Tilray stock ( NASDAQ: TLRY) was debated as overvalued in August, but continued to gain value, and has continued to gain 38% in the first two days of trading after Labor Day weekend.
Valuation of TLRY by Forbes in August placed it at a $25 price estimate. The current value estimates for Tilray stock are now at around $73 by Midas Letter.
The new debate with TLRY is if the stock will hit triple digits and maintain them. TLRY managed to nearly reach triple digits before receding to under $90 per share. The stock reached a per high unit price of $96.25 before an $89.86 close on Tuesday.