SNDL Inc (NASDAQ:SNDL) price closed higher on Monday, May 06, jumping 5.11% above its previous close.
A look at the daily price movement shows that the last close reads $2.35. The company’s 5Y monthly beta was ticking 3.41. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.67 and 52-week low of $1.25. The stock added 12.27% on its value in the past month.
SNDL Inc, which has a market valuation of $649.81 million, is expected to release its quarterly earnings report May 13, 2024 – May 17, 2024.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give SNDL a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 75% Buy.
The overview shows that SNDL’s price is at present 19.96% off the SMA20 and 38.07% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 64.58, with weekly volatility standing at 14.20%. The indicator jumps to 9.41% when calculated based on the past 30 days. SNDL Inc (NASDAQ:SNDL)’s beta value is holding at 3.27, while the average true range (ATR) indicator is currently reading 0.20.
An analysis of the SNDL Inc (NASDAQ:SNDL) stock in terms of its daily trading volume indicates that the 3-month average is 6.13 million.
Current records show that the company has 262.78M in outstanding shares. The insiders’ percentage holdings are 0.62% of outstanding shares while the percentage share held by institutions stands at 4.82%. But the 50.61% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
