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SNDL Inc (SNDL) Looks Ready for Growth Despite 34.15% Change This Year

SNDL Inc (NASDAQ: SNDL) is 34.15% higher on its value in year-to-date trading and has touched a low of $1.25 and a high of $2.67 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SNDL stock was last observed hovering at around $2.27 in the last trading session, with the day’s loss setting it -0.07%.

Currently trading at $2.20, the stock is 30.24% and 46.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.85 million and changing -3.08% at the moment leaves the stock 41.67% off its SMA200. SNDL registered 42.86% gain for a year compared to 6-month loss of 28.65%. The firm has a 50-day simple moving average (SMA 50) of $0.61 and a 200-day simple moving average (SMA200) of -$5.56.

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The stock witnessed a 65.41% gain in the last 1 month and extending the period to 3 months gives it a 39.24%, and is 9.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.26% over the week and 9.76% over the month.

SNDL Inc (SNDL) has around 2516 employees, a market worth around $578.78M and $691.29M in sales. Fwd P/E is 59.62. Profit margin for the company is -18.45%. Distance from 52-week low is 76.00% and -17.60% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.47%).

SNDL Inc quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $720.15M over the same period.The EPS is expected to grow by 102.30% this year, but quarterly earnings will post 7.70% year-over-year. Quarterly sales are estimated to grow 7.70% in year-over-year returns.

SNDL Inc (SNDL) Top Institutional Holders

114 institutions hold shares in SNDL Inc (SNDL), with institutional investors hold 9.25% of the company’s shares. The shares outstanding are 262.78M, and float is at 261.43M with Short Float at 4.26%. Institutions hold 9.19% of the Float.

The top institutional shareholder in the company is ETF Managers Group, LLC with over 7.22 million shares valued at $11.55 million. The investor’s holdings represent 3.07% of the SNDL Shares outstanding. As of Jun 29, 2023, the second largest holder is Mirae Asset Global Investments Co., Ltd. with 3.25 million shares valued at $4.45 million to account for 1.38% of the shares outstanding. The other top investors are Morgan Stanley which holds 0.82 million shares representing 0.35% and valued at over $1.13 million, while Millennium Management Llc holds 0.33% of the shares totaling 0.78 million with a market value of $1.06 million.

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