3 Stocks Under $5 You Should Buy Now: June 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 14 2024
0mins
Source: Business Insider
- Stocks under $5: Typically considered risky due to financial woes, but some like Advanced Micro Devices have rebounded.
- Grab Holdings (GRAB): Singapore-based company showing growth potential with increased profit outlook and AI integration.
- Iamgold (IAG): Gold miner expecting production rise, especially from the Cote gold mine in Ontario.
- Tilray Brands (TLRY): Marijuana company facing challenges but has strong prospects with legalization efforts in Germany and the U.S.
- Penny Stocks Warning: InvestorPlace does not publish commentary on low-volume stocks due to risks associated with them.
Analyst Views on TLRY
Wall Street analysts forecast TLRY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TLRY is 9.57 USD with a low forecast of 8.50 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 9.130
Low
8.50
Averages
9.57
High
10.00
Current: 9.130
Low
8.50
Averages
9.57
High
10.00
About TLRY
Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis operations, Distribution business, Beverage alcohol business and Wellness business. The Cannabis operations, which encompasses the production, distribution, sale, co-manufacturing and advisory services of both medical and adult-use cannabis. The Beverage alcohol operations, which encompasses the production, marketing and sale of beverage alcohol products. The Distribution operations, which encompasses the purchase and resale of pharmaceuticals products to customers. The Wellness products, which encompasses hemp foods and cannabidiol (CBD) products. The Company offers a portfolio of adult-use brands and products and expands its portfolio to include new cannabis products and formats. Its brands include Good Supply, RIFF, Broken Coast, Solei, Canaca, HEXO, Redecan, Original Stash, Hop Valley, Revolver, Bake Sale, XMG, Mollo, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
