What Technical Indicators Show About Sundial Growers Inc. (SNDL)?

Sundial Growers Inc. (NASDAQ:SNDL) trading with an addition of $0.02 to $0.68 on Thursday, an upside of 2.10 percent. An average of 88,112,555 shares of common stock have been traded in the last five days. There was a gain of $0.0285 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 83,154,797 shares traded, while the 50-day average volume stands at 78,677,547.

SNDL stock has decreased by -6.72% in the last month. The company shares reached their 1-month lowest point of $0.6111 on 10/06/21. 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. It has reached a new high 9 times so far this year and achieved 39.92% or $0.2030 in price. In spite of this, the price is down -82.92% 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 32.80 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 35.63, the price-to-book (PB) ratio at 1.18.

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.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$239.68 million in the quarter, while revenues were shrunk -13.26%. The analyst consensus anticipated Sundial Growers Inc.’s latest quarter earnings to come in at $0 per share, but it turned out to be -$0.02. For the quarter, EBITDA amounted to -$63.69 million.

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 13 October was 50.35%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.99%.

As of today, SNDL’s price is $0.6715 +4.40% or $0.0285 from its 5-day moving average. SNDL is currently trading -5.95% lower than its 20-day SMA and -5.82% lower than its 100-day SMA. However, the stock’s current price level is -13.39% below the SMA50 and +46.43% above the SMA200.

The stochastic %K and %D were 42.03% and 43.31%, respectively, and the average true range (ATR) was 0.0364. With the 14-day stochastic at 48.92% and the average true range at 0.0371, the RSI (14) stands at 46.84%. The stock has reached 0.0105 on the 9-day MACD Oscillator while the 14-day reading was at -0.0005.

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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