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 $0.49, up 2.73% from the previous day, and has decreased 72.32% in one year. It has underperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 0.13 percentage points. Tilray Brands stock is currently +13.95% from its 52-week low of $0.43, and -79.06% from its 52-week high of $2.34.
There are currently 1.01B TLRY shares outstanding. The market capitalization of TLRY is $493.18M. In the last 24 hours, 28.01M 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 sifted through dozens of online stock brokerages and apps to help you decide where to buy Tilray Brands stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your payment method and add your information.
- 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 research tools can help you figure out 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 buy TLRY shares at a specific price.
- Get the latest scoop on your TLRY investment: Create a watchlist to get the latest news on your position in Tilray Brands shares.
Step 1: Choose where to buy Tilray Brands stock
You will need an online brokerage account to access the NASDAQ market and buy TLRY shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal information so you can invest in TLRY today.
How to Start 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 open a new brokerage account.
- Send your information by hitting 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 one of the most highly reviewed stock apps, your next step is to transfer the money for your investment:
Watch the walkthrough below to see the process of depositing money into your new investment account.
Step 4: Evaluate Tilray Brands stock
After you have identified the best place to buy Tilray Brands stock, it's important to research their stock prior to buying, so you actually comprehend the risk as well as the upside.
Tilray Brands shares quick numbers
TLRY Fundamentals
WallStreetZen was built to help everyday investors do better fundamental analysis in less time.
You can view all of the due diligence checks on TLRY's stock page.
Is TLRY stock undervalued or overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge TLRY's fair value.
Using relative valuations metrics:
- TLRY could be undervalued based on its P/B ratio of 0.18x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 2.09x
You can access additional valuation analysis on TLRY's stock here.
TLRY Financial Health Overview
Signs that TLRY is financially healthy:
- Total TLRY debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the TLRY balance sheet.
- There are more short-term assets than short-term liabilities on the TLRY balance sheet.
- TLRY has a low debt to equity ratio of 0.26.
- TLRY has cash burn of 79205000. It has enough cash and short-term investments to cover this for at least one year.
- TLRY has $248.41M in cash and short term investments. This is sufficient to cover its annual cash burn of $79.21M.
Signs that TLRY is not financially healthy:
- TLRY profit margin has gone down from -49% to -114.9% in the past year.
Do analysts think it's a good time to buy Tilray Brands stock
Out of 1 Wall Street analysts who monitor TLRY, the consensus analyst rating on TLRY is a Hold
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Tilray Brands stock forecast page.
TLRY Trading Indicators
Is TLRY Growing Revenue?
Last year, TLRY revenue was $826.66M. In the last five year, TLRY's revenue has grown by 33.35% per year. This was faster than the Drug Manufacturers - Specialty & Generic industry average of 7.88%.
Find out more about TLRY's earnings and revenue performance here.
Latest Insiders Trades at TLRY
Over the past 12 months, executives and large shareholders at TLRY have bought more shares than they have sold.
Carl A. Merton, Chief Financial Officer of TLRY, was the latest TLRY insider to buy. They bought $35,360.00 worth of TLRY stock on Nov 15, 2024.
Research more about who owns TLRY shares here.
Does TLRY provide a stable income stream?
No, Tilray Brands doesn't provide an income stream by paying out dividends.
What do other investors have to say about TLRY?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your TLRY buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly 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 sure you're buying or selling at an exact price, use a limit order.
Click the Open Trade button and eToro will execute the order.
If you want additional assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your TLRY investment
Now that you own some TLRY stock, you'll want to keep up with your new company.
Create a watchlist to see the latest developments about your TLRY stock.
TLRY Feed
How to Buy Stock in Tilray Brands
To reiterate, here are the 6 steps to buy 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 are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to watch your new investment in Tilray Brands, add TLRY to your watchlist below.
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