The price of SNDL Inc. (NASDAQ:SNDL) shares last traded on Wall Street fell -1.68% to $1.76.
Based on available information, 1 analysts follow 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 16.53% away from the 50-day moving average and -3.19% away from the 200-day moving average. The market capitalization of the company currently stands at $466.29M.
Among analysts, 0 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $4.38 as their price target over the next twelve months.
With the price target maintained at $5, Canaccord Genuity recently Upgraded its rating from Hold to Speculative Buy for SNDL Inc. (NASDAQ: SNDL).
A total of 0.43% 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 $12,703,000. GTS SECURITIES LLC invested $229,000 in shares of SNDL during the first quarter. In the first quarter, VERITION FUND MANAGEMENT LLC acquired a new stake in SNDL Inc. valued at approximately $126,000. GOLDMAN SACHS GROUP INC acquired a new stake in SNDL for approximately $92,000. TWO SIGMA SECURITIES, LLC purchased a new stake in SNDL valued at around $60,000 in the second quarter. In total, there are 119 active investors with 8.10% ownership of the company’s stock.
A candlestick chart of SNDL Inc. (NASDAQ: SNDL) showed a price of $1.8400 on Friday morning. During the past 12 months, SNDL Inc. has had a low of $1.25 and a high of $3.36. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 4.50, and a quick ratio of 2.90. The fifty day moving average price for SNDL is $1.5179 and a two-hundred day moving average price translates $1.8137 for the stock.
The latest earnings results from SNDL Inc. (NASDAQ: SNDL) was released for Jun, 2023. The net profit margin was -31.80% and return on equity was -21.60% for SNDL. The company reported revenue of $181.87 million for the quarter, compared to $175.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.82 percent. For the current quarter, analysts expect SNDL to generate $182.59M 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.
