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Sundial Growers Inc. (NASDAQ: SNDL) -6.76% Decline Turns Investors Off From Company Stock

Sundial Growers Inc. (NASDAQ:SNDL) traded at $0.34 at last check on Wednesday, June 29, made a downward move of -6.76% on its previous day’s price.

Looking at the stock we see that its previous close was $0.37 and the beta (5Y monthly) reads 5.29 with the day’s price range being $0.3641 – $0.392. In terms of its 52-week price range, SNDL has a high of $1.00 and a low of $0.29. The company’s stock has lost about -7.47% over that past 30 days.

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Sundial Growers Inc. has a market cap of $831.70 million and is expected to release its quarterly earnings report on Mar 15, 2022 – Mar 21, 2022. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at -$0.07 for 2021 and $0.01 for next year. These figures represent 92.20% and 114.30% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $17.48 million, with a low of $12.54 million and a high of $13.08 million. The median projection represents growth squeezing down to 52.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $43.19 million, or -14.50% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the SNDL stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 4 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the Sundial Growers Inc. (SNDL) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -2.97% off its SMA20 and -17.31% from its 50-day simple moving average. The RSI (14) is pointing at 43.33 while the volatility over the past week is 7.47% and jumps to 6.87% over the past one month. The average price target for the stock over the next 12 months is $0.77, with the estimates having a low of $0.63 and a high of $1.05. These price ends are -85.29% and -208.82% off the today’s price level respectively, although investors could be excited at the prospect of a -88.24% if the SNDL share price touches on the median price of $0.64.

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Coming back to Sundial Growers Inc. (NASDAQ:SNDL), we note that the average 3-month trading volume was 84.52 million, while that of the preceding 10-day period stands at 66.02 million. Current shares outstanding are 2.27 billion.

The insiders hold 0.51% of the company’s shares while institutions hold 8.30%. The data shows that short shares as of Apr 28, 2022, stood at 199.52 million at a short ratio of 1.92. This represents a 8.35% short interest in shares outstanding on Apr 28, 2022. Shares short fall in April from the previous month at 249.33 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -36.57% down in year-to-date price movement.

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