Do Investors Have Much Faith In SNDL Inc (NASDAQ: SNDL)

SNDL Inc (NASDAQ:SNDL) does about 7.08M shares in volume on a normal day but saw 1993875 shares change hands in Monday trading. The company now has a market cap of 552.72M USD. Its current market price is $2.10, marking an increase of 2.94% compared to the previous close of $2.04. The 52 week high reached by this stock is $2.93 whilst the lowest price level in 52 weeks is $1.25.

SNDL Inc (SNDL) has a 20-day trading average at $2.28 and the current price is -28.33% off the 52-week high compared with 68.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.20 and its 200-day simple moving average is $1.72. If we look at the stock’s price movements over the week, volatility stands at 4.31%, which increases to 6.34% 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 44.37 to suggest the stock is neutral.

The consensus objective for the share price is $3.62, suggesting that the stock has a potential upside of 41.99% 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 down -3.23% over the week and -12.68% over the past month. Its price is 28.05% year-to-date and 44.83% over the past year.

To reach the target analysts have set, the stock logically needs to grow 41.99 percent from here.

The company has a return on investment of -10.34% and return on equity of -10.61%. The forward price to earnings ratio is 288.46. The beta has a value of 3.22. Price to book ratio is 0.61 and price to sales ratio is 0.80.