The stock price of Sunopta, Inc. (NASDAQ: STKL) has surged by 1.05 when compared to previous closing price of 6.68, but the company has seen a 5.30% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-09-18 that MINNEAPOLIS–(BUSINESS WIRE)–SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), an innovative and sustainable manufacturer fueling the future of food, is pleased to announce the appointment of David (Dave) Lemmon to its Board of Directors. With over 25 years of experience in business expansion and revenue growth, Dave is a valuable addition to the SunOpta Board. He will also serve as a member of the Compensation Committee and the Corporate Governance Committee. Mr. Lemmon is a.
Is It Worth Investing in Sunopta, Inc. (NASDAQ: STKL) Right Now?
Additionally, the 36-month beta value for STKL is 1.81. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for STKL is 112.18M and currently, short sellers hold a 4.84% ratio of that float. The average trading volume of STKL on September 20, 2024 was 657.85K shares.
STKL’s Market Performance
The stock of Sunopta, Inc. (STKL) has seen a 5.30% increase in the past week, with a 11.02% rise in the past month, and a 25.70% gain in the past quarter. The volatility ratio for the week is 2.91%, and the volatility levels for the past 30 days are at 4.43% for STKL. The simple moving average for the last 20 days is 9.44% for STKL stock, with a simple moving average of 15.30% for the last 200 days.
Analysts’ Opinion of STKL
Many brokerage firms have already submitted their reports for STKL stocks, with DA Davidson repeating the rating for STKL by listing it as a “Buy.” The predicted price for STKL in the upcoming period, according to DA Davidson is $8 based on the research report published on December 08, 2023 of the previous year 2023.
Mizuho, on the other hand, stated in their research note that they expect to see STKL reach a price target of $9. The rating they have provided for STKL stocks is “Buy” according to the report published on October 02nd, 2023.
Stephens gave a rating of “Overweight” to STKL, setting the target price at $10 in the report published on June 23rd of the previous year.
STKL Trading at 16.72% from the 50-Day Moving Average
After a stumble in the market that brought STKL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.07% of loss for the given period.
Volatility was left at 4.43%, however, over the last 30 days, the volatility rate increased by 2.91%, as shares surge +8.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.77% upper at present.
During the last 5 trading sessions, STKL rose by +5.30%, which changed the moving average for the period of 200-days by +31.84% in comparison to the 20-day moving average, which settled at $6.19. In addition, Sunopta, Inc. saw 23.40% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at STKL starting from Clark Bryan P, who sale 42,205 shares at the price of $6.04 back on Aug 28 ’24. After this action, Clark Bryan P now owns 31,210 shares of Sunopta, Inc., valued at $255,083 using the latest closing price.
BRYAN CLARK, the Officer of Sunopta, Inc., proposed sale 42,205 shares at $6.04 during a trade that took place back on Aug 28 ’24, which means that BRYAN CLARK is holding shares at $255,083 based on the most recent closing price.
Stock Fundamentals for STKL
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.16 for the gross margin
The net margin for Sunopta, Inc. stands at -0.23. The total capital return value is set at 0.05. Equity return is now at value -2.92, with -0.93 for asset returns.
Based on Sunopta, Inc. (STKL), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at -0.02. The debt to equity ratio resting at 1.88. The interest coverage ratio of the stock is 1.06.
Currently, EBITDA for the company is 60.07 million with net debt to EBITDA at 6.96. When we switch over and look at the enterprise to sales, we see a ratio of 1.78. The receivables turnover for the company is 9.92for trailing twelve months and the total asset turnover is 0.98. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
Conclusion
In conclusion, Sunopta, Inc. (STKL) has seen better performance in recent times. Analysts have a bullish 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.
