Sundial Growers Inc. (NASDAQ:SNDL) shares, rose in value on Wednesday, 07/21/21, with the stock price up by 3.51% to the previous day’s close as strong demand from buyers drove the stock to $0.87.
Actively observing the price movement in the last trading, the stock closed the session at $0.84, falling within a range of $0.848 and $0.8889. Referring to stock’s 52-week performance, its high was $3.96, and the low was $0.14. On the whole, SNDL has fluctuated by -4.70% over the past month.
With the market capitalization of Sundial Growers Inc. currently standing at about $1.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 11, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0 for fiscal year -$0.07 and then to about $0 by fiscal year 2022. Data indicates that the EPS growth is expected to be 92.20% in 2022, while the next year’s EPS growth is forecast to be 100.00%.
Analysts have estimated the company’s revenue for the quarter at $9.47 million, with a low estimate of $8.06 million and a high estimate of $11.69 million. According to the average forecast, sales growth in current quarter could jump down -38.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $45.33 million, representing a decrease of -10.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SNDL’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SNDL currently trading nearly -3.60% and -4.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.37, while the 7-day volatility ratio is showing 6.22% which for the 30-day chart, stands at 6.36%. Furthermore, Sundial Growers Inc. (SNDL)’s average true range (ATR) is 0.06.
Data on historical trading for Sundial Growers Inc. (NASDAQ:SNDL) indicates that the trading volumes over the past 10 days have averaged 95.38 million and over the past 3 months, they’ve averaged 194.14 million. According to company’s latest data on outstanding shares, there are 1.86 billion shares outstanding.
Nearly 0.64% of Sundial Growers Inc.’s shares belong to company insiders and institutional investors own 4.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 267.72 million shares as on May 27, 2021, resulting in a short ratio of 1.15. According to the data, the short interest in Sundial Growers Inc. (SNDL) stood at 14.39% of shares outstanding as of May 27, 2021; the number of short shares registered in Apr 29, 2021 reached 238.38 million. The stock has risen by 83.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SNDL stock heading into the next quarter.