Sunopta, Inc [NASDAQ: STKL] stock went on a downward path that fall over -0.35% on Thursday, amounting to a one-week price decrease of less than -7.27%.
Over the last 12 months, STKL stock dropped by -4.97%. The one-year Sunopta, Inc stock forecast points to a potential upside of 38.94. The average equity rating for STKL stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $674.69 million, with 117.24 million shares outstanding and 112.56 million shares in the current float. Compared to the average trading volume of 1.03M shares, STKL stock reached a trading volume of 3674639 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $9.40 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 0.28, with the Price to Sales ratio for STKL stock in the period of the last 12 months amounting to 0.91. The Price to Book ratio for the last quarter was 4.35, with the Price to Cash per share for the same quarter was set at 0.02. Price to Free Cash Flow for STKL in the course of the last twelve months was 22.82 with Quick ratio for the last quarter at 0.43.
STKL Stock Performance Analysis:
Sunopta, Inc [STKL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.27. With this latest performance, STKL shares gained by 20.84% in over the last four-week period, additionally sinking by -25.45% over the last 6 months – not to mention a drop of -4.97% 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 50.95, with the RSI for the last a single of trading hit 44.23, and the three-weeks RSI is set at 52.55 for Sunopta, Inc [STKL]. The present Moving Average for the last 50 days of trading for this stock 5.03, while it was recorded at 5.98 for the last single week of trading, and 6.36 for the last 200 days.
Insight into Sunopta, Inc Fundamentals:
Sunopta, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.43 and a Current Ratio set at 0.95.
Sunopta, Inc [STKL] Institutonal Ownership Details
The top three institutional holders of STKL stocks are: OAKTREE CAPITAL MANAGEMENT LP with ownership of 20.73 million shares, which is approximately 17.7693%. 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 4.5265%.
