TLRY, a player in the cannabis market, is higher by 3.82% Thursday as it outperforms the market as a whole. InvestorsObserver is giving Tilray Inc (TLRY) an Analyst Rating Rank of 13, meaning TLRY is ranked higher by analysts than 13% of stocks. The average price target for TLRY is $6.326 and analyst’s rate the stock as a Buy.
Wall Street analysts are rating TLRY a Buy today. Find out what this means to you and get the rest of the rankings on TLRY!
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Tilray Inc Stock Today?
Tilray Inc (TLRY) stock is trading at $4.22 as of 10:08 AM on Thursday, Aug 11, a gain of $0.16, or 3.82% from the previous closing price of $4.06. The stock has traded between $4.10 and $4.27 so far today. Volume today is less active than usual. So far 4,931,827 shares have traded compared to average volume of 29,261,075 shares.
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