Investors Are Waking Up To SNDL Inc (NASDAQ: SNDL) After Rising 19.48% Over The Past 12 Months

SNDL Inc (NASDAQ:SNDL) currently has a daily average trading volume of 2.16M but it saw 1256782 shares traded in last market. With a market cap of 475.37M USD, the company’s current market price of $1.82 came falling about -1.62 while comparing to the previous closing price of $1.85. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.93 and as low as $1.30. In the recent trading on the day, stock has struck highest price mark of $1.82 while lowest mark touched by it was $1.9087.

Taking a look at 20-day trading activity of SNDL Inc (SNDL) gives us an average price of $1.8450, while its current price level is -37.88% below from 52-week high level whereas it is 40.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.9724 while that of 200 days or SMA-200 reads an average of $2.0401. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.72% during that period while stretching the period over a month that decreases to 4.07%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.14 which implies that the stock is in neutral territory.

Canaccord Genuity upgraded its recommendation for the stock as a “Speculative Buy” from “Hold” on August 16, 2022 while assigning a price target of $5. BMO Capital Markets issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $0.60 and $0.70.

Over the week, SNDL’s stock price is moving 5.14% up while it is -7.07% when we observe its performance for the past one month. Year-to-date it is 12.20% up and over the past year, the stock is showing an upside performance of 19.48%.

Currently, SNDL Inc’s total number of outstanding shares is 265.40M. Company’s return on investment (ROI) stands at -8.23% and return on equity (ROE) at -8.73%. It has a 63.26 of forward P/E ratio. Stock’s beta reads 3.16. Stock has a price to book (P/B) ratio of 0.54 while price to sale or P/S ratio amounts to 0.71. Its return on asset (ROA) is -7.29% on average.