Tilray Brands, Inc.’s (NASDAQ:TLRY) Share Price Boosted 29% But Its Business Prospects Need A Lift Too
Tilray Brands, Inc. (NASDAQ:TLRY) shares have continued their recent momentum with a 29% gain in the last month alone. But the gains over the last month weren’t enough to make shareholders whole, as the share price is still down 5.3% in the last twelve months.
Although its price has surged higher, Tilray Brands may still be sending very bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 2.2x, since almost half of all companies in the Pharmaceuticals industry in the United States have P/S ratios greater than 4.4x and even P/S higher than 18x are not unusual. However, the P/S might be quite low for a reason and it requires further investigation to determine if it’s justified.
