Are You Looking To Buy Sundial Growers Inc. (SNDL)? First, Read This

Sundial Growers Inc. (NASDAQ:SNDL) finished Tuesday with an addition of $0.01 to close at $0.64, an upside of 1.62 percent. An average of 80,570,820 shares of common stock have been traded in the last five days. There was a fall of -$0.0457 in the past week. The last 20 days have seen an average of 73,444,133 shares traded, while the 50-day average volume stands at 80,327,359.

SNDL stock has decreased by -17.38% in the last month. The company shares reached their 1-month lowest point of $0.6300 on 10/05/21. With the stock rallying to its 52-week high on 02/11/21, shares of the company touched a low of $0.14 and a high of $3.96 in 52 weeks. In spite of this, the price is down -83.82% from the 52-week high.

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Valuation Metrics

Sundial Growers Inc. (SNDL) has a trailing price-to-earnings (P/E) ratio of 23.00 for the broader industry and 31.87 for the sector. This means investors are optimistic about the stock’s future prospects. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 37.00, the price-to-book (PB) ratio at 1.14.

The quick ratio of Sundial Growers Inc. for the three months ended June 29 was 13.30, and the current ratio was 13.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Sundial Growers Inc.’s EBITDA margin for the year ending June 29 is -156.36%. Its gross profit as reported stood at -$37.23 million compared to revenue of $45.48 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sundial Growers Inc.’s return on assets was -41.80%. For the broader industry, ROE averaged -15.50 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Sundial Growers Inc. (SNDL) price momentum. RSI 9-day as of the close on 05 October was 34.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 65.13%.

As of today, SNDL’s price is $0.6591 -6.66% or -$0.0457 from its 5-day moving average. SNDL is currently trading -15.10% lower than its 20-day SMA and -7.16% lower than its 100-day SMA. However, the stock’s current price level is -21.67% below the SMA50 and +45.96% above the SMA200.

The stochastic %K and %D were 8.40% and 9.02%, respectively, and the average true range (ATR) was 0.0352. With the 14-day stochastic at 9.73% and the average true range at 0.0365, the RSI (14) stands at 37.29%. The stock has reached -0.0289 on the 9-day MACD Oscillator while the 14-day reading was at -0.0388.

Analyst Ratings

Canaccord Genuity downgraded Sundial Growers Inc. (NASDAQ: SNDL) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a a Hold.


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