Sundial Growers Inc. (NASDAQ:SNDL) has a beta value of 0 and has seen 4,860,946 shares traded in the recent trading session. The company, currently valued at $39.79 Million, closed the recent trade at $0.27 per share which meant it lost -$0.01 on the day or -4.08% during that session. The SNDL stock price is -3214.81% off its 52-week high price of $8.95 and 7.04% above the 52-week low of $0.251. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.31 Million shares traded. The 3-month trading volume is 6.3 Million shares.
The consensus among analysts is that Sundial Growers Inc. (SNDL) is a Hold stock at the moment, with a recommendation rating of 3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 4 out of 4 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.11.
Sundial Growers Inc. (NASDAQ:SNDL) trade information
Despite being -4.08% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Sep 09 when the SNDL stock price touched $0.333 or saw a rise of 19.34%. Year-to-date, Sundial Growers Inc. shares have moved -91.08%, while the 5-day performance has seen it change -13.19%. Over the past 30 days, the shares of Sundial Growers Inc. (NASDAQ:SNDL) have changed -40.24%. Short interest in the company has seen 6.15 Million shares shorted with days to cover at 0.98.
Wall Street analysts have a consensus price target for the stock at $0.68, which means that the shares’ value could jump 151.85% from current levels. The projected low price target is $0.5 while the price target rests at a high of $1. In that case, then, we find that the current price level is +270.37% off the targeted high while a plunge would see the stock lose 85.19% from current levels.
Sundial Growers Inc. (SNDL) estimates and forecasts
Figures show that Sundial Growers Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -58.53% over the past 6 months. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 89.6% and 89.2% for the next quarter. Revenue growth from the last financial year stood is estimated to be +19.9%.
3 analysts offering their estimates for the company have set an average revenue estimate of $17.72 Million for the current quarter. 3 have an estimated revenue figure of $20.88 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $33.51 Million and $15.86 Million respectively for this quarter and the next, and analysts expect sales will grow by -47.1% for the current quarter and 31.6% for the next.
Earnings growth for 2020 is a modest -275.5%.
Sundial Growers Inc. (NASDAQ:SNDL)’s Major holders
Insiders own 35.25% of the company shares, while shares held by institutions stand at 14.16% with a share float percentage of 21.87%. Investors are also buoyed by the number of investors in a company, with Sundial Growers Inc. having a total of 37 institutions that hold shares in the company. The top two institutional holders are ETF Managers Group, LLC with over 7.29 Million shares worth more than $5.82 Million. As of June 29, 2020, ETF Managers Group, LLC held 6.87% of shares outstanding.
The other major institutional holder is Arrowgrass Capital Partners LLP, with the holding of over 1.11 Million shares as of June 29, 2020. The firm’s total holdings are worth over $884.17 Thousand and represent 1.04% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ETF Managers Tr-EFTMG Alternative Harvest ETF and Global X Fds-The Global X Cannabis ETF. As of June 29, 2020, the former fund manager holds about 6.89% shares in the company for having 7312453 shares of worth $5.84 Million while later fund manager owns 198.16 Thousand shares of worth $158.33 Thousand as of June 29, 2020, which makes it owner of about 0.19% of company’s outstanding stock.