SNDL Inc. [SNDL] Is Currently -3.59 below its 200 Period Moving Avg: What Does This Mean?

SNDL Inc. [NASDAQ: SNDL] slipped around -0.07 points on Tuesday, while shares priced at $1.88 at the close of the session, down -3.59%. The company report on February 24, 2023 that KCSA Cannabis Virtual Investor Conference: Presentations Now Available for Online Viewing.

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SNDL Inc. stock is now -10.05% down from its year-to-date (YTD) trading value. SNDL Stock saw the intraday high of $1.95 and lowest of $1.86 per share. The company’s 52-week high price is 8.91, which means current price is +1.08% above from all time high which was touched on 02/02/23.

Compared to the average trading volume of 3.69M shares, SNDL reached a trading volume of 6231161 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 $4.15 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 0.10, with the Price to Sales ratio for SNDL stock in the period of the last 12 months amounting to 1.41. The Price to Book ratio for the last quarter was 0.42, with the Price to Cash per share for the same quarter was set at 0.89.

How has SNDL stock performed recently?

SNDL Inc. [SNDL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.09. With this latest performance, SNDL shares dropped by -17.18% in over the last four-week period, additionally sinking by -36.27% over the last 6 months – not to mention a drop of -63.23% 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 35.21, with the RSI for the last a single of trading hit 31.25, and the three-weeks RSI is set at 38.39 for SNDL Inc. [SNDL]. The present Moving Average for the last 50 days of trading for this stock 2.1526, while it was recorded at 1.9500 for the last single week of trading, and 2.6966 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 4.80 and a Current Ratio set at 6.60.

Insider trade positions for SNDL Inc. [SNDL]

There are presently around $38 million, or 8.10% 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 12,523,678, which is approximately -80.581% of the company’s market cap and around 0.33% of the total institutional ownership; MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., holding 1,474,036 shares of the stock with an approximate value of $2.77 million in SNDL stocks shares; and MORGAN STANLEY, currently with $1.73 million in SNDL stock with ownership of nearly 22.572% of the company’s market capitalization.

Positions in SNDL Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 52 institutional holders increased their position in SNDL Inc. [NASDAQ:SNDL] by around 2,045,321 shares. Additionally, 38 investors decreased positions by around 53,563,588 shares, while 45 investors held positions by with 35,484,733 shares. The mentioned changes placed institutional holdings at 20,124,176 shares, according to the latest SEC report filing. SNDL stock had 32 new institutional investments in for a total of 1,111,479 shares, while 17 institutional investors sold positions of 121,756 shares during the same period.


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