SNDL Inc (NASDAQ:SNDL) price on current trading day, fall -0.26% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.96.
A look at the stock’s price movement, the level at last check in today’s session was $1.96, moving within a range at $1.95 and $1.9799. The beta value (5-Year monthly) was 3.197. Turning to its 52-week performance, $2.93 and $1.30 were the 52-week high and 52-week low respectively. Overall, SNDL moved -2.25% over the past month.
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SNDL Inc’s market cap currently stands at around $519.05 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-19.
Analysts have a consensus estimate of 249.6M for the company’s revenue for the quarter, with a low and high estimate of 249.6M and 249.6M respectively. The average forecast suggests up to a 0.46% 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 to grow to 913.59M, representing a 0.50% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SNDL is a 50% Buy. 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.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend SNDL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SNDL’s current price about -6.76% and -4.88% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.69, while 7-day volatility ratio is 4.04% and 4.66% in the 30-day chart. Further, SNDL Inc (SNDL) has a beta value of 3.20, and an average true range (ATR) of 0.10. Analysts have given the company’s stock an average 52-week price target of $3.6, forecast between a low of $3.25 and high of $5. Looking at the price targets, the low is -65.82% off recent price level in today’s trading while to achieve the yearly target high, it has to move -155.1%. Nonetheless, investors will most likely welcome a -83.67% jump to $3.6 which is the analysts’ median price.
If we refocus on SNDL Inc (NASDAQ:SNDL), historical trading data shows that trading volumes averaged 3.57 over the past 10 days and 1.98 million over the past 3 months. The company’s latest data on shares outstanding shows there are 265.50 million shares.
The 0.86% of SNDL Inc’s shares are in the hands of company insiders while institutional holders own 12.77% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.87 million on 2024-10-31, giving us a short ratio of 2.8. The data shows that as of 2024-10-31 short interest in SNDL Inc (SNDL) stood at 184.0 of shares outstanding, with shares short falling to 5.79 million registered in 2024-09-30. Current price change has pushed the stock 19.21% 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.
