Market cap of SNDL Inc. [SNDL] reaches 668.72M – now what?

SNDL Inc. [NASDAQ: SNDL] closed the trading session at $2.81 on 08/08/22. The day’s price range saw the stock hit a low of $2.47, while the highest price level was $2.9199. The company report on August 2, 2022 that SNDL to Announce Second Quarter 2022 Financial Results on August 12, 2022.

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SNDL Inc. (formerly known as Sundial Growers Inc.) (Nasdaq: SNDL) (“SNDL” or the “Company”) announced today that it will release its second quarter financial results ended June 30, 2022, after market close on Friday, August 12, 2022.

Following the release of its second quarter financial results, SNDL will host a conference call and webcast at 8:30 a.m. EDT (6:30 a.m. MDT) on August 15, 2022.

The stocks have a year to date performance of -51.41 percent and weekly performance of 23.25 percent. The stock has been moved at -46.98 percent over the last six months. The stock has performed -16.59 percent around the most recent 30 days and changed -38.17 percent over the most recent 3-months.

If compared to the average trading volume of 7.31M shares, SNDL reached to a volume of 12841507 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 SNDL Inc. [SNDL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SNDL shares is $5.70 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 2.70. 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.

BMO Capital Markets have made an estimate for SNDL Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on May 03, 2022. While these analysts kept the previous recommendation, Canaccord Genuity raised their target price from $0.40 to $0.65. The new note on the price target was released on March 19, 2021, representing the official price target for SNDL Inc. stock.

The Average True Range (ATR) for SNDL Inc. is set at 0.25, with the Price to Sales ratio for SNDL stock in the period of the last 12 months amounting to 13.48. The Price to Book ratio for the last quarter was 0.47, with the Price to Cash per share for the same quarter was set at 1.62.

SNDL stock trade performance evaluation

SNDL Inc. [SNDL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 23.25. With this latest performance, SNDL shares dropped by -16.59% in over the last four-week period, additionally sinking by -46.98% over the last 6 months – not to mention a drop of -65.08% 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 47.48, with the RSI for the last a single of trading hit 54.10, and the three-weeks RSI is set at 44.70 for SNDL Inc. [SNDL]. The present Moving Average for the last 50 days of trading for this stock 3.24, while it was recorded at 2.56 for the last single week of trading, and 5.10 for the last 200 days.

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

Operating Margin for any stock indicates how profitable investing would be, and SNDL Inc. [SNDL] shares currently have an operating margin of -132.89 and a Gross Margin at -31.40. SNDL Inc.’s Net Margin is presently recorded at -410.46.

Return on Equity for this stock declined to -29.22, with Return on Assets sitting at -27.04.

SNDL Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.70 and a Current Ratio set at 6.00.

SNDL Inc. [SNDL]: Insider Ownership positions

There are presently around $46 million, or 8.00% 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 7,750,785, which is approximately 162.64% of the company’s market cap and around 0.15% of the total institutional ownership; D. E. SHAW & CO., INC., holding 3,378,640 shares of the stock with an approximate value of $9.49 million in SNDL stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $4.14 million in SNDL stock with ownership of nearly -38.899% of the company’s market capitalization.

Positions in SNDL Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 69 institutional holders increased their position in SNDL Inc. [NASDAQ:SNDL] by around 8,237,912 shares. Additionally, 59 investors decreased positions by around 5,948,567 shares, while 65 investors held positions by with 2,091,020 shares. The mentioned changes placed institutional holdings at 16,277,499 shares, according to the latest SEC report filing. SNDL stock had 33 new institutional investments in for a total of 423,210 shares, while 30 institutional investors sold positions of 507,680 shares during the same period.


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