At the time of writing, SNDL Inc [SNDL] stock is trading at $1.49, up 6.43%. An important factor to consider is whether the stock is rising or falling in short-term value. The SNDL shares have gain 12.03% over the last week, with a monthly amount glided 4.20%, and seem to be holding up well over a long-time horizon.
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On 1, March 2024, SNDL to Announce Year End and Fourth Quarter 2023 Financial Results on March 21, 2024. In a post published today on Yahoo Finance, SNDL Inc. (Nasdaq: SNDL) (“SNDL”) announced today that it will release its year end and fourth quarter financial results ended December 31, 2023, before the market opens on March 21, 2024.
From an analyst’s perspective:
SNDL Inc [NASDAQ: SNDL] stock has seen the most recent analyst activity on August 16, 2022, when Canaccord Genuity upgraded its rating to a Speculative Buy but kept the price target unchanged to $5 for it. Previously, BMO Capital Markets upgraded its rating to Market Perform on May 03, 2022, and elevated its price target to $0.70. On March 19, 2021, downgrade downgraded it’s rating to Sell and revised its price target to $0.65 on the stock. Cantor Fitzgerald started tracking the stock assigning a Neutral rating. BMO Capital Markets downgraded its rating to a Underperform. CIBC upgraded its rating to Neutral for this stock on August 17, 2020. In a note dated June 29, 2020, BMO Capital Markets upgraded an Market Perform rating on this stock but restated the target price of $1.
For the past year, the stock price of SNDL Inc fluctuated between $1.25 and $2.36. Currently, Wall Street analysts expect the stock to reach $4.3 within the next 12 months. SNDL Inc [NASDAQ: SNDL] shares were valued at $1.49 at the most recent close of the market. An investor can expect a potential return of 188.59% based on the average SNDL price forecast.
Analyzing the SNDL fundamentals
According to SNDL Inc [NASDAQ:SNDL], the company’s sales were 685.96M for trailing twelve months, which represents an 0.38% jump. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.27%, and Net Profit Margin reading is -0.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -0.2 and Total Capital is -0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.4067 points at the first support level, and at 1.3233 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5467, and for the 2nd resistance point, it is at 1.6033.
SNDL Inc [SNDL] reported earnings per share of -$0.31 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.03/share, meaning a difference of -$0.28 and a surprise factor of -933.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were -$0.23 per share as compared to estimates of $0.03 per share, a difference of -$0.26 representing a surprise of -866.70%.
Ratios To Look Out For
It is important to note that SNDL Inc [NASDAQ:SNDL] has a current ratio of 4.33. On the other hand, the Quick Ratio is 2.87, and the Cash Ratio is 2.06. Considering the valuation of this stock, the price to sales ratio is 0.57, the price to book ratio is 0.40.
