In last trading session, Sundial Growers Inc. (NASDAQ:SNDL) saw 106,000,000 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $0.26 trading at $0 or 1.51% at ring of the bell on the day assigns it a market valuation of $115.38 Million. That closing price of SNDL’s stock is at a discount of -1392.31% from its 52-week high price of $3.88 and is indicating a premium of 46.92% from its 52-week low price of $0.138. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 258.07 Million shares which gives us an average trading volume of 62.1 Million if we extend that period to 3-months.
For Sundial Growers Inc. (SNDL), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3. Splitting up the data highlights that, out of 6 analysts covering the stock, 1 rated the stock as a Sell while none recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas none see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.06 in the current quarter.
Sundial Growers Inc. (NASDAQ:SNDL) trade information
Upright in the green today for gaining 1.51%, in the last five days SNDL remained trading in the green while hitting it’s week-highest on Friday, Nov 13 when the stock touched $0.3155 price level, adding 16.64% to its value on the day. Sundial Growers Inc.’s shares saw a change of -91.26% in year-to-date performance and have moved -7.3% in past 5-day. Sundial Growers Inc. (NASDAQ:SNDL) showed a performance of 36.27% in past 30-days. Number of shares sold short was 7.09 Million shares which calculate 0.11 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $0.3 to the stock, which implies a rise of 15.38% to its current value. Analysts have been projecting $0.2 as a low price target for the stock while placing it at a high target of $0.4. It follows that stock’s current price would jump +53.85% in reaching the projected high whereas dropping to the targeted low would mean a loss of -23.08% for stock’s current value.
Sundial Growers Inc. (SNDL) estimates and forecasts
Statistics highlight that Sundial Growers Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -68.88% of value to its shares in past 6 months, showing an annual growth rate of -88.33% while that of industry is 15.6. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 94.1% in the current quarter and calculating 80% increase in the next quarter. This year revenue growth is estimated to drop -2.5% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $11.65 Million for the same. And 4 analysts are in estimates of company making revenue of $14.1 Million in the next quarter that will end in March 01, 2021. Company posted $15.86 Million and $22.42 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -26.6% while estimating it to be -37.1% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -275.5% while estimates for its earnings growth in next 5 years are of 0%
Sundial Growers Inc. (NASDAQ:SNDL)’s Major holders
Insiders are in possession of 2.83% of company’s total shares while institution are holding 5.32% percent of that, with stock having share float percentage of 5.47%. Investors also watch the number of corporate investors in a company very closely, which is 34 institutions for Sundial Growers Inc. that are currently holding shares of the company. Hudson Bay Capital Management LP is the top institutional holder at SNDL for having 13.02 Million shares of worth $3.13 Million. And as of September 29, 2020, it was holding 12.27% of the company’s outstanding shares.
The second largest institutional holder is ETF Managers Group, LLC, which was holding about 3.95 Million shares on September 29, 2020. The number of shares represents firm’s hold over 3.72% of outstanding shares, having a total worth of $949.86 Thousand.
On the other hand, ETF Managers Tr-EFTMG Alternative Harvest ETF and Global X Fds-The Global X Cannabis ETF are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 7312453 shares of worth $5.84 Million or 6.89% of the total outstanding shares. The later fund manager was in possession of 385.93 Thousand shares on September 29, 2020, making its stake of worth around $92.85 Thousand in the company or a holder of 0.36% of company’s stock.