A Technical View of the Sundial Growers Inc. (SNDL)

Sundial Growers Inc. (NASDAQ:SNDL) saw an upside of 5.00% to close Friday at $0.68 after adding $0.03 on the day. The 5-day average trading volume is 109,634,477 shares of the company’s common stock. It has gained $0.7448 in the past week. An average of 83,474,242 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 79,868,539.

SNDL’s 1-month performance is -7.34% or -$0.0517 on its low of $0.6111 reached on 10/06/21. 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 43.70% or $0.2069. However, the current price is down -82.82%% 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 23.00 for the broader industry and 31.93 for the sector.SNDL stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 36.59 while the price-to-book (PB) in the most recent quarter is 1.22.

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. 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 08 October was 50.31% to suggest the stock is trending Neutral, with historical volatility in this time period at 71.64%.

The stock’s 5-day moving average is $0.6468, reflecting a +1.54% or $0.0103 change from its current price. SNDL is currently trading -5.76% above its 20-day SMA, -13.87% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -17.33% and +41.75% respectively.

Stochastic %K and %D was 33.01% and 20.48% and the average true range (ATR) pointed at 0.0410. The RSI (14) points at 46.67%, while the 14-day stochastic is at 51.83% with the period’s ATR at 0.0399. The stock’s 9-day MACD Oscillator is pointing at -0.0062 and -0.0196 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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