SNDL (NASDAQ:SNDL - Get Free Report) posted its 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. The business had revenue of $179.78 million for the quarter, compared to analysts' expectations of $231.50 million. SNDL had a negative net margin of 10.38% and a negative return on equity of 8.47%.
SNDL Price Performance
SNDL stock traded down $0.07 during trading hours on Friday, hitting $1.65. 4,383,324 shares of the stock were exchanged, compared to its average volume of 2,854,412. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.12 and a current ratio of 4.62. The stock has a market capitalization of $433.59 million, a P/E ratio of -6.11 and a beta of 3.57. SNDL has a 12 month low of $1.15 and a 12 month high of $2.40. The business's 50-day moving average is $1.37 and its two-hundred day moving average is $1.48.
Institutional Trading of SNDL
An institutional investor recently bought a new position in SNDL stock. Cubist Systematic Strategies LLC acquired a new position in shares of SNDL Inc. (NASDAQ:SNDL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 92,026 shares of the company's stock, valued at approximately $130,000.
SNDL Company Profile
(
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.
Further Reading

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