A share price of Sunopta, Inc. [STKL] is currently trading at $6.80, up 0.59%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The STKL shares have gain 1.95% over the last week, with a monthly amount glided 12.96%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, SunOpta Announces Fourth Quarter and Fiscal 2023 Financial Results. In a post published today on Yahoo Finance, Revenue from continuing operations increased 13.7% to $181.6 million, driven by volume growth.
From an analyst’s perspective:
Sunopta, Inc. [NASDAQ: STKL] stock has seen the most recent analyst activity on December 08, 2023, when DA Davidson initiated its Buy rating and assigned the stock a price target of $8. Previously, Mizuho started tracking the stock with Buy rating on October 02, 2023, and set its price target to $9. On June 23, 2023, Stephens initiated with a Overweight rating and assigned a price target of $10 on the stock. Cowen started tracking the stock assigning a Outperform rating and suggested a price target of $15 on September 10, 2021. BMO Capital Markets initiated its recommendation with a Outperform and recommended $15 as its price target on July 09, 2021. Canaccord Genuity started tracking with a Buy rating for this stock on April 13, 2021, and assigned it a price target of $20. In a note dated December 10, 2020, Craig Hallum initiated an Buy rating and provided a target price of $15 on this stock.
Sunopta, Inc. experienced fluctuations in its stock price throughout the past year between $2.79 and $8.58. Currently, Wall Street analysts expect the stock to reach $11.5 within the next 12 months. Sunopta, Inc. [NASDAQ: STKL] shares were valued at $6.80 at the most recent close of the market. An investor can expect a potential return of 69.12% based on the average STKL price forecast.
Analyzing the STKL fundamentals
Trailing Twelve Months sales for Sunopta, Inc. [NASDAQ:STKL] were 765.85M which represents -17.93% decline. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.23%. To continue investigating profitability, this company’s Return on Assets is posted at -0.26, Equity is -0.68 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.69.
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 6.74 points at the first support level, and at 6.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.88, and for the 2nd resistance point, it is at 6.96.
Sunopta, Inc. [STKL] reported earnings per share of $0.05 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.02/share, meaning a difference of $0.03 and a surprise factor of 150.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0 per share as compared to estimates of -$0.01 per share, a difference of $0.01 representing a surprise of 100.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Sunopta, Inc. [NASDAQ:STKL] is 1.19. Also, the Quick Ratio is 0.65, while the Cash Ratio stands at 0.0. Considering the valuation of this stock, the price to sales ratio is 1.03, the price to book ratio is 4.90.
Transactions by insiders
Recent insider trading involved Ennen Joseph, Advisor, that happened on Mar 14 ’24 when 0.15 million shares were sold. CEO, Kocher Brian W completed a deal on Mar 05 ’24 to buy 38000.0 shares. Meanwhile, CEO Kocher Brian W bought 36000.0 shares on Mar 04 ’24.
