With 257.29M Outstanding Shares, Can SNDL Inc (NASDAQ: SNDL) Deliver Big Short-Term Gains?

SNDL Inc (NASDAQ:SNDL) currently has a daily average trading volume of 1.73M but it saw 1906653 shares traded in last market. With a market cap of 401.41M USD, the company’s current market price of $1.56 came rising about 4.70 while comparing to the previous closing price of $1.49. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.40 and as low as $1.15. In the recent trading on the day, stock has struck highest price mark of $1.48 while lowest mark touched by it was $1.57.

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 9.86% up while it is 17.29% when we observe its performance for the past one month. Year-to-date it is -29.09% down and over the past year, the stock is showing a downside performance of -12.85%.

Currently, SNDL Inc’s total number of outstanding shares is 257.29M with 4.32% of that held by the insiders while 16.13% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -9.08% and return on equity (ROE) at -9.20%. Stock’s beta reads 3.54. Stock has a price to book (P/B) ratio of 0.53 while price to sale or P/S ratio amounts to 0.60. Its return on asset (ROA) is -7.67% on average.

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