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Is Tilray Stock a Buy Now?

TheMotleyFool

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Is Tilray Stock a Buy Now?: https://g.foolcdn.com/editorial/images/756516/doctor-working-inside-cannabis-cultivation-facility.jpg

One by one, the leaders of the Canadian pot market are falling completely out of favor with investors. Tilray (NASDAQ: TLRY), one of the most prominent of the bunch, hasn't been very different. Over the past three years, the company's shares have plunged by 80% and are exchanging hands for just $1.71 apiece, making it a penny stock (those with a price under $5). Can Tilray stage a comeback?

If it does, those who get in on the stock now could see massive returns down the road. On the other hand, Tilray's stock could continue to fall and end up practically worthless. Let's try to decide which of these scenarios is more likely.

TLRY data by YCharts.