The trading price of Sundial Growers Inc. (NASDAQ:SNDL) floating lower at last check on Wednesday, October 13, closing at $0.66, -0.33% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.66 and $0.6893. In examining the 52-week price action we see that the stock hit a 52-week high of $3.96 and a 52-week low of $0.14. Over the past month, the stock has lost -10.60% in value.
Sundial Growers Inc., whose market valuation is $1.30 billion at the time of this writing, is expected to release its quarterly earnings report May 11, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of -$0.08 for 2021 and $0 for 2022. It means analysts are expecting annual earnings per share growth of 91.10% this year and 100.00% next year.
Analysts have forecast the company to bring in revenue of $12.98 million for the current quarter, with the likely lows of $8.98 million and highs of $15.05 million. The average estimate suggests sales will likely up by 28.90% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $44.33 million. The company’s revenue is forecast to drop by -12.20% over what it did in 2021.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Sundial Growers Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest SNDL has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that SNDL’s price is currently -3.07% off the SMA20 and -9.46% off the SMA50. The RSI metric on the 14-day chart is currently showing 43.18, and weekly volatility stands at 6.17%. When measured over the past 30 days, the indicator reaches 5.10%. Sundial Growers Inc. (NASDAQ:SNDL)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.04.
To see how Sundial Growers Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: SNDL stock’s performance was -0.33% at last check in today’s session, and 197.26% in the past year. Sundial Growers Inc. has a P/E ratio of 0. Also during today’s trading, the S&P 500 Index has plunged -0.22%, while the Dow Jones Industrial also saw a negative session, down -0.58% today.
An evaluation of the daily trading volume of Sundial Growers Inc. (NASDAQ:SNDL) indicates that the 3-month average is 84.41 million. However, this figure has increased over the past 10 days to an average of 96.64 million.
Currently, records show that 1.89 billion of the company’s shares remain outstanding. The insiders hold 0.60% of outstanding shares, whereas institutions hold 8.90%. The stats also highlight that short interest as of Jul 29, 2021, stood at 283.66 million shares, resulting in a short ratio of 2.85 at that time. From this, we can conclude that short interest is 15.25% of the company’s total outstanding shares. It is noteworthy that short shares in July were up slightly from the previous month’s figure, which was 264.78 million. However, since the stock’s price has seen 40.00% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.