During the last session, Sundial Growers Inc. (NASDAQ:SNDL)’s traded shares were 142,000,000, with the beta value of the company hitting 0. At the end of the trading day, the stock’s price was $1, reflecting an intraday loss of -1.96% or -$0.02. The 52-week high for the SNDL share is $3.96, that puts it down -296% from that peak though still a striking +86.2% gain since the share price plummeted to a 52-week low of $0.138. The company’s market capitalization is $1.66 Billion, and the average intraday trading volume over the past 10 days was 142.18 Million shares, and the average trade volume was 551.09 Million shares over the past three months.
Sundial Growers Inc. (SNDL) received a consensus recommendation of Underweight from analysts. That translates to a mean rating of 3.8. SNDL has a Sell rating from 4 analyst(s) out of 6 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and no one recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.
Sundial Growers Inc. (NASDAQ:SNDL): Trading Information
Sundial Growers Inc. (SNDL) registered a -1.96% downside in the last session and has traded in the red over the past 5 sessions. The stock spiked 17.36% in intraday trading to $1.21 this Wednesday, Mar 31, hitting a weekly high. The stock’s 5-day price performance is -12.28%, and it has moved by -11.89% in 30 days. Despite these dips, the overall price performance for the year is 111.19%. The short interest in Sundial Growers Inc. (NASDAQ:SNDL) is 166.39 Million shares and it means that shorts have 0.3 day(s) to cover.
The consensus price target of analysts on Wall Street is $0.88, which implies a decline of -12% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $0.45 and $1.5 respectively. As a result, SNDL is trading at a discount of 50% off the target high and -55% off the low.
Sundial Growers Inc. (SNDL) projections and forecasts
Statistics show that Sundial Growers Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Sundial Growers Inc. (SNDL) shares have gone up +318.76% during the last six months, with a year-to-date growth rate less than the industry average at -111.54% against 17.2%. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 100% this quarter and then jump 100% in the quarter after that. In the rating firms’ projections, revenue will increase 11.5% compared to the previous financial year.
Revenue for the current quarter is expected to be $10.6 Million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $12.11 Million by the end of June 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $22.42 Million and $15.31 Million respectively. In this case, analysts expect current quarter sales to lessen by -52.7% and then fell by -20.9% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated 0%. While earnings are projected to return -63.7% in 2021, the next five years will return 0% per annum.
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Sundial Growers Inc. (NASDAQ:SNDL)’s Biggest Investors
Sundial Growers Inc. insiders own 0.57% of total outstanding shares while institutional holders control 1.44%, with the float percentage being 1.45%. Susquehanna International Group, LLP is the largest shareholder of the company, while 55 institutions own stock in it. As of Dec 30, 2020, the company held over 6.31 Million shares (or 0.38% of all shares), a total value of $2.99 Million in shares.
The next largest institutional holding, with 4.85 Million shares, is of Millennium Management LLC’s that is approximately 0.29% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $2.3 Million.
Also, the Mutual Funds coming in first place with the largest holdings of Sundial Growers Inc. (SNDL) shares are Global X Fds-The Global X Cannabis ETF and Amplify Seymour Cannabis ETF. Data provided on Feb 27, 2021 indicates that Global X Fds-The Global X Cannabis ETF owns about 9,059,581 shares. This amounts to just over 0.55 percent of the company’s overall shares, with a $12.05 Million market value. The same data shows that the other fund manager holds slightly less at 1.38 Million, or about 0.08% of the stock, which is worth about $1.13 Million.