In yesterday’s Wall Street session, SNDL Inc (NASDAQ:SNDL) shares traded at $2.09, down -7.93% from the previous session.
SNDL stock price is now 36.23% away from the 50-day moving average and 33.84% away from the 200-day moving average. The market capitalization of the company currently stands at $549.84M.
With the price target maintained at $5, Canaccord Genuity recently Upgraded its rating from Hold to Speculative Buy for SNDL Inc (NASDAQ: SNDL). On May 03, 2022, BMO Capital Markets Upgraded its previous ‘Underperform’ rating to ‘Market Perform’ on the stock increasing its target price from $0.60 to quote $0.70, while ‘Canaccord Genuity’ rates the stock as ‘Sell’
A total of 0.63% of the company’s stock is owned by insiders.
During the past 12 months, SNDL Inc has had a low of $1.25 and a high of $2.67. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 3.94, and a quick ratio of 2.69. The fifty day moving average price for SNDL is $1.5478 and a two-hundred day moving average price translates $1.5651 for the stock.
The latest earnings results from SNDL Inc (NASDAQ: SNDL) was released for Dec, 2023. The net profit margin was -18.45% and return on equity was -13.18% for SNDL. The company reported revenue of $164.79 million for the quarter, compared to $182.14 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.53 percent. For the current quarter, analysts expect SNDL to generate $719.49M 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 Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. 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. In addition, the company 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.
