Sundial Growers Inc. [SNDL] Revenue clocked in at $37.60 million, down -9.99% YTD: What’s Next?

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Sundial Growers Inc. [NASDAQ: SNDL] surged by $0.01 during the normal trading session on Friday and reaching a high of $0.538 during the day while it closed the day at $0.52. The company report on April 14, 2022 that Sundial Growers to Participate in the Benzinga Cannabis Capital Conference.

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Sundial Growers Inc. (Nasdaq: SNDL) (“Sundial” or the “Company”) will be participating in the Benzinga Cannabis Capital Conference, which will take place on April 20 and April 21 at the Fontainebleau Miami Beach.

Zach George, Sundial’s Chief Executive Officer, will be speaking at 11:50 a.m. ET on April 20, 2022. To watch the livestream of Mr. George’s exclusive interview, please follow the link here.

Sundial Growers Inc. stock has also loss -1.89% of its value over the past 7 days. However, SNDL stock has inclined by 8.82% in the 3 months of the year. Over the past six months meanwhile, it has lost -25.48% and lost -9.99% year-on date.

The market cap for SNDL stock reached $1.24 billion, with 2.06 billion shares outstanding and 2.06 billion shares in the current float. Compared to the average trading volume of 100.49M shares, SNDL reached a trading volume of 70095466 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Sundial Growers Inc. [SNDL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SNDL shares is $0.81 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SNDL stock is a recommendation set at 3.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Canaccord Genuity have made an estimate for Sundial Growers Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on March 19, 2021. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Neutral. The new note on the price target was released on March 10, 2021, representing the official price target for Sundial Growers Inc. stock.

The Average True Range (ATR) for Sundial Growers Inc. is set at 0.05, with the Price to Sales ratio for SNDL stock in the period of the last 12 months amounting to 33.00. The Price to Book ratio for the last quarter was 0.98, with the Price to Cash per share for the same quarter was set at 0.25.

SNDL stock trade performance evaluation

Sundial Growers Inc. [SNDL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.89. With this latest performance, SNDL shares dropped by -14.11% in over the last four-week period, additionally sinking by -25.48% over the last 6 months – not to mention a drop of -37.66% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SNDL stock in for the last two-week period is set at 41.18, with the RSI for the last a single of trading hit 37.14, and the three-weeks RSI is set at 43.98 for Sundial Growers Inc. [SNDL]. The present Moving Average for the last 50 days of trading for this stock 0.5735, while it was recorded at 0.5288 for the last single week of trading, and 0.6516 for the last 200 days.

Sundial Growers Inc. [SNDL]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Sundial Growers Inc. [SNDL] shares currently have an operating margin of -175.37 and a Gross Margin at -101.17. Sundial Growers Inc.’s Net Margin is presently recorded at -338.25.

Return on Total Capital for SNDL is now -29.85, given the latest momentum, and Return on Invested Capital for the company is -79.09. Return on Equity for this stock declined to -81.90, with Return on Assets sitting at -49.18. When it comes to the capital structure of this company, Sundial Growers Inc. [SNDL] has a Total Debt to Total Equity ratio set at 0.54. Additionally, SNDL Total Debt to Total Capital is recorded at 0.54, with Total Debt to Total Assets ending up at 0.49. Long-Term Debt to Equity for the company is recorded at 0.39, with the Long-Term Debt to Total Capital now at 0.39.

Reflecting on the efficiency of the workforce at the company, Sundial Growers Inc. [SNDL] managed to generate an average of -$389,909 per employee. Receivables Turnover for the company is 2.69 with a Total Asset Turnover recorded at a value of 0.15.Sundial Growers Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 12.80 and a Current Ratio set at 13.40.

Sundial Growers Inc. [SNDL]: Insider Ownership positions

There are presently around $57 million, or 5.60% of SNDL stock, in the hands of institutional investors. The top three institutional holders of SNDL stocks are: ETF MANAGERS GROUP, LLC with ownership of 29,511,037, which is approximately New of the company’s market cap and around 0.54% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 24,118,240 shares of the stock with an approximate value of $12.54 million in SNDL stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $8.35 million in SNDL stock with ownership of nearly 4.699% of the company’s market capitalization.

Positions in Sundial Growers Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 77 institutional holders increased their position in Sundial Growers Inc. [NASDAQ:SNDL] by around 51,978,909 shares. Additionally, 64 investors decreased positions by around 29,236,988 shares, while 48 investors held positions by with 27,453,967 shares. The mentioned changes placed institutional holdings at 108,669,864 shares, according to the latest SEC report filing. SNDL stock had 40 new institutional investments in for a total of 38,496,301 shares, while 31 institutional investors sold positions of 3,737,738 shares during the same period.