Tilray Brands: Is the Stock a Buy at Less Than $4?
The stock is down big this year, but that doesn't mean it's overdue for a rally.
Overview
Tilray Brands (NASDAQ:TLRY) stock has been crashing hard this year, losing close to 60% of its value thus far. On Monday, it closed at $3.72, which is an 84% decline from its 52-week high of $23.20. The stock may seem dirt cheap, but here's why even at less than $4, I still wouldn't buy it.
Image source: Getty Images.
Although Tilray's stock is down big this year, it's for good reason: the business just doesn’t look all that appealing ot invest in.
Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.