Tilray Inc Stock Shares Outstanding

TLRY Stock  CAD 1.71  0.02  1.16%   
Tilray Inc fundamentals help investors to digest information that contributes to Tilray's financial success or failures. It also enables traders to predict the movement of Tilray Stock. The fundamental analysis module provides a way to measure Tilray's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Tilray stock.
As of the 16th of December 2024, Common Stock Shares Outstanding is likely to grow to about 779.8 M.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Tilray Inc Company Shares Outstanding Analysis

Tilray's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Shares Outstanding

 = 

Public Shares

-

Repurchased

More About Shares Outstanding | All Equity Analysis

Current Tilray Shares Outstanding

    
  903.29 M  
Most of Tilray's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Tilray Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Tilray Shares Outstanding Driver Correlations

Understanding the fundamental principles of building solid financial models for Tilray is extremely important. It helps to project a fair market value of Tilray Stock properly, considering its historical fundamentals such as Shares Outstanding. Since Tilray's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Tilray's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Tilray's interrelated accounts and indicators.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Competition

Tilray Common Stock Shares Outstanding

Common Stock Shares Outstanding

779.78 Million

At this time, Tilray's Common Stock Shares Outstanding is very stable compared to the past year.
Based on the latest financial disclosure, Tilray Inc has 903.29 M of shares currently outstending. This is much higher than that of the Pharmaceuticals sector and significantly higher than that of the Health Care industry. The shares outstanding for all Canada stocks is 57.97% lower than that of the firm.

Tilray Shares Outstanding Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tilray's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Tilray could also be used in its relative valuation, which is a method of valuing Tilray by comparing valuation metrics of similar companies.
Tilray is currently under evaluation in shares outstanding category among its peers.

Tilray Current Valuation Drivers

We derive many important indicators used in calculating different scores of Tilray from analyzing Tilray's financial statements. These drivers represent accounts that assess Tilray's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Tilray's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap1.4B4.6B2.2B1.0B1.3B81.3M
Enterprise Value1.3B5.0B2.4B1.4B1.5B81.3M

Tilray Fundamentals

About Tilray Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Tilray Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tilray using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tilray Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with Tilray

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tilray position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tilray will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tilray Stock

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Moving against Tilray Stock

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The ability to find closely correlated positions to Tilray could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tilray when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tilray - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tilray Inc to buy it.
The correlation of Tilray is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tilray moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tilray Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tilray can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Tilray Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tilray's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tilray Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tilray Inc Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tilray Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Please note, there is a significant difference between Tilray's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tilray is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tilray's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.