Sunopta, Inc. [NASDAQ: STKL] traded at a low on Wednesday, posting a -5.50 loss after which it closed the day’ session at $6.01.
The results of the trading session contributed to over 3019522 shares changing hands. Over the past one week, the price volatility of Sunopta, Inc. stands at 5.56% while the volatility over the past one month is 4.54%.
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The market cap for STKL stock reached $702.21 million, with 115.95 million shares outstanding and 112.18 million shares in the current float. Compared to the average trading volume of 783.10K shares, STKL reached a trading volume of 3019522 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Sunopta, Inc. [STKL]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for STKL shares is $9.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on STKL stock is a recommendation set at 1.00. 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.
DA Davidson have made an estimate for Sunopta, Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 08, 2023. While these analysts kept the previous recommendation, Mizuho raised their target price to Buy. The new note on the price target was released on October 02, 2023, representing the official price target for Sunopta, Inc. stock. Previously, the target price had yet another raise to $10, while Stephens analysts kept a Overweight rating on STKL stock.
The Average True Range (ATR) for Sunopta, Inc. is set at 0.31, with the Price to Sales ratio for STKL stock in the period of the last 12 months amounting to 1.02. The Price to Book ratio for the last quarter was 4.27, with the Price to Cash per share for the same quarter was set at 0.03.
How has STKL stock performed recently?
Sunopta, Inc. [STKL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.38. With this latest performance, STKL shares dropped by -10.70% in over the last four-week period, additionally plugging by 2.21% over the last 6 months – not to mention a rise of 53.32% 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 STKL stock in for the last two-week period is set at 42.75, with the RSI for the last a single of trading hit 37.89, and the three-weeks RSI is set at 45.95 for Sunopta, Inc. [STKL]. The present Moving Average for the last 50 days of trading for this stock 6.24, while it was recorded at 6.30 for the last single week of trading, and 5.98 for the last 200 days.
Sunopta, Inc. [STKL]: Deeper insight into the fundamentals
Sunopta, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.61 and a Current Ratio set at 1.27.
Earnings analysis for Sunopta, Inc. [STKL]
With the latest financial reports released by the company, Sunopta, Inc. posted 0/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for STKL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sunopta, Inc. go to 30.00%.
Insider trade positions for Sunopta, Inc. [STKL]
There are presently around $86.24%, or 89.64%% of STKL stock, in the hands of institutional investors. The top three institutional holders of STKL stocks are: OAKTREE CAPITAL MANAGEMENT LP with ownership of 20.73 million shares, which is approximately 17.8623%. BLACKROCK INC., holding 7.6 million shares of the stock with an approximate value of $$41.07 million in STKL stocks shares; and BLACKROCK INC., currently with $$28.51 million in STKL stock with ownership which is approximately 4.5501%.
