Sundial Growers Inc. (SNDL) touched a new high 2 times within the past 5 days.

Sundial Growers Inc. (NASDAQ:SNDL) saw a downside of -1.18% to close Friday at $0.67 after subtracting -$0.01 on the day. The 5-day average trading volume is 88,321,719 shares of the company’s common stock. It has gained $0.7389 in the past week and touched a new high 2 times within the past 5 days. An average of 69,728,938 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 80,416,984.

SNDL’s 1-month performance is -12.91% or -$0.0993 on its low of $0.6551 reached on 10/01/21. The company’s shares have touched a 52-week low of $0.14 and high of $3.96, with the stock’s rally to the 52-week high happening on 02/11/21. YTD, SNDL has achieved 41.52% or $0.1966 and has reached a new high 9 times. However, the current price is down -83.08%% from the 52-week high price.


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Valuation Metrics

Sundial Growers Inc. (SNDL) has a trailing price-to-earnings (P/E) ratio of 24.12 for the broader industry and 32.48 for the sector, meaning that investors are optimistic about the stock’s future prospects.SNDL stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 38.70 while the price-to-book (PB) in the most recent quarter is 1.20.

Sundial Growers Inc.’s quick ratio for the period ended June 29 was 13.30, with the current ratio over the same period at 13.80 meaning that SNDL stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 8.50%The trailing 12-month EBITDA margin is -156.36%. The firm’s gross profit as reported stood at -$37.23 million against revenue of $45.48 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -24.52% to $60.92 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected SNDL to announce $0 per share in earnings in its latest quarter, but it posted -$0.02. EBITDA for the quarter stood at more than -$63.69 million. SNDL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 64.95 million, with total debt at $1.22 million

Technical Picture

Let’s look briefly at Sundial Growers Inc. (SNDL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 38.88% to suggest the stock is trending Neutral, with historical volatility in this time period at 63.85%.

The stock’s 5-day moving average is $0.6876, reflecting a -0.43% or -$0.0029 change from its current price. SNDL is currently trading -16.14% above its 20-day SMA, -9.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -18.78% and +33.97% respectively.

Stochastic %K and %D was 10.43% and 17.45% and the average true range (ATR) pointed at 0.0358. The RSI (14) points at 40.36%, while the 14-day stochastic is at 15.11% with the period’s ATR at 0.0371. The stock’s 9-day MACD Oscillator is pointing at -0.0143 and -0.0231 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Sundial Growers Inc. (NASDAQ: SNDL), Canaccord Genuity downgraded it to a Sell rating. They previously had a Hold rating on the stock.

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