SNDL Inc (NASDAQ:SNDL)’s traded shares stood at 14.14 million during the last session, with the company’s beta value hitting 3.42. At the close of trading, the stock’s price was $2.01, to imply a decrease of -8.03% or -$0.17 in intraday trading. The SNDL share’s 52-week high remains $2.36, putting it -17.41% down since that peak but still an impressive 37.81% since price per share fell to its 52-week low of $1.25. The company has a valuation of $527.48M, with an average of 10.7 million shares in intraday trading volume over the past 10 days and average of 4.05 million shares over the past 3 months.
SNDL Inc (NASDAQ:SNDL) trade information
After registering a -8.03% downside in the last session, SNDL Inc (SNDL) has traded red over the past five days. The stock hit a weekly high of 2.19, dropping -8.03% in its intraday price action. The 5-day price performance for the stock is 39.24%, and 45.29% over 30 days. With these gigs, the year-to-date price performance is 22.26%. Short interest in SNDL Inc (NASDAQ:SNDL) saw shorts transact 11.13 million shares and set a 4.17 days time to cover.
SNDL Inc (SNDL) estimates and forecasts
Looking at statistics comparing SNDL Inc share performance against respective industry, we note that the company has outperformed competitors. SNDL Inc (SNDL) shares are 1.78% up over the last 6 months, with its year-to-date growth rate higher than industry average at 83.87% against 16.40%. The rating firms project that company’s revenue will grow 7.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is $720.46 million. Meanwhile, for the quarter ending Mar 2024, a total of 1 analyst(s) estimate revenue growth to $154.04 million.
SNDL Dividends
SNDL Inc has its next earnings report out on March 21. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. SNDL Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
SNDL Inc (NASDAQ:SNDL)’s Major holders
SNDL Inc insiders hold 0.66% of total outstanding shares, with institutional holders owning 9.19% of the shares at 9.25% float percentage. In total, 9.19% institutions holds shares in the company, led by ETF Managers Group, LLC. As of Mar 30, 2023, the company held over 7.22 million shares (or 3.07% of shares), all amounting to roughly $11.55 million.
The next major institution holding the largest number of shares is Mirae Asset Global Investments Co., Ltd. with 3.25 million shares, or about 1.38% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $4.45 million.
We also have ETF Managers Tr-EFTMG Alternative Harvest ETF and Global X Fds-The Global X Cannabis ETF as the top two Mutual Funds with the largest holdings of the SNDL Inc (SNDL) shares. Going by data provided on Jun 29, 2023, ETF Managers Tr-EFTMG Alternative Harvest ETF holds roughly 8.42 million shares. This is just over 3.58% of the total shares, with a market valuation of $11.54 million. Data from the same date shows that the other fund manager holds a little less at 3.76 million, or 1.60% of the shares, all valued at about 7.14 million.
