Sundial Growers Inc. (NASDAQ:SNDL) price on Friday, August 06, fall -2.95% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.80.
A look at the stock’s price movement, the level at last check in today’s session was $0.82, moving within a range at $0.7899 and $0.828. Turning to its 52-week performance, $3.96 and $0.14 were the 52-week high and 52-week low respectively. Overall, SNDL moved -14.41% over the past month.
Sundial Growers Inc.’s market cap currently stands at around $1.63 billion, with investors looking forward to this quarter’s earnings report slated for May 11, 2021. Analysts project the company’s earnings per share (EPS) to be $0, which has seen fiscal year 2021 EPS growth forecast to increase to -$0.07 and about $0 for fiscal year 2022. Per the data, EPS growth is expected to be 92.20% for 2021 and 100.00% for the next financial year.
Analysts have a consensus estimate of $9.47 million for the company’s revenue for the quarter, with a low and high estimate of $8.06 million and $11.69 million respectively. The average forecast suggests down to a -38.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $45.33 million, representing a -10.20% decline on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that SNDL is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
SNDL’s current price about -3.96% and -14.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.89, while 7-day volatility ratio is 3.87% and 5.73% in the 30-day chart. Further, Sundial Growers Inc. (SNDL) has a beta value of 0, and an average true range (ATR) of 0.05.
In the market, a comparison of Sundial Growers Inc. (SNDL) and its peers suggest the former has performed considerably weaker. Data shows SNDL’s intraday price has changed -2.95% today and 42.68% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.10% and 0.37% respectively on the day as seen in early trades.
If we refocus on Sundial Growers Inc. (NASDAQ:SNDL), historical trading data shows that trading volumes averaged 96.24 million over the past 10 days and 172.47 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.86 billion shares.
The 0.64% of Sundial Growers Inc.’s shares are in the hands of company insiders while institutional holders own 5.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 267.72 million on May 27, 2021, giving us a short ratio of 1.15. The data shows that as of May 27, 2021 short interest in Sundial Growers Inc. (SNDL) stood at 14.39% of shares outstanding, with shares short rising to 238.38 million registered in Apr 29, 2021. Current price change has pushed the stock 73.18% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SNDL stock continues to rise going into the next quarter.