SNDL Inc (NASDAQ:SNDL) shares, rose in value, with the stock price up by 22.55% to the previous day’s close as strong demand from buyers drove the stock to $2.50.
Actively observing the price movement in the last trading, the stock closed the session at $2.04. The value of beta (5-year monthly) was 3.36. Referring to stock’s 52-week performance, its high was $2.36, and the low was $1.25. On the whole, SNDL has fluctuated by 83.82% over the past month.
With the market capitalization of SNDL Inc currently standing at about $657.70 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 21, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0 for fiscal year $0.01 and then to about $0.04 by fiscal year 2025. Data indicates that the EPS growth is expected to be 102.00% in 2025, while the next year’s EPS growth is forecast to be 300.00%.
Analysts have estimated the company’s revenue for the quarter at $721.11 million, with a low estimate of $709.98 million and a high estimate of $732.23 million. According to the average forecast, sales growth in current quarter could jump up 7.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $721.11 million, representing an increase of 7.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SNDL’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 25% Sell while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SNDL currently trading nearly 57.85% and 70.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 78.78, while the 7-day volatility ratio is showing 13.62% which for the 30-day chart, stands at 8.87%. Furthermore, SNDL Inc (SNDL)’s beta value is 3.40, and its average true range (ATR) is 0.16.
A comparison of SNDL Inc (SNDL) with its peers suggests the former has fared considerably weaker in the market. SNDL showed an intraday change of 22.55% in last session, and over the past year, it grew by 56.25%%.
Data on historical trading for SNDL Inc (NASDAQ:SNDL) indicates that the trading volumes over the past 10 days have averaged 12.89 million and over the past 3 months, they’ve averaged 4.30 million. According to company’s latest data on outstanding shares, there are 262.78 million shares outstanding.
Nearly 0.81% of SNDL Inc’s shares belong to company insiders and institutional investors own 5.52% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.13 million shares as on Mar 15, 2024, resulting in a short ratio of 4.17. According to the data, the short interest in SNDL Inc (SNDL) stood at 4.24% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 9.95 million. The stock has risen by 52.44% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SNDL stock heading into the next quarter.
