SNDL Inc (NASDAQ:SNDL) price on current trading day, fall -1.08% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.83.
A look at the stock’s price movement, the level at last check in today’s session was $1.85, moving within a range at $1.81 and $1.88. 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 -6.63% over the past month.
SNDL Inc’s market cap currently stands at around $485.87 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 248.1M for the company’s revenue for the quarter, with a low and high estimate of 248.1M and 248.1M respectively. The average forecast suggests down to a -0.14% 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 912.84M, representing a 0.42% 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% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 -0.16% and -6.95% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.60, while 7-day volatility ratio is 5.38% and 4.05% in the 30-day chart. Further, SNDL Inc (SNDL) has a beta value of 3.16, and an average true range (ATR) of 0.08. Analysts have given the company’s stock an average 52-week price target of $3.25, forecast between a low of $3.25 and high of $3.25. Looking at the price targets, the low is -77.6% off recent price level in today’s trading while to achieve the yearly target high, it has to move -77.6%. Nonetheless, investors will most likely welcome a -77.6% jump to $3.25 which is the analysts’ median price.
If we refocus on SNDL Inc (NASDAQ:SNDL), historical trading data shows that trading volumes averaged 2.31 over the past 10 days and 2.16 million over the past 3 months. The company’s latest data on shares outstanding shows there are 265.40 million shares.
The 0.84% of SNDL Inc’s shares are in the hands of company insiders while institutional holders own 12.50% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.77 million on 2024-11-29, giving us a short ratio of 1.83. The data shows that as of 2024-11-29 short interest in SNDL Inc (SNDL) stood at 179.0 of shares outstanding, with shares short falling to 4.87 million registered in 2024-10-31. Current price change has pushed the stock 11.59% 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.
