You Should Know These Things About Sundial Growers Inc. (SNDL)

As of Thursday close, Sundial Growers Inc.’s (NASDAQ:SNDL) stock was up $0.07, moving up 2.85 percent to $2.53. The average number of shares traded per day over the past five days has been 7,550,840 shares. 5 times new highs have been achieved over the past 5 days, with a $0.21 gain in that time frame. In the last twenty days, the average volume was 8,127,443, while in the previous 50 days, it was 6,687,213.

Since last month, SNDL stock retreated -27.11%. Shares of the company fell to $2.12 on 07/26/22, the lowest level in the past month. A 52-week high of $9.60 was reached on 03/25/22 after having rallying from a 52-week low of $2.12. Since the beginning of this year, SNDL’s stock price has dropped by -56.25% or -$3.25, and marked a new high 6 times. However, the stock has declined by -73.65% since its 52-week high.


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Financial Health

In the three months ended March 30, Sundial Growers Inc.’s quick ratio stood at 4.70, while its current ratio was 6.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.15, and the total debt-to-equity ratio was 0.17. On the profitability front, the trailing twelve-month gross margin is 19.40% percent. Based on annual data, SNDL earned -$5.58 million in gross profit and brought in $44.78 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -11.80%. Return on equity (ROE) for the past 12 months was -9.60%.

In Sundial Growers Inc.’s quarter-end financial report for March 30, it reported total debt of $3.45 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SNDL’s revenue fell -41.71% during the quarter, while net income inched up to $42.99 million. While analysts expected Sundial Growers Inc. to report $0 quarterly earnings, the actual figure was -$0.16 per share. During the quarter, the company generated -$8.66 million in EBITDA. The liabilities of Sundial Growers Inc. were 287.17 million at the end of its most recent quarter ended March 30, and its total debt was $266.43 million.

Technical Picture

This quick technical analysis looks at Sundial Growers Inc.’s (SNDL) price momentum. With a historical volatility rate of 144.66%, the RSI 9-day stood at 39.54% on 04 August.

With respect to its five-day moving average, the current Sundial Growers Inc. price is up by +9.05% percent or $0.21. At present, SNDL shares trade -29.53% below its 20-day simple moving average and -46.74% percent below its 100-day simple moving average. However, the stock is currently trading approximately -36.97% below its SMA50 and -61.15% below its SMA200.

Stochastic coefficient K was 24.42% and Stochastic coefficient D was 19.12%, while ATR was 0.25. Given the Stochastic reading of 27.55% for the 14-day period, the RSI (14) reading has been calculated as 38.40%. As of today, the MACD Oscillator reading stands at 0.05, while the 14-day reading stands at -0.26.

Analyst Ratings

BMO Capital Markets upgraded its rating on Sundial Growers Inc. (NASDAQ: SNDL) to a Market perform in a note to investors on May 03, 2022. The analysts firm previously had an Underperform rating on the stock.Sundial Growers Inc. (SNDL) has been rated Hold by analysts. According to 0 brokerage firms, SNDL is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Sundial Growers Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $6.42, the current consensus forecast for the stock is $6.27 – $10.29. Based on these forecasts, analysts predict Sundial Growers Inc. (SNDL) will achieve an average price target of $7.66.

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