Insiders Could Be Selling Tilray, Inc. (TLRY) For Good

Thanks to a 0.02 sell/buy ratio, Tilray, Inc. (NASDAQ:TLRY) insider buying over the last three months picked up more than selling did. When insiders buy more shares of their company stock, it’s generally for one reason only: With inside knowledge of their company’s prospects, they expect the stock price to rise soon. TLRY recorded 6,500 sales on the open market in the last 12 months when buyers snapped up 340,857 shares.

Castaneda Mark gathered a total of 14.71 thousand shares of Tilray, Inc. (TLRY) at average share price of $17. This insider trade in the company took place on 07/23/2018. The total for the purchase was set at $249.99 thousand. After this transaction, the CFO, Secretary, Treasurer account balance stood at 8.21 thousand shares. The stock grew 464.71 percent since that insider purchase. On 07/23/2018, Kennedy Brendan, President and CEO, purchased 14.71 thousand shares at a price per share of $17. This added 250 thousand shares to the insider’s fortune and the stock saw a 464.71 percent rally in value since the news became public. This transaction left 14.71 thousand shares in the President and CEO account.

On 07/23/2018, Chief Revenue Officer Pastorius Edward Wood Jr performed a purchase transaction worth $249.99 thousand. This purchase at $17 each has added 14.71 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded 464.71 percent increase since the transaction was reported. The insider now is left with 14.71 thousand shares remaining in the account.

The 12-month median price target for Tilray, Inc. (TLRY) assigned by the analysts stands at $120, which represents a return potential of 25 percent when compared to the closing price of the stock of $96 on Friday, January 11. The lowest price target for the stock is $70 — slightly more than -27.08 percent from TLRY’s current share price. The stock will probably climb 32.81 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $200-month high price target. This represents a whopping 108.33 percent increase from where shares are trading today.

On momentum oscillators front, ‘RSI’ has touched 61.59 on daily chart, which may remain a cause for concern. If the price breaks below $81.75 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $103.41 mark may result into a pull-back move towards $110.81 level. The stock is currently hovering around the first support level of $88.88. Below this, the next support is placed in the zone of $81.75. Till the time, the TLRY stock trades above this level, bulls have nothing to fear.

Shares of Tilray, Inc. (TLRY) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry TLRY operates in has an average P/E of 29.45. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 229.08 on the Price-to-Sales ratio. Compare this with the industry average P/S of 19.89. 43.1 percent is the gross profit margin for Tilray, Inc. and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.

On 11th of January, Tilray, Inc. (NASDAQ:TLRY) shares ended higher after a volatile session. The shares accumulated 15.6 points or 19.4 percent at $96 with a heavy trade volume of 10.853 million shares. After opening the session at $92.48, the shares went as high as $103.69 and as low as $89.1601, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $7.49 billion and now has 78.03 million shares outstanding. Tilray, Inc. (TLRY) stock has gained 2.05 percent of market value in 21 trading days.

TLRY stock has a trailing 3-year beta of 0, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.46 a share in the trailing twelve months. The stock’s value has surged 36.09 percent year to date (YTD) against a decline of 0 percent in 12 month’s time. The company’s shares still trade -68 percent away from its 1-year high of $300.00 and 377.61 percent up from 52-week low of $20.10. The average consensus rating on the company is 2.5, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.