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Tilray (TLRY) stock forecast for 2024
Updated: October 12, 2024 (11:56)
Sector: HealthcareThe share price of Tilray, Inc. (TLRY) now
50/200 Day Moving Average: $1.763 / $1.882
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, Inc. 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 2024. How much will one Tilray share be worth in 2024? Is it worth taking profit / loss on TLRY stock now or waiting? What are analysts' forecasts for Tilray stock?
We forecast Tilray stock performance using neural networks based on historical data on TLRY stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Tilray, Inc. 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 $2.31. Today 200 Day Moving Average is the resistance level (1.882 $). 50 Day Moving Average is the resistance level (1.763 $).
Historical and forecast chart of Tilray, Inc. 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 TLRY stock price can be found in the table below.
Exploring the Future: Tilray (TLRY) Stock Predictions for 2024
As we forecast the potential path of Tilray Brands, Inc. (NASDAQ:TLRY) into 2024, investors and analysts alike tread a line between caution and optimism. The journey of TLRY stocks, especially into the 2024 fiscal year, is fraught with both opportunities and hurdles, reflecting the volatile nature of the cannabis and beverage markets.
Factors Influencing TLRY Stock Predictions
The ability to accurately predict TLRY stocks hinges on several key events and factors. Firstly, the company’s strategic pivot towards the beverage industry, notably through acquisitions from Anheuser-Busch, including prominent names like Shock Top and Breckenridge Brewery, marks a significant shift. These acquisitions, expected to add $250 million in pro-forma sales annually, underscore Tilray’s diversification strategy. However, whether this pivot can sustainably bolster the TLRY stock price prediction remains a pivotal concern.
Moreover, Federal US legalization of cannabis could serve as a major catalyst for Tilray, potentially revolutionizing the company’s stock trajectory. This legislative change, coupled with the company’s performance in managing its increased debt and cash burn, would be crucial to determine if TLRY stock is a buy or sell in 2024.
Despite a revenue increase to $194 million in Q2 and a dominant position in the Canadian cannabis market, Tilray continues to grapple with challenges, including a reported sequential dip in market share and ongoing cash burn issues. These factors underscore the uncertain terrain of Tilray’s growth and profitability journey.
Thus, predicting whether TLRY stock is a buy hinges on the company’s ability to hit aggressive adjusted EBITDA targets, effectively integrate its acquired brands, and possibly benefit from favorable legislative changes. Therefore, the TLRY stock forecast for 2024 is still a speculative undertaking dependent on both internal strategies and outside market factors. Investors considering TLRY stock prediction should weigh these factors carefully, acknowledging the speculative nature of such forecasts.
Tilray (TLRY) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Nov | 1.86 | 1.59 | 2.24 | 29.23 % |
| Dec | 2.27 | 1.93 | 2.80 | 31.12 % |
Tilray information and performance
1100 MAUGHAN ROAD, NANAIMO, BC, CA
Market capitalization of the Tilray, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of TLRY shares in the company outstanding by the market price of one share.
EBITDA of Tilray 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 2024 by month
Target values for the price of one Tilray share for Nov 2024.
In Nov, the Positive dynamics for Tilray, Inc. shares will prevail with possible monthly volatility of 29.226% volatility is expected.
Pessimistic target level: 1.59
Optimistic target level: 2.24
Target values for the price of one Tilray share for Dec 2024.
In Dec, the Positive dynamics for Tilray, Inc. shares will prevail with possible monthly volatility of 31.118% volatility is expected.
Pessimistic target level: 1.93
Optimistic target level: 2.80
