Shares of SNDL Inc. (NASDAQ:SNDL - Get Free Report) rose 2% on Thursday . The stock traded as high as $1.29 and last traded at $1.28. Approximately 1,102,764 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 1,953,468 shares. The stock had previously closed at $1.25.
Wall Street Analyst Weigh In
Separately, ATB Capital increased their price target on shares of SNDL from $3.50 to $4.00 in a research report on Wednesday, March 19th.
Get Our Latest Report on SNDL
SNDL Price Performance
The company has a quick ratio of 3.12, a current ratio of 4.62 and a debt-to-equity ratio of 0.10. The business's 50-day simple moving average is $1.30 and its 200 day simple moving average is $1.52. The firm has a market capitalization of $325.85 million, a P/E ratio of -4.28 and a beta of 3.40.
SNDL (NASDAQ:SNDL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.02. The business had revenue of $142.38 million for the quarter, compared to analysts' expectations of $214.60 million. SNDL had a negative net margin of 11.48% and a negative return on equity of 9.02%. Sell-side analysts forecast that SNDL Inc. will post -0.09 earnings per share for the current year.
Institutional Trading of SNDL
Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in shares of SNDL by 36.0% during the fourth quarter. Bank of America Corp DE now owns 264,106 shares of the company's stock valued at $473,000 after purchasing an additional 69,919 shares during the period. Invesco Ltd. raised its holdings in SNDL by 1.3% in the fourth quarter. Invesco Ltd. now owns 806,812 shares of the company's stock worth $1,444,000 after purchasing an additional 10,134 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of SNDL during the fourth quarter valued at $47,000. Tower Research Capital LLC TRC bought a new position in shares of SNDL during the fourth quarter valued at $77,000. Finally, EntryPoint Capital LLC bought a new position in shares of SNDL during the fourth quarter valued at $32,000.
About SNDL
(
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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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