Analysts Say That SNDL Inc (NASDAQ:SNDL) Is Likely To Make It To 5 In 12 Months

In recent trading session, SNDL Inc (NASDAQ:SNDL) saw 0.99 million shares changing hands at last check today with its beta currently measuring 3.16. Company’s recent per share price level of $2.22 trading at $0.09 or 4.23% at last check today assigns it a market valuation of $586.72M. That most recent trading price of SNDL’s stock is at a discount of -31.98% from its 52-week high price of $2.93 and is indicating a premium of 41.44% from its 52-week low price of $1.30. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.47 million shares which gives us an average trading volume of 4.26 million if we extend that period to 3-months.

For SNDL Inc (SNDL), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

SNDL Inc (NASDAQ:SNDL) trade information

Upright in the green today for gaining 4.23%, in the last five days SNDL remained trading in the green while hitting it’s week-highest on Tuesday, 07/23/24 when the stock touched $2.22 price level, adding 6.33% to its value on the day. SNDL Inc’s shares saw a change of 35.37% in year-to-date performance and have moved 7.25% in past 5-day. SNDL Inc (NASDAQ:SNDL) showed a performance of 16.23% in past 30-days. Number of shares sold short was 10.91 million shares which calculate 4.84 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3.6 to the stock, which implies a rise of 38.33% to its recent value today. Analysts have been projecting 3.25 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would drop -46.4% in reaching the projected high whereas dropping to the targeted low would mean a loss of -46.4% for stock’s current value.

SNDL Inc (SNDL) estimates and forecasts

Statistics highlight that SNDL Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 55.24% of value to its shares in past 6 months, showing an annual growth rate of 96.77% while that of industry is 11.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

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 39.97% during past 5 years.

SNDL Inc (NASDAQ:SNDL)’s Major holders

Insiders are in possession of 0.72% of company’s total shares while institution are holding 14.75 percent of that, with stock having share float percentage of 14.86%. Investors also watch the number of corporate investors in a company very closely, which is 14.75% institutions for SNDL Inc that are currently holding shares of the company.