Q4 earnings on Monday, with analysts expecting a loss of 2 cents per share and revenue of $227.07 million. The stock is trading at $1.81, close to its 50-day moving average. Recent approval for a medical cannabis extract in Portugal and President Biden's announcement have influenced the stock price.
The upcoming earnings report is a significant event that could influence the stock price. The recent approval in Portugal and the political context add positive sentiment. The stock's current trading position near its 50-day moving average suggests potential volatility.
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