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Tilray’s price analysis shows high risk moving forward

Tilray(TLRY) currently trades at $7.83 and has grown by 31% in the past 24 hours. Given the way analysts feel about Tilray right now, this huge implied volatility could mean there’s a trade development. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

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Based on this information, investorsQ rates this stock an 5 out of 10. We give it this rating because Tilray brings a huge risk to your portfolio. Look at Tilray as more of a gamble than an investment due to most cannabis companies burning cash faster than they can make it. The high forecast for Tilray is $15 and the low is $2. Notably, the company’s market cap is $876.95 million with a 52 week high of $66.87 and a 52 week low of $2.43.

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