Sundial Growers Inc. (NASDAQ:SNDL) does about 5.43M shares in volume on a normal day but saw 8836737 shares change hands in Friday trading. The company now has a market cap of 60.05M USD and an enterprise value of about $139.32M. Its current market price is $0.34, marking an increase of 7.44% compared to the previous close of $0.32. The 52 week high reached by this stock is $9.06 whilst the lowest price level in 52 weeks is $0.28. The script in recent trading has seen the stock touch a high of $0.3598 and a low of $0.3106.
Sundial Growers Inc. (SNDL) has a 20-day trading average at $0.4703 and the current price is -96.22% off the 52-week high compared with 22.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6556 and its 200-day simple moving average is $1.2988. If we look at the stock’s price movements over the week, volatility stands at 15.26%, which decreases to 14.40% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 31.37 to suggest the stock is neutral.
4 analysts observing the Sundial Growers Inc. (SNDL) stock have set the 12-month price targets for the company’s shares at between $0.50 and $1.00. The median price target is 43.33% away from the current levels at $0.60.
FactSet Research has provided data showing that 4 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 4 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 17, 2020 when CIBC upgraded the stock to “Neutral” and issued a price target of. BMO Capital Markets also upgraded the stock to “Market Perform” from Underperform on June 29, 2020 at a price target of $1.
The current price level is -29.04%, -48.68%, and -73.99% away from its SMA20, SMA50, and SMA200 respectively, with the SNDL price moving above the 50-day SMA on August 28. Sundial Growers Inc. (SNDL) stock is down -12.07% over the week and -40.37% over the past month. Its price is -88.63% year-to-date and -95.65% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.43 below consensus estimates by -$0.28. The company’s next earnings report is expected on 11/11/2020, with forecasts estimating quarterly EPS at -$0.11 and -$0.67 for whole year. SNDL’s earnings per share are forecast to grow by 71.70% this year and 70.10% over next year. Expected sales for next quarter are $20.89 million, which analysts say will come at $66.97 million for the current fiscal year and next year at $82.16 million. In addition, estimates put the company’s current quarterly revenue at an average of $17.72 million.
Its 12-month price target is $0.60. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $0.50, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $1.00.
Outstanding shares total 106.61M with insiders holding 35.25% of the shares and institutional holders owning 14.16% of the company’s common stock. The company has a return on investment of -54.70% and return on equity of -167.10%. Price to book ratio is 0.45 and price to sales ratio is 0.88.
According to a U.S. Securities and Exchange Commission filing, ETFMG Alternative Harvest ETF has reduced its position in Sundial Growers Inc. (SNDL) to 7,107,781 shares, mirroring a recent drop by -1.14%. ETFMG Alternative Harvest ETF dumped 81728.0 shares of Sundial Growers Inc. common stock bringing its total worth to about $4.15 million at the end of recent close, SEC documents show. ETFMG Alternative Harvest ETF isn’t the only investment manager who changed stakes and is followed by Horizons Medical Marijuana Life S, which sold off 0.0 shares to end up with 982,775 shares worth $0.57 million. Global X Cannabis ETF cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.19% position in Sundial Growers Inc. thanks to 0.21 million shares amounting to $0.12 million.