Additionally, the 36-month beta value for SNDL is 3.38. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SNDL is 261.44M and currently, short sellers hold a 3.98% ratio of that float. The average trading volume of SNDL on April 15, 2024 was 5.41M shares.
SNDL) stock’s latest price update
The stock price of SNDL Inc (NASDAQ: SNDL) has plunged by -0.98 when compared to previous closing price of 2.00, but the company has seen a -12.75% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that SNDL Inc. (SNDL) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, SNDL’s 50-day simple moving average crossed above its 200-day simple moving average, known as a “golden cross.
SNDL’s Market Performance
SNDL’s stock has fallen by -12.75% in the past week, with a monthly rise of 51.18% and a quarterly rise of 33.82%. The volatility ratio for the week is 9.99% while the volatility levels for the last 30 days are 11.28% for SNDL Inc The simple moving average for the past 20 days is 2.92% for SNDL’s stock, with a 25.61% simple moving average for the past 200 days.
Analysts’ Opinion of SNDL
Many brokerage firms have already submitted their reports for SNDL stocks, with Canaccord Genuity repeating the rating for SNDL by listing it as a “Speculative Buy.” The predicted price for SNDL in the upcoming period, according to Canaccord Genuity is $5 based on the research report published on August 16, 2022 of the previous year 2022.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see SNDL reach a price target of $0.70, previously predicting the price at $0.60. The rating they have provided for SNDL stocks is “Market Perform” according to the report published on May 03rd, 2022.
Canaccord Genuity gave a rating of “Sell” to SNDL, setting the target price at $0.65 in the report published on March 19th of the previous year.
SNDL Trading at 24.61% from the 50-Day Moving Average
After a stumble in the market that brought SNDL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.82% of loss for the given period.
Volatility was left at 11.28%, however, over the last 30 days, the volatility rate increased by 9.99%, as shares surge +41.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +42.81% upper at present.
During the last 5 trading sessions, SNDL fell by -12.56%, which changed the moving average for the period of 200-days by +48.13% in comparison to the 20-day moving average, which settled at $1.95. In addition, SNDL Inc saw 20.76% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SNDL
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.2 for the gross margin
The net margin for SNDL Inc stands at -0.19. The total capital return value is set at -0.12. Equity return is now at value -13.18, with -10.95 for asset returns.
Based on SNDL Inc (SNDL), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at -0.1. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is -21.34.
Currently, EBITDA for the company is -14.2 million with net debt to EBITDA at 1.97. When we switch over and look at the enterprise to sales, we see a ratio of 0.74. The receivables turnover for the company is 34.48for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.94.
Conclusion
In conclusion, SNDL Inc (SNDL) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
