SunOpta Inc. (NASDAQ:STKL) has a beta value of 1.82 and has seen 508,529 shares traded in the last trading session. The company, currently valued at $809.42 Million, closed the last trade at $9.03 per share which meant it lost -$0.21 on the day or -2.27% during that session. The STKL stock price is -5.09% off its 52-week high price of $9.49 and 85.27% above the 52-week low of $1.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 994.8 Million shares traded. The 3-month trading volume is 645.12 Million shares.
The consensus among analysts is that SunOpta Inc. (STKL) is a Buy stock at the moment, with a recommendation rating of 1.7. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 3 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.02.
SunOpta Inc. (NASDAQ:STKL) trade information
Despite being -2.27% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Nov 18 when the STKL stock price touched $9.49-4 or saw a rise of 4.85%. Year-to-date, SunOpta Inc. shares have moved 261.2%, while the 5-day performance has seen it change 1.92%. Over the past 30 days, the shares of SunOpta Inc. (NASDAQ:STKL) have changed 16.07%. Short interest in the company has seen 782.4 Million shares shorted with days to cover at 1.21.
Wall Street analysts have a consensus price target for the stock at $10.5, which means that the shares’ value could jump 16.28% from current levels. The projected low price target is $9 while the price target rests at a high of $12. In that case, then, we find that the current price level is +32.89% off the targeted high while a plunge would see the stock lose -0.33% from current levels.
SunOpta Inc. (STKL) estimates and forecasts
Figures show that SunOpta Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +116.55% over the past 6 months, with this year growth rate of -94.59%, compared to 14.4% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 133.3% and 400% for the next quarter. Revenue growth from the last financial year stood is estimated to be +7.4%.
3 analysts offering their estimates for the company have set an average revenue estimate of $316.05 Million for the current quarter. 3 have an estimated revenue figure of $350.54 Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $295.8 Million and $335.95 Million respectively for this quarter and the next, and analysts expect sales will grow by 6.8% for the current quarter and 4.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.9% over the past 5 years. Earnings growth for 2020 is a modest +92.1% while over the next 5 years, the company’s earnings are expected to increase by 3.8%.
SunOpta Inc. (NASDAQ:STKL)’s Major holders
Insiders own 3.7% of the company shares, while shares held by institutions stand at 72.24% with a share float percentage of 75.01%. Investors are also buoyed by the number of investors in a company, with SunOpta Inc. having a total of 112 institutions that hold shares in the company. The top two institutional holders are Engaged Capital, LLC with over 9.82 Million shares worth more than $72.9 Million. As of September 29, 2020, Engaged Capital, LLC held 10.95% of shares outstanding.
The other major institutional holder is Ardsley Advisory Partners, with the holding of over 8.38 Million shares as of September 29, 2020. The firm’s total holdings are worth over $62.17 Million and represent 9.34% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are American Beacon Small Cap Value Fd and Fidelity Strategic Advisors Small-Mid Cap Fund. As of July 30, 2020, the former fund manager holds about 3.34% shares in the company for having 2995678 shares of worth $19.71 Million while later fund manager owns 1.21 Million shares of worth $8.2 Million as of August 30, 2020, which makes it owner of about 1.34% of company’s outstanding stock.