In yesterday’s Wall Street session, SNDL Inc. (NASDAQ:SNDL) shares traded at $1.71, down -4.47% from the previous session.
As of this writing, 1 analysts cover SNDL Inc. (NASDAQ:SNDL). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $4.38 and a low of $4.38, we find $4.38. Given the previous closing price of $1.79, this indicates a potential upside of 144.69 percent. SNDL stock price is now 8.73% away from the 50-day moving average and -21.07% away from the 200-day moving average. The market capitalization of the company currently stands at $417.58M.
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There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $4.38 as their price target over the next twelve months.
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A total of 0.34% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SNDL stock. A new stake in SNDL Inc. shares was purchased by ETF MANAGERS GROUP, LLC during the first quarter worth $12,342,000. HRT FINANCIAL LP invested $1,342,000 in shares of SNDL during the first quarter. In the first quarter, BLUECREST CAPITAL MANAGEMENT LTD acquired a new stake in SNDL Inc. valued at approximately $770,000. ADVISORSHARES INVESTMENTS LLC acquired a new stake in SNDL for approximately $390,000. PENSERRA CAPITAL MANAGEMENT LLC purchased a new stake in SNDL valued at around $370,000 in the second quarter. In total, there are 109 active investors with 8.10% ownership of the company’s stock.
Wednesday morning saw SNDL Inc. (NASDAQ: SNDL) opened at $1.7800. During the past 12 months, SNDL Inc. has had a low of $1.29 and a high of $4.14. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 5.60, and a quick ratio of 4.10. The fifty day moving average price for SNDL is $1.5763 and a two-hundred day moving average price translates $2.1611 for the stock.
The latest earnings results from SNDL Inc. (NASDAQ: SNDL) was released for Mar, 2023. According to the Drug Manufacturers – Specialty & Generic Company, earnings per share came in at -$0.31, missing analysts’ expectations of -$0.03 by -0.28. This compares to -$0.15 EPS in the same period last year. The net profit margin was -47.10% and return on equity was -23.00% for SNDL. The company reported revenue of $149.65 million for the quarter, compared to $13.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 977.03 percent. For the current quarter, analysts expect SNDL to generate $178.02M in revenue.
SNDL Inc.(SNDL) Company Profile
SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through four segments: Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores. The company also produces and distributes inhalable products, such as flower, pre-rolls, and vapes. It offers its products under the Top Leaf, Sundial Cannabis, Palmetto, and Grasslands brands. The company was formerly known as Sundial Growers Inc. and changed its name to SNDL Inc. in July 2022. SNDL Inc. was incorporated in 2006 and is headquartered in Calgary, Canada.
