Tilray Inc (TLRY) Stock Forecast & Predictions

Tilray Inc - Class 2 TLRY: $11.67

1100 Maughan Rd, Nanaimo, British Columbia, Canada. | Sector: Manufacturing | Exchange: NASDAQ | Web: www.tilray.com

  • Market Cap$5.24B
  • Change (52 Weeks)143.63%
  • Low (52 Weeks)$4.71
  • Tilray Inc (TLRY) Forecast Based on Technical Analysis


    Neutral
    Based on 15 Technical Indicators where 13.33% are on Buy, 33.33% on Sell, and 53.33% Neutral.

    According to the market data, Tilray Inc (TLRY) stock price is $11.67 and the 52 weeks low is $4.71, which means the Tilray Inc stock price is up 143.63% in the last 12 months.

    Tilray Inc (TLRY) Stock Price has been Trending Strongly with an ADX reading of 34.97 as per the Weekly Chart.

    A Upward trend indicates that Tilray Inc (TLRY) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 15 technical indicators, 13.33% are indicating that TLRY Stock price might rise further, 33.33% indicating that TLRY Stock price might fall, and 53.33% are in a neutral position.

    Based on these technical algorithms, overall TLRY stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Tilray Inc (TLRY) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Tilray Inc (TLRY) is based on 27 Institutional Analyst Ratings where 22.22% are on Strong Buy, 14.81% on Moderate Buy, 55.56% remains on Hold, 0.00% are on Moderate Sell and 7.41% are on Strong Sell.

    Out of 27 Institutional Analysts, majority recommended TLRY stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Tilray Inc.

    Tilray Inc (TLRY) Stock Price Prediction By Analysts


    HighLowAverage
    $28.35$1.28$16.90
    $16.9044.82% Upside
    Updated: 2021-09-19 00:00:00

    The Average Price target for TLRY set by the institutional analysts is $16.90 where High Estimate is $28.35, Median $16.830000000000002 and Low $1.28.

    The average price target for TLRY by Institutional Analysts is $16.90, which is 44.82% Upside from the current price. So according to the Institutional Analysts, TLRY Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Tilray Inc (TLRY) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Cantor FitzgeraldOverweightMaintained
    Cantor FitzgeraldOverweightMaintained
    CIBCNeutralDowngraded
    JefferiesBuyUpgraded
    Canaccord GenuityBuyInitiated
    Piper SandlerNeutralDowngraded
    BenchmarkHoldDowngraded
    Cantor FitzgeraldNeutralMaintained
    Cantor FitzgeraldNeutralMaintained
    StifelHoldUpgraded
    JefferiesUnderperformDowngraded
    StifelSellDowngraded
    Cantor FitzgeraldNeutralMaintained
    JefferiesHoldUpgraded
    Cantor FitzgeraldNeutralMaintained
    StifelHoldMaintained
    Cantor FitzgeraldNeutralMaintained
    Cantor FitzgeraldNeutralMaintained
    JefferiesUnderperformDowngraded
    Cantor FitzgeraldNeutralMaintained
    Eight CapitalNeutralDowngraded
    Cantor FitzgeraldNeutralMaintained
    Cantor FitzgeraldNeutralMaintained
    B of A SecuritiesNeutralReiterated
    Cowen & Co.Market PerformDowngraded
    B of A SecuritiesNeutralInitiated
    MKM PartnersNeutralMaintained
    Cantor FitzgeraldNeutralInitiated
    Piper JaffrayOverweightMaintained
    MKM PartnersNeutralInitiated
    Ladenburg ThalmannNeutralInitiated
    Consumer Edge ResearchOverweightInitiated
    Compass PointNeutralInitiated
    Stifel NicolausHoldInitiated
    OppenheimerPerformInitiated
    BMO CapitalMarket PerformUpgraded
    Alliance Global PartnersHoldInitiated
    JefferiesHoldUpgraded
    Vertical ResearchSellInitiated
    JefferiesUnderperformInitiated
    Seaport GlobalNeutralInitiated
    PiperJaffrayOverweightInitiated
    BenchmarkBuyInitiated
    Cowen & Co.OutperformMaintained
    Northland SecuritiesMarket PerformDowngraded
    Roth CapitalBuyInitiated
    Cowen & Co.OutperformInitiated

    Tilray Inc (TLRY) Stock Earning Per Share (EPS) Forecast / Estimate


    $-0.058
    The average consensus EPS for TLRY is $-0.058 with a high estimate of $-0.032 and Low of $-0.078 for the period 2021-12-31 and based on 12 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $$-0.07479662022-03-31


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$2021-09-30
    $$-0.07479662022-03-31
    $0.27$-0.1109252021-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).