SNDL Inc. [NASDAQ: SNDL] loss -3.90% or -0.06 points to close at $1.48 with a heavy trading volume of 3164663 shares. The company report on April 3, 2023 that SNDL Granted MCTO.
SNDL Inc. (NASDAQ: SNDL) (“SNDL” or the “Company”) announces that its principal regulator, the Alberta Securities Commission, has granted a management cease trade order (the “MCTO”).
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As previously announced on March 28, 2023 (the “Announcement”), the Company applied for the MCTO due to an expected delay in the filing of the audited consolidated financial statements for the year ended December 31, 2022, annual management’s discussion and analysis for the same period, annual information form for the same period (which will be reported on Form 20-F) and management certifications of annual filings (collectively, the “Filings”). The MCTO restricts the Chief Executive Officer and Chief Financial Officer from all trading in securities of the Company until such time as the Filings have been filed by the Company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company.
It opened the trading session at $1.55, the shares rose to $1.58 and dropped to $1.47, the range by which the price of stock traded the whole day. The daily chart for SNDL points out that the company has recorded -35.65% loss over the past six months. However, it is still -2.07% lower than its most recent low trading price.
If we look at the average trading volume of 3.43M shares, SNDL reached to a volume of 3164663 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 0.09, with the Price to Sales ratio for SNDL stock in the period of the last 12 months amounting to 1.03. The Price to Book ratio for the last quarter was 0.33, with the Price to Cash per share for the same quarter was set at 0.95.
Trading performance analysis for SNDL stock
SNDL Inc. [SNDL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.73. With this latest performance, SNDL shares dropped by -14.45% in over the last four-week period, additionally sinking by -35.65% over the last 6 months – not to mention a drop of -77.96% 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 36.42, with the RSI for the last a single of trading hit 35.09, and the three-weeks RSI is set at 37.26 for SNDL Inc. [SNDL]. The present Moving Average for the last 50 days of trading for this stock 1.8573, while it was recorded at 1.5560 for the last single week of trading, and 2.4186 for the last 200 days.
SNDL Inc. [SNDL]: A deeper dive into fundamental analysis
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 Total Capital for SNDL is now -9.23, given the latest momentum, and Return on Invested Capital for the company is -28.70. Return on Equity for this stock declined to -29.22, with Return on Assets sitting at -27.04. When it comes to the capital structure of this company, SNDL Inc. [SNDL] has a Total Debt to Total Equity ratio set at 2.52. Additionally, SNDL Total Debt to Total Capital is recorded at 2.46, with Total Debt to Total Assets ending up at 2.35. Long-Term Debt to Equity for the company is recorded at 2.09, with the Long-Term Debt to Total Capital now at 2.04.
Reflecting on the efficiency of the workforce at the company, SNDL Inc. [SNDL] managed to generate an average of -$316,822 per employee. Receivables Turnover for the company is 3.69 with a Total Asset Turnover recorded at a value of 0.07.SNDL Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.80 and a Current Ratio set at 6.60.
An analysis of insider ownership at SNDL Inc. [SNDL]
There are presently around $12 million, or 8.10% of SNDL stock, in the hands of institutional investors. The top three institutional holders of SNDL stocks are: MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. with ownership of 1,474,036, which is approximately -45.695% of the company’s market cap and around 0.32% of the total institutional ownership; MORGAN STANLEY, holding 917,475 shares of the stock with an approximate value of $1.41 million in SNDL stocks shares; and GROUP ONE TRADING, L.P., currently with $0.92 million in SNDL stock with ownership of nearly 98.017% of the company’s market capitalization.
Positions in SNDL Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday 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 14,118,492 shares, while 46 investors held positions by with 8,561,815 shares. The mentioned changes placed institutional holdings at 7,601,998 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 18 institutional investors sold positions of 12,645,434 shares during the same period.