SNDL Inc (NASDAQ: SNDL) – Time For Strategy Change?

SNDL Inc (NASDAQ:SNDL) currently has a daily average trading volume of 1.78M but it saw 1025165 shares traded in last market. With a market cap of 357.65M USD, the company’s current market price of $1.42 came rising about 2.16 while comparing to the previous closing price of $1.39. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.93 and as low as $1.26. In the recent trading on the day, stock has struck highest price mark of $1.395 while lowest mark touched by it was $1.44.

Taking a look at 20-day trading activity of SNDL Inc (SNDL) gives us an average price of $1.3910, while its current price level is -51.54% below from 52-week high level whereas it is 12.70% 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 $1.5368 while that of 200 days or SMA-200 reads an average of $1.8770. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.54% during that period while stretching the period over a month that increases to 5.31%. 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 48.47 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 6.77% up while it is -10.69% when we observe its performance for the past one month. Year-to-date it is -20.67% down and over the past year, the stock is showing a downside performance of -24.06%.

The company is expected to be releasing its next quarterly report on 2025-Mar-17, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. In next quarter, company is expected to be making quarterly sales of $243.3M as analysts are expecting the sales for current fiscal year at $964.1M and seeing the company making $1.04B in sales next year. Moreover, analysts are in estimates of $214.6M for current-quarter revenue.

Currently, SNDL Inc’s total number of outstanding shares is 263.02M with 0.34% of that held by the insiders while 16.78% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -7.85% and return on equity (ROE) at -8.00%. Stock’s beta reads 3.58. Stock has a price to book (P/B) ratio of 0.47 while price to sale or P/S ratio amounts to 0.53. Its return on asset (ROA) is -6.65% on average.