SNDL Inc. [SNDL] Revenue clocked in at $213.70 million, down -51.58% YTD: What’s Next?

SNDL Inc. [NASDAQ: SNDL] traded at a high on 09/14/22, posting a 6.87 gain after which it closed the day’ session at $2.80. The company report on August 31, 2022 that SNDL Inc. Enters into a Bid Agreement to Acquire Superette Assets.

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SNDL enters into an agreement in connection with its secured credit investment to add to its multi-banner cannabis retail portfolio.

SNDL Inc. (Nasdaq: SNDL) (“SNDL” or the “Company”) announced today that, in the context of the initial order obtained by Superette Inc., Superette Ontario Inc. and certain of its subsidiaries (collectively, “Superette”) from the Ontario Superior Court of Justice (Commercial List) (the “Court”) on August 30, 2022 pursuant to the Companies’ Creditors Arrangement Act (Canada) (“CCAA Proceedings”), it has entered into an agreement of purchase and sale with Superette (the “Stalking Horse Agreement”), pursuant to which it proposes to acquire substantially all of the business and assets of Superette through a hybrid asset purchase and ‘reverse vesting’ transaction. Superette intends to return to Court on September 9, 2022 to seek approval of, among other things, an amended and restated initial order and an order approving a sale and investment solicitation process (the “SISP”). Subject to Court approval at the comeback hearing, the Stalking Horse Agreement will serve as the “stalking horse bid” (the “Stalking Horse Bid”) in the SISP, and is to be supervised by the Court and conducted by PricewaterhouseCoopers Inc., the Court-appointed Monitor of Superette (the “Monitor”). The Stalking Horse Bid will set the floor, or minimum acceptable bid for potential alternative bids to be submitted in the SISP, which is designed to achieve the highest and best offer for Superette’s business and assets.

The results of the trading session contributed to over 3080800 shares changing hands. Over the past one week, the price volatility of SNDL Inc. stands at 5.88% while the volatility over the past one month is 6.47%.

The market cap for SNDL stock reached $652.09 million, with 237.99 million shares outstanding and 237.49 million shares in the current float. Compared to the average trading volume of 7.08M shares, SNDL reached a trading volume of 3080800 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $4.51 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 2.20. 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 SNDL Inc. shares, keeping their opinion on the stock as Speculative Buy, with their previous recommendation back on August 16, 2022. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $0.60 to $0.70. The new note on the price target was released on May 03, 2022, representing the official price target for SNDL Inc. stock. Previously, the target price had yet another raise from $0.40 to $0.65, while Canaccord Genuity kept a Sell rating on SNDL stock.

The Average True Range (ATR) for SNDL Inc. is set at 0.21, with the Price to Sales ratio for SNDL stock in the period of the last 12 months amounting to 3.05. The Price to Book ratio for the last quarter was 0.57, with the Price to Cash per share for the same quarter was set at 1.33.

How has SNDL stock performed recently?

SNDL Inc. [SNDL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.53. With this latest performance, SNDL shares dropped by -11.67% in over the last four-week period, additionally sinking by -40.58% over the last 6 months – not to mention a drop of -60.57% 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 50.47, with the RSI for the last a single of trading hit 53.14, and the three-weeks RSI is set at 48.49 for SNDL Inc. [SNDL]. The present Moving Average for the last 50 days of trading for this stock 2.86, while it was recorded at 2.71 for the last single week of trading, and 4.55 for the last 200 days.

SNDL Inc. [SNDL]: Deeper insight into the 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 6.90 and a Current Ratio set at 9.00.

Insider trade positions for SNDL Inc. [SNDL]

There are presently around $195 million, or 5.80% 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 63,148,157, which is approximately 714.732% of the company’s market cap and around 0.15% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 1,648,439 shares of the stock with an approximate value of $4.62 million in SNDL stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $3.23 million in SNDL stock with ownership of nearly -75.457% 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 74 institutional holders increased their position in SNDL Inc. [NASDAQ:SNDL] by around 57,214,288 shares. Additionally, 52 investors decreased positions by around 7,360,725 shares, while 65 investors held positions by with 5,014,750 shares. The mentioned changes placed institutional holdings at 69,589,763 shares, according to the latest SEC report filing. SNDL stock had 33 new institutional investments in for a total of 626,039 shares, while 36 institutional investors sold positions of 545,101 shares during the same period.


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