SNDL Inc. (NASDAQ:SNDL) finished Thursday with a subtraction of -$0.17 to close at $1.55, a downside of -9.88 percent. An average of 4,333,120 shares of common stock have been traded in the last five days. There was a fall of -$0.2200 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 4,182,345 shares traded, while the 50-day average volume stands at 3,377,676.
SNDL stock has increased by 4.73% in the last month. The company shares reached their 1-month lowest point of $1.3700 on 07/25/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $1.25 and a high of $3.36 in 52 weeks. It has reached a new high 8 times so far this year and lost -25.84% or -$0.5400 in price. In spite of this, the price is down -53.87% from the 52-week high.
Valuation Metrics
SNDL Inc. (SNDL) stock’s beta is 3.60. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.58, the price-to-book (PB) ratio at 0.42.
Financial Health
The quick ratio of SNDL Inc. for the three months ended September 29 was 2.90, and the current ratio was 4.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.10 and a total debt to equity ratio of 0.13 for the quarter ending September 29. SNDL Inc.’s EBITDA margin for the year ending September 29 is -1.78%, while its operating margin for the same period stands at -35.70%. Its gross profit as reported stood at $107.98 million compared to revenue of $547.82 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, SNDL Inc.’s return on assets was -17.80%.
Earnings Surprise
For the three-month period that ended September 29, SNDL Inc. had $2.08 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$256.7 million in the quarter, while revenues were grew 31.25%. The analyst consensus anticipated SNDL Inc.’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be -$0.31, a -933.30% surprise. For the quarter, EBITDA amounted to -$9.82 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at SNDL Inc. (SNDL) price momentum. RSI 9-day as of the close on 24 August was 43.40%, suggesting the stock is Neutral, with historical volatility in this time frame at 101.37%.
As of today, SNDL’s price is $1.6900 -12.43% or -$0.2200 from its 5-day moving average. SNDL is currently trading +5.44% higher than its 20-day SMA and -3.13% lower than its 100-day SMA. However, the stock’s current price level is +7.64% above the SMA50 and -33.19% below the SMA200.
The stochastic %K and %D were 57.62% and 64.96%, respectively, and the average true range (ATR) was 0.1236. With the 14-day stochastic at 29.10% and the average true range at 0.1155, the RSI (14) stands at 47.52%. The stock has reached -0.0211 on the 9-day MACD Oscillator while the 14-day reading was at 0.0160.
Analyst Ratings
Canaccord Genuity upgraded SNDL Inc. (NASDAQ: SNDL) to a a Speculative buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.
