The stock of SNDL Inc. (NASDAQ:SNDL) increased by $0.04 on Tuesday to finish at $1.54, up 2.67 percent. The last five days have seen an average of 2,827,960 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$0.5500. The average number of shares traded over the last 20 days was 4,013,830, while the average volume over the last 50 days totaled 3,356,110.
SNDL stock dropped -7.78% since last month. On 08/07/23, the company’s shares reached a one-month low of $1.4310. The stock touched a high of $3.36 on 02/02/23, after rallying from a low of $1.25 in 52 weeks. The price of SNDL stock has declined by -26.32% or -$0.5500 this year, reaching a new high 8 times. Still, the stock price is down -54.17% from the 52-week high.
Valuation Metrics
Beta for the stock is 3.64. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.58, the price-to-book (PB) ratio of 0.42.
Financial Health
For the recent quarter, SNDL Inc.’s quick ratio was 2.90, while its current ratio was 4.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.10, and the total debt to equity ratio is 0.13. As far as profitability goes, gross margin for the trailing twelve months is 21.90% percent. SNDL Inc.’s EBITDA margin for the recent year was -1.78%, whereas its operating margin stood at -35.70% for the same period. Based on annual data, it had gross profit of $107.98 million and revenue of $547.82 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SNDL’s return on assets (ROA) during the last 12 months has been -17.80%. There was a -24.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -21.60%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $545.54 million, while revenues rose by 92.12% to $0.0. EBITDA was -$9.82 million for the quarter. At the end of SNDL Inc.’s most recent quarter, its liabilities totaled 181.4 million, while its total debt was $172.12 million.
Technical Picture
Here’s a quick look at SNDL Inc.’s (SNDL) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 44.24%, suggesting the stock is Neutral, with a 85.16% historical volatility rate.
The stochastic %K and %D were 26.37% and 38.36% respectively, while the average true range (ATR) was 0.1099. Based on the 14-day stochastic reading of 16.67%, the RSI (14) reading is 47.44%. On the 9-day MACD Oscillator, the stock is at -0.1089, and the 14-day reading is at -0.1021.
Analyst Ratings
In its most recent analyst report, Canaccord Genuity raised its rating on SNDL Inc. (NASDAQ: SNDL) to a Speculative buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned SNDL Inc. (SNDL) an Buy rating. SNDL is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is SNDL’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.38 and $4.38, with a median target price of $4.38. In analyzing these forecasts, the average price target given by analysts for SNDL Inc. (SNDL) is $4.38.
