Tilray stock: buy or sell?

TLRY stock price: $29.01 -10.30% At close on August 22nd, 2019

Updated on:
August 22nd, 2019

1

After boosting a dazzling 9.40% yesterday, Tilray closed today at $29.01 and plummed a chilling -10.30%.

Should I buy Tilray stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Having a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Tilray stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean TLRY will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Tilray stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 13 ratings published for TLRY stock in the last 30 days.

Is TLRY a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-14Stifel Nicolausn/aHold
2019-8-14Northland Securitiesn/aHold
2019-8-14BenchmarkBuyBuy
2019-7-17LADENBURG THALM/SH SHn/aNeutral
2019-6-28Consumer Edgen/aOverweight
2019-6-17Compass PointNeutralSell
2019-5-3Jefferies Financial GroupUnderperformHold
2019-5-15Piper Jaffray Companiesn/aOverweight
2019-3-8Jefferies Financial Groupn/aSell
2019-3-19Piper Jaffray Companiesn/aBuy
2019-3-19Jefferies Financial Groupn/aSell
2019-2-21Seaport Global Securitiesn/aNeutral
2019-1-9Piper Jaffray Companiesn/aOverweight

Tilray stock analysis

Daily outlook

After boosting a dazzling 9.40% yesterday, Tilray closed today at $29.01 and plummed a chilling -10.30%.

After boosting a dazzling 9.40% yesterday, Tilray closed today at $29.01 and plummed a chilling -10.30%.

TLRY stock chart (daily)

Weekly outlook

Shares of Tilray ended this week at $29.01 and collapsed a scary -7.35%. For 3 weeks in a row, price slid and lost a -33.81%.

Since mid December 2018, when TLRY stock price broke down the 20-weeks moving avarage line, it slid $-71.24 per share (-71.06%). Far behind is the all-time high Tilray marked by mid September 2018 and since then the price is -90.33% below that top.

TLRY stock chart (weekly)

Tilray stock price history

Tilray IPO was on July 19th, 2018 at $23.05 per share1. Since then, TLRY stock surged a 25.90%, with an average of 25.90% per year. If you had invested right after TLRY's IPO a $1,000 in Tilray stock in 2018, it would worth $259.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Tilray stock historical price chart

TLRY stock reached all-time highs on September with a price of $300.00.

Tilray stock price target is $70.30

Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 7 price forecasts for TLRY stock:
TLRY stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-14BenchmarkLowers Target$200.00$80.00-60%
2019-6-17Compass PointLowers Target$41.00$38.00-7.3%
2019-5-15Piper Jaffray CompaniesLowers Target$84.00$72.00-14.3%
2019-3-8Jefferies Financial GroupInitiatesn/a$61.00-
2019-3-19Piper Jaffray CompaniesSet Price Targetn/a$90.00-
2019-3-19Jefferies Financial GroupSet Price Targetn/a$61.00-
2019-1-9Piper Jaffray CompaniesInitiatesn/a$90.00-
(in average)$108.30$70.30-35.0%
Moving in a range from $90.00 and $38.00, the price prediction for TLRY stock is $70.30. In average, analysts' outlook on TLRY price target is negative, downsizing the target by a -35.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On March, Tilray presented its financial report, posting an exceptional growth for the Earnings per Share (EPS) ratio. Experts expected $-0.14 per share, but Tilray posted $-0.33.
TLRY earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
0000-Q1-n/an/an/a
0000-Q2-n/an/an/a
2017-Q1-n/an/an/a
2017-Q4-n/an/an/a
2018-Q1-n/an/an/a
2018-Q22018-08-28-0.09-0.17n/a
2018-Q32018-11-13-0.26-0.2n/a
2018-Q42019-03-18-0.14-0.33n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Tilray annual revenues climbed an extraordinary 110.00% to $43.13 million dollars from $20.54 marked in 2017. By contrast, its earnings margin (compared to sales) plummed to -157.02%, that is $-67.72 million.

TLRY annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2016$13 M-$-7.88 M-62.3%-
2017$21 M62.43%$-7.81 M-38.0%-0.94%
2018$43 M110.00%$-67.72 M-157.0%767.24%

Quarterly financial results

Tilray posted $15.53 million in revenues for 2018-Q4, a 54.58% improvement compared to previous quarter. Reported quarter earnings marked $-31.01 million with a profit margin of -199.66%. Profit margin collapsed a -13.54% compared to previous quarter when profit margin was -186.12%. When comparing revenues to same quarter last year, Tilray sales marked an outstanding increase and rocketed a 203.76%. Looking back to recent quarterly results, Tilray posted 6 negative quarters in a row.
TLRY quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$5 M-$-0.68 M-13.5%-
2017-Q4$5 M1.71%$-2.91 M-56.9%328.42%
2018-Q1$8 M52.71%$-5.18 M-66.4%78.10%
2018-Q2$10 M24.80%$-12.83 M-131.7%147.69%
2018-Q3$10 M3.11%$-18.70 M-186.1%45.71%
2018-Q4$16 M54.58%$-31.01 M-199.7%65.83%

Tilray ownership

When you are planning to buy a stock, it's always worth to review its ownership structure.

Tilray shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.26% of all shares.

In case of Tilray stock, 10.10% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for TLRY stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related stocks:

TLRY
Market cap$2.2 B
Total shares75.1 M
Float shares14.0 M
  - Institutional holdings (%)10.1%
  - Insider holdings (%)0.3%
Shares in short selling0.0%

Tilray summary

Thursday, August 22nd, 2019
Open$31.53
Close$29.01
Day range$29.00 - $32.17
Previous close$32.34
Session gain-10.30%
Average true range$3.22
50d mov avg$42.47
100d mov avg$45.29
200d mov avg$64.53
Daily pattern
Weekly pattern lt11c

Tilray performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We picked as the bechmarking frame for Tilray stock.
Stock3m6m12m
TLRYTilray-33.89%-63.31%-33.86%

Tilray competitors

Unfortunately, we could not find any public company that could be defined as Tilray competitor. This doesn't mean Tilray does not have any competitor in the market, it's just we could not detected it.

    Latest Tilray stock news