SNDL Inc (NASDAQ:SNDL) price on Thursday, April 18, remained unchanged to $1.83.
A look at the stock’s price movement, the close in the last trading session was $1.83. The beta value (5-Year monthly) was 3.41. Turning to its 52-week performance, $2.67 and $1.25 were the 52-week high and 52-week low respectively. Overall, SNDL moved 22.82% over the past month.
SNDL Inc’s market cap currently stands at around $481.44 million, with investors looking forward to this quarter’s earnings report slated for May 13, 2024 – May 17, 2024. Analysts project the company’s earnings per share (EPS) to be $0, which has seen fiscal year 2024 EPS growth forecast to increase to $0.01 and about $0.04 for fiscal year 2025. Per the data, EPS growth is expected to be 102.10% for 2024 and 300.00% for the next financial year.
Analysts have a consensus estimate of $708.31 million for the company’s revenue for the quarter, with a low and high estimate of $697.39 million and $719.24 million respectively. The average forecast suggests up to a 7.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2024 to grow to $708.31 million, representing a 7.70% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that SNDL is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
SNDL’s current price about -8.12% and 12.80% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.26, while 7-day volatility ratio is 8.74% and 11.63% in the 30-day chart. Further, SNDL Inc (SNDL) has a beta value of 3.38, and an average true range (ATR) of 0.18.
If we refocus on SNDL Inc (NASDAQ:SNDL), historical trading data shows that trading volumes averaged 5.48 million over the past 3 months. The company’s latest data on shares outstanding shows there are 262.78 million shares.
The 0.62% of SNDL Inc’s shares are in the hands of company insiders while institutional holders own 5.48% of the company’s shares. Current price change has pushed the stock 11.59% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SNDL stock continues to rise going into the next quarter.
