SNDL (NASDAQ:SNDL - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.05, Zacks reports. SNDL had a negative return on equity of 8.58% and a negative net margin of 10.38%. The business had revenue of $179.78 million during the quarter, compared to analyst estimates of $231.50 million.
SNDL Stock Up 1.8%
NASDAQ SNDL traded up $0.03 during trading on Wednesday, reaching $1.69. 2,477,348 shares of the company's stock were exchanged, compared to its average volume of 1,921,892. SNDL has a fifty-two week low of $1.15 and a fifty-two week high of $2.40. The company's fifty day simple moving average is $1.38 and its 200-day simple moving average is $1.48. The company has a current ratio of 5.03, a quick ratio of 3.36 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $444.10 million, a PE ratio of -6.26 and a beta of 3.57.
Institutional Investors Weigh In On SNDL
An institutional investor recently bought a new position in SNDL stock. Cubist Systematic Strategies LLC acquired a new stake in SNDL Inc. (NASDAQ:SNDL - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 92,026 shares of the company's stock, valued at approximately $130,000.
About SNDL
(
Get Free Report)
SNDL Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.
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