SNDL Inc (NASDAQ: SNDL) is -12.29% lower on its value in year-to-date trading and has touched a low of $1.40 and a high of $2.93 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SNDL stock was last observed hovering at around $1.60 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $1.57, the stock is -1.32% and -8.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.91 million and changing -1.87% at the moment leaves the stock -19.25% off its SMA200. SNDL registered 12.14% gain for a year compared to 6-month loss of -26.98%. The firm has a 50-day simple moving average (SMA 50) of $1.719 and a 200-day simple moving average (SMA200) of $1.9442.
The stock witnessed a -12.78% gain in the last 1 month and extending the period to 3 months gives it a -11.80%, and is 1.95% 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 4.47% over the week and 4.08% over the month.
SNDL Inc (SNDL) has around 2516 employees, a market worth around $416.84M and $669.45M in sales. Profit margin for the company is -12.11%. Distance from 52-week low is 12.14% and -46.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.23%).
The EPS is expected to grow by 91.65% this year
146.0 institutions hold shares in SNDL Inc (SNDL), with institutional investors hold 16.34% of the company’s shares. The shares outstanding are 265.40M, and float is at 262.01M with Short Float at 1.45%. Institutions hold 16.29% of the Float.
The top institutional shareholder in the company is TOROSO INVESTMENTS, LLC with over 6.2 million shares valued at $$11.78 million. The investor’s holdings represent 2.3497 of the SNDL Shares outstanding. As of 2024-06-30, the second largest holder is CANNELL CAPITAL LLC with 4.71 million shares valued at $$8.94 million to account for 1.784 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 2.72 million shares representing 1.0295 and valued at over $$5.16 million, while MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. holds 0.7089 of the shares totaling 1.87 million with a market value of $$3.55 million.
