SNDL Inc (NASDAQ:SNDL) does about 5.14M shares in volume on a normal day but saw 8981398 shares change hands in Monday trading. The company now has a market cap of 597.19M USD. Its current market price is $2.27, marking an increase of 3.18% compared to the previous close of $2.20. The 52 week high reached by this stock is $2.67 whilst the lowest price level in 52 weeks is $1.25.
SNDL Inc (SNDL) has a 20-day trading average at $1.78 and the current price is -14.98% off the 52-week high compared with 81.60% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.53 and its 200-day simple moving average is $1.56. If we look at the stock’s price movements over the week, volatility stands at 15.31%, which decreases to 10.17% 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 66.33 to suggest the stock is neutral.
The consensus objective for the share price is $3.57, suggesting that the stock has a potential upside of 36.41% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 16, 2022 when Canaccord Genuity upgraded the stock to “Speculative Buy” and issued a price target of $5. BMO Capital Markets also upgraded the stock to “Market Perform” from Underperform on May 03, 2022 at a price target of $0.60-$0.70. Canaccord Genuity downgraded its price target at $0.40-$0.65.
SNDL Inc (SNDL) stock is up 15.23% over the week and 70.68% over the past month. Its price is 38.41% year-to-date and 53.38% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of -$0.31 below consensus estimates by -$0.28. SNDL’s earnings per share are forecast to grow by 102.00% this year and 300.00% over next year. Expected sales for next quarter are $153.98 million, which analysts say will come at $720.15 million for the current fiscal year and next year at $791.44 million. In addition, estimates put the company’s current quarterly revenue at an average of $720.15 million.
To reach the target analysts have set, the stock logically needs to grow 36.41 percent from here.
Outstanding shares total 262.78M with insiders holding 0.66% of the shares and institutional holders owning 9.19% of the company’s common stock. The company has a return on investment of -12.47% and return on equity of -13.18%. The forward price to earnings ratio is 61.52. The beta has a value of 3.38. Price to book ratio is 0.65 and price to sales ratio is 0.86.
