SNDL Inc. (NASDAQ:SNDL) saw a downside of -9.39% to close Monday at $1.64 after subtracting -$0.17 on the day. The 5-day average trading volume is 6,603,520 shares of the company’s common stock. It has gained $1.8400 in the past week and touched a new high 4 times within the past 5 days. An average of 4,347,410 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,310,762.
SNDL’s 1-month performance is 17.99% or $0.2500 on its low of $1.3600 reached on 07/24/23. The company’s shares have touched a 52-week low of $1.25 and high of $3.36, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, SNDL has lost -21.53% or -$0.4500 and has reached a new high 8 times. However, the current price is down -51.19% from the 52-week high price.
Valuation Metrics
SNDL stock has a beta of 3.54. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.62 while the price-to-book (PB) in the most recent quarter is 0.44.
SNDL Inc.’s quick ratio for the period ended September 29 was 2.90, with the current ratio over the same period at 4.50. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.10, while the total debt to equity was 0.13. In terms of profitability, the gross margin trailing 12 months is 21.90%. The trailing 12-month EBITDA margin is -1.78% while for the period ending September 29, SNDL Inc.’s operating margin was -35.70%. The firm’s gross profit as reported stood at $107.98 million against revenue of $547.82 million.
Earnings Surprise
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 31.25% to -$256.7 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected SNDL to announce -$0.03 per share in earnings in its latest quarter, but it posted -$0.31, representing a -933.30% surprise. EBITDA for the quarter stood at more than -$9.82 million. SNDL stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 181.4 million, with total debt at $172.12 million.
Let’s look briefly at SNDL Inc. (SNDL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 51.91% to suggest the stock is trending Neutral, with historical volatility in this time period at 82.07%.
The stock’s 5-day moving average is $1.7080, reflecting a -0.61% or -$0.0100 change from its current price. SNDL is currently trading +16.31% above its 20-day SMA, +6.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +13.10% and SMA200 by-31.95%.
Stochastic %K and %D was 76.97% and 83.77% and the average true range (ATR) pointed at 0.1268. The RSI (14) points at 53.87%, while the 14-day stochastic is at 51.10% with the period’s ATR at 0.1157. The stock’s 9-day MACD Oscillator is pointing at 0.0767 and 0.1236 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for SNDL Inc. (NASDAQ: SNDL), Canaccord Genuity upgraded it to a Speculative buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for SNDL stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SNDL as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is SNDL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.38 and a high of $4.38, with their median price target at $4.38. Looking at these predictions, the average price target given by analysts is for SNDL Inc. (SNDL) stock is $4.38.
