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Tilray, Inc.
TLRY Details
Tilray, Inc. (NASDAQ: TLRY) is a significant cannabis lifestyle and consumer packaged goods company operating in Canada, the United States, Europe, Australia, and Latin America. Its headquarters are in Leamington and New York. The majority of its revenue comes from Canada and the worldwide medicinal cannabis export industry. CBD products from Manitoba Harvest and beer from SweetWater are the only items available in the United States.
Latest News:
Q1FY22 Results:
Key Risks:
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
TLRY Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
TLRY's share price has fallen 69.25% in the past nine months and made a new 52 week low today. The stock is currently trading below its 50 and 200 DMA levels, and its RSI Index is at 27.57, indicating an oversold zone. We have valued the stock using the EV/Sales-based relative valuation methodology and arrived at a target price of USD 9.00.
Considering the significant correction in the stock price in the past nine months, recent acquisitions, new product launches, current valuation, and associated risks, we recommend a "Speculative Buy" rating on the stock at the current price of USD 7.34, down 8.02% as of December 20, 2021, 1:29 PM ET.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.
*Depending upon the risk tolerance, investors may consider unwinding their positions in a respective stock once the estimated target price is reached.