How to Buy Tilray Brands Stock
Tilray Brands Inc
Tilray Brands, Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally.
Tilray Brands stock last closed at $1.86, up 1.09% from the previous day, and has decreased 49.87% in one year. It has underperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 0.41 percentage points. Tilray Brands stock is currently +24% from its 52-week low of $1.50, and -50% from its 52-week high of $3.72.
As of Dec 7, 2023, there are 730.29M shares of TLRY outstanding. The market capitalization of TLRY is $1.36B. In the last 24 hours, 16.01M TLRY shares were traded.
How to Buy Tilray Brands Stock
Wondering how to invest in Tilray Brands stock? Here's how.
- Choose where to buy Tilray Brands stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you choose where to buy Tilray Brands stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Pick your method of payment and add your details.
- Evaluate Tilray Brands stock: The Tilray Brands ticker symbol is TLRY. Is Tilray Brands stock a good investment? Should you buy shares of TLRY? How do TLRY's underlying business fundamentals look? Do top analysts think Tilray Brands is a good buy? Why has TLRY's stock price moved recently? (Hint: Our stock analysis website can help you decide if TLRY is a good stock to buy).
- Place your TLRY buy order: Decide if you will purchase TLRY shares at the current market price or use a limit order to purchase TLRY shares at a particular price.
- Get the latest scoop on your TLRY investment: Create a watchlist to monitor your investment in Tilray Brands shares.
Step 1: Choose where to buy Tilray Brands stock
You will need an online brokerage account in order to access the NASDAQ market and buy TLRY stock.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best brokerage. Here's why:
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal information so you can buy TLRY stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to create a new trading account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've created your account on investing apps, you can securely and quickly fund your account:
Check out the video below to see the process of depositing money into your brokerage account.
Step 4: Evaluate Tilray Brands stock
After you have selected the best place to buy Tilray Brands stock, it's important to research their stock before you invest, so you actually comprehend the risk as well as the opportunity.
Tilray Brands quick stats
Tilray Brands Due Diligence Checks
WallStreetZen was created to help part-time investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on TLRY's stock page.
Is TLRY stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge TLRY's fair value.
Using relative valuations methods:
- TLRY could be undervalued based on its P/B ratio of 0.4x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 2.03x
You can access additional valuation analysis on TLRY's stock here.
TLRY Financial Health Summary
Signs that TLRY is financially healthy:
- There are more short-term assets than long-term liabilities on the TLRY balance sheet.
- Total TLRY debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the TLRY balance sheet.
- TLRY has a low debt to equity ratio of 0.3.
Signs that TLRY is not financially healthy:
- TLRY's operating cash flow of $38.33M allows it to safely service it's debt of $562.71M.
- TLRY earnings of -$1.44B is not enough to cover its interest payments.
- TLRY profit margin has gone down from -82.9% to -222.9% in the past year.
Is Tilray Brands stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 sell side analysts who track TLRY, the consensus analyst rating on TLRY is a Hold
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Tilray Brands stock forecast page.
TLRY Technical Indicators
TLRY Growth Metrics
Last year, TLRY revenue was $650.86M. Over the past five year, TLRY's revenue has increased by 36.86% per year. This was faster than the Drug Manufacturers - Specialty & Generic industry average of 31.75%.
Dig into TLRY's earnings and revenue performance here.
Are TLRY executives and large shareholders buying or selling the stock?
Over the last 12 months, insiders at TLRY have bought more shares than they have sold.
Denise M. Faltischek, Chief Strategy Officer of TLRY, was the latest TLRY insider to sell. They sold $242,624.47 worth of TLRY shares on Jul 31, 2023.
Get more info about who owns TLRY stock here.
Can I get consistent income from TLRY stock?
No, Tilray Brands doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Place your TLRY buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given price, use a limit order.
Click the Open Trade button and your broker will place your order.
If you want additional help with buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your TLRY investment
Now that you own some TLRY shares, you'll want to keep up with your stock purchase.
Add TLRY to a watchlist to keep tabs on your TLRY stock.
TLRY Feed
How to Buy Stock in Tilray Brands
To reiterate, here are the 6 steps for buying Tilray Brands stock:
- Choose where to buy Tilray Brands stock
- Create a brokerage account
- Deposit funds into your investment account
- Evaluate Tilray Brands stock
- Place your TLRY buy order
- Get the latest scoop on your TLRY investment
If you require a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to monitor your new investment in Tilray Brands, click the button below.
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