The 36-month beta value for SNDL is at 3.20. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SNDL is 262.79M, and currently, shorts hold a 2.20% of that float. The average trading volume for SNDL on October 22, 2024 was 1.89M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
SNDL) stock’s latest price update
The stock of SNDL Inc (NASDAQ: SNDL) has increased by 1.49 when compared to last closing price of 2.01.Despite this, the company has seen a gain of 3.55% in its stock price over the last five trading days. prnewswire.com reported 2024-10-21 that CALGARY, AB, Oct. 21, 2024 /PRNewswire/ – SNDL Inc. (Nasdaq: SNDL) (“SNDL”) and Nova Cannabis Inc. (TSX: NOVC) (“Nova”) are pleased to announce the closing of the previously announced plan of arrangement (the “Arrangement”) pursuant to which SNDL has acquired all of the issued and outstanding common shares in the capital of Nova (“Nova Shares”) not already owned by SNDL, representing approximately 34.8% of the Nova Shares. The Arrangement was approved by at least two-thirds of the holders of Nova Shares (“Nova Shareholders”) and the majority of disinterested Nova Shareholders under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions at a special meeting of the Nova Shareholders on October 16, 2024.
SNDL’s Market Performance
SNDL’s stock has risen by 3.55% in the past week, with a monthly rise of 2.00% and a quarterly drop of -8.31%. The volatility ratio for the week is 1.52% while the volatility levels for the last 30 days are 2.33% for SNDL Inc The simple moving average for the last 20 days is 2.33% for SNDL’s stock, with a simple moving average of 6.50% for the last 200 days.
Analysts’ Opinion of SNDL
Canaccord Genuity, on the other hand, stated in their research note that they expect to see SNDL reach a price target of $5. The rating they have provided for SNDL stocks is “Speculative Buy” according to the report published on August 16th, 2022.
BMO Capital Markets gave a rating of “Market Perform” to SNDL, setting the target price at $0.70 in the report published on May 03rd of the previous year.
SNDL Trading at -0.09% 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 -30.38% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares sank -1.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.25% upper at present.
During the last 5 trading sessions, SNDL rose by +2.28%, which changed the moving average for the period of 200-days by +25.16% in comparison to the 20-day moving average, which settled at $1.99. In addition, SNDL Inc saw 24.39% 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:
- -0.12 for the present operating margin
- 0.24 for the gross margin
The net margin for SNDL Inc stands at -0.12. The total capital return value is set at -0.08. Equity return is now at value -8.82, with -7.34 for asset returns.
Based on SNDL Inc (SNDL), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is -14.6.
Currently, EBITDA for the company is -14.2 million with net debt to EBITDA at -1.25. When we switch over and look at the enterprise to sales, we see a ratio of 0.81. The receivables turnover for the company is 40.78for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.34.
Conclusion
In conclusion, SNDL Inc (SNDL) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
