SNDL Inc (NASDAQ:SNDL)’s traded shares stood at 3.26 million during the last session, with the company’s beta value hitting 3.20. At the close of trading, the stock’s price was $2.18, to imply an increase of 3.32% or $0.07 in intraday trading. The SNDL share’s 52-week high remains $2.93, putting it -34.4% down since that peak but still an impressive 40.37% since price per share fell to its 52-week low of $1.30. The company has a valuation of $577.87M, with an average of 1.65 million shares in intraday trading volume over the past 10 days and average of 1.80 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for SNDL Inc (SNDL), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give SNDL a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.04.
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SNDL Inc (NASDAQ:SNDL) trade information
After registering a 3.32% upside in the last session, SNDL Inc (SNDL) has traded red over the past five days. The 5-day price performance for the stock is 7.92%, and 7.92% over 30 days. With these gigs, the year-to-date price performance is 32.93%. Short interest in SNDL Inc (NASDAQ:SNDL) saw shorts transact 5.79 million shares and set a 3.54 days time to cover.
The extremes give us $3.25 and $5 for target low and target high price respectively. As such, SNDL has been trading -129.36% off suggested target high and -49.08% from its likely low.
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 8.46% up over the last 6 months, with its year-to-date growth rate higher than industry average at 74.19% against 11.50%. The rating firms project that company’s revenue will grow 0.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 167.74M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 176.41M.
SNDL Dividends
SNDL Inc has its next earnings report out on 2024-Nov-05. 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 (NASDAQ:SNDL)’s Major holders
SNDL Inc insiders hold 0.29% of total outstanding shares, with institutional holders owning 14.41% of the shares at 14.45% float percentage. In total, 14.41% institutions holds shares in the company.
We also have Amplify ETF Tr-Amplify Alternative Harvest ETF and AdvisorShares Trust-AdvisorShares Pure Cannabis ETF as the top two Mutual Funds with the largest holdings of the SNDL Inc (SNDL) shares. Going by data provided on Jun 30, 2024 , Amplify ETF Tr-Amplify Alternative Harvest ETF holds roughly 6.2 shares. This is just over 2.64% of the total shares, with a market valuation of $13.51 million. Data from the same date shows that the other fund manager holds a little less at 1.26, or 0.54% of the shares, all valued at about 2.75 million.
