Sundial Growers Inc. (NASDAQ:SNDL) has a beta value of 0 and has seen 155,000,000 shares traded in the last trading session. The company, currently valued at $1.43 Billion, closed the last trade at $0.86 per share which meant it lost -$0.04 on the day or -3.86% during that session. The SNDL stock price is -360.47% off its 52-week high price of $3.96 and 83.95% above the 52-week low of $0.138. If we look at the company’s 10-day average daily trading volume, we find that it stood at 142.18 Million shares traded. The 3-month trading volume is 551.09 Million shares.
The consensus among analysts is that Sundial Growers Inc. (SNDL) is an Underweight stock at the moment, with a recommendation rating of 3.8. 4 analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 6 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.
Sundial Growers Inc. (NASDAQ:SNDL) trade information
Despite being -3.86% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the SNDL stock price touched $0.9787 or saw a rise of 11.77%. Year-to-date, Sundial Growers Inc. shares have moved 82.37%, while the 5-day performance has seen it change 3.43%. Over the past 30 days, the shares of Sundial Growers Inc. (NASDAQ:SNDL) have changed -24.25%. Short interest in the company has seen 225.07 Million shares shorted with days to cover at 0.41.
Wall Street analysts have a consensus price target for the stock at $0.88, which means that the shares’ value could jump 2.33% from current levels. The projected low price target is $0.45 while the price target rests at a high of $1.5. In that case, then, we find that the current price level is +74.42% off the targeted high while a plunge would see the stock lose -47.67% from current levels.
Sundial Growers Inc. (SNDL) estimates and forecasts
Figures show that Sundial Growers Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +436.67% over the past 6 months, with this year growth rate of 111.54%, compared to 16.6% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 100% and 100% for the next quarter. Revenue growth from the last financial year stood is estimated to be +11.1%.
4 analysts offering their estimates for the company have set an average revenue estimate of $11.28 Million for the current quarter. 4 have an estimated revenue figure of $12.64 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $22.42 Million and $15.31 Million respectively for this quarter and the next, and analysts expect sales will grow by -49.7% for the current quarter and -17.4% for the next.
Earnings growth for 2021 is a modest -63.7%.
Sundial Growers Inc. (NASDAQ:SNDL)’s Major holders
Insiders own 0.57% of the company shares, while shares held by institutions stand at 1.74% with a share float percentage of 1.75%. Investors are also buoyed by the number of investors in a company, with Sundial Growers Inc. having a total of 81 institutions that hold shares in the company. The top two institutional holders are Susquehanna International Group, LLP with over 6.31 Million shares worth more than $2.99 Million. As of December 30, 2020, Susquehanna International Group, LLP held 0.38% of shares outstanding.
The other major institutional holder is Millennium Management LLC, with the holding of over 4.85 Million shares as of December 30, 2020. The firm’s total holdings are worth over $2.3 Million and represent 0.29% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Global X Fds-The Global X Cannabis ETF and Tidal ETF Tr-SoFI 50 ETF. As of March 30, 2021, the former fund manager holds about 0.55% shares in the company for having 9059581 shares of worth $10.24 Million while later fund manager owns 217.46 Thousand shares of worth $245.73 Thousand as of March 30, 2021, which makes it owner of about 0.01% of company’s outstanding stock.