Tilray (TLRY) stock forecast for 2023
Last update: March 27, 2023 (06:13)
Sector: HealthcareThe share price of Tilray, Inc. (TLRY) now
50/200 Day Moving Average: $2.88 / $3.317
This figure corresponds to the Average Price over the previous 50/200 days. For Tilray stocks, the 50-day moving average is the resistance level today.
For Tilray stocks, the 200-day moving average is the resistance level today.
Are you interested in Tilray stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Tilray stock price in 2023. How much will one Tilray share be worth in 2023? Is it worth taking profit / loss on Tilray stock now or waiting? What are analysts' forecasts for Tilray stock?
We forecast Tilray stock performance using neural networks based on historical data on Tilray stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. The Tilray stock prediction results are shown below and presented as a graph, table and text information.
Tilray stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Tilray analysts is $4.4.
Today 200 Day Moving Average is the resistance level (3.317 $).
50 Day Moving Average is the resistance level (2.88 $).
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Historical and forecast chart of Tilray stock
The chart below shows the historical price of Tilray stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Tilray stock price can be found in the table below.
Tilray (TLRY) Forecast for 2023
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Apr | 2.64 | 2.38 | 3.18 | 25.10 % |
| May | 3.32 | 2.56 | 3.58 | 28.66 % |
| Jun | 3.20 | 2.70 | 3.72 | 27.37 % |
| Jul | 2.49 | 2.00 | 2.95 | 32.21 % |
| Aug | 2.69 | 2.27 | 3.20 | 29.02 % |
| Sep | 3.50 | 3.28 | 4.10 | 19.98 % |
| Oct | 3.55 | 3.24 | 3.81 | 15.07 % |
| Nov | 3.25 | 2.60 | 3.79 | 31.34 % |
| Dec | 2.95 | 2.67 | 3.31 | 19.23 % |
Tilray information and performance
Tilray’s headquarters and main manufacturing facilities are located in Nanaimo, British Columbia, Canada. In 2018, the company completed a successful collection of medical cannabis at the company campus in Portugal.
The R&D Center in Nanaimo covers an area of 18,300 square meters. In 2018, the total number of kilogram equivalents sold more than doubled to 6,478 kilograms from 3,024 kilograms in 2017.
76% of Tilray is owned by Privateer Holdings, an American private equity firm that invests in the legal cannabis industry.
The company’s shares have seen a dizzying rise since their public offering (IPO) on NASDAQ in July 2018 at a price of $ 17 per share, with a peak price of $ 234 on September 19. However, at the end of 2018, their growth declined and as of March 29, 2019, the price was $ 65 per share.
Tilray is ranked second by market capitalization among the leading companies in the industry, after Canopy Growth (CGC). Among the main competitors of the company are also Aurora Cannabis (ACB), Cronos Group (CRON).
In its short history as a public company, Tilray has achieved a lot. In 2018, the company made a number of acquisitions and signed a number of partnerships to expand its cannabis production, marketing and research activities.
1100 MAUGHAN ROAD, NANAIMO, BC, CA
Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.
EBITDA is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Tilray price target for 2023 by month
Target values for the price of one Tilray share for Apr 2023.
In Apr, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 25.103% volatility is expected.
Pessimistic target level: 2.38
Optimistic target level: 3.18
Target values for the price of one Tilray share for May 2023.
In May, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 28.664% volatility is expected.
Pessimistic target level: 2.56
Optimistic target level: 3.58
Target values for the price of one Tilray share for Jun 2023.
In Jun, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 27.367% volatility is expected.
Pessimistic target level: 2.70
Optimistic target level: 3.72
Target values for the price of one Tilray share for Jul 2023.
In Jul, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 32.206% volatility is expected.
Pessimistic target level: 2.00
Optimistic target level: 2.95
Target values for the price of one Tilray share for Aug 2023.
In Aug, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 29.016% volatility is expected.
Pessimistic target level: 2.27
Optimistic target level: 3.20
Target values for the price of one Tilray share for Sep 2023.
In Sep, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 19.983% volatility is expected.
Pessimistic target level: 3.28
Optimistic target level: 4.10
Target values for the price of one Tilray share for Oct 2023.
In Oct, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 15.070% volatility is expected.
Pessimistic target level: 3.24
Optimistic target level: 3.81
Target values for the price of one Tilray share for Nov 2023.
In Nov, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 31.336% volatility is expected.
Pessimistic target level: 2.60
Optimistic target level: 3.79
Target values for the price of one Tilray share for Dec 2023.
In Dec, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 19.234% volatility is expected.
Pessimistic target level: 2.67
Optimistic target level: 3.31