At the time of writing, SNDL Inc [SNDL] stock is trading at $1.96, down -1.01%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling.
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From an analyst’s perspective:
Previously, Canaccord Genuity upgraded its rating to Speculative Buy on August 16, 2022, and kept the price target unchanged to $5. On May 03, 2022, upgrade upgraded it’s rating to Market Perform and revised its price target to $0.70 on the stock. Canaccord Genuity downgraded its rating to a Sell and increased its price target to $0.65 on March 19, 2021. Cantor Fitzgerald initiated its recommendation with a Neutral. BMO Capital Markets downgraded its rating to Underperform for this stock on March 10, 2021. In a note dated August 17, 2020, CIBC upgraded an Neutral rating on this stock.
For the past year, the stock price of SNDL Inc fluctuated between $1.30 and $2.93. Currently, Wall Street analysts expect the stock to reach $3.95 within the next 12 months. SNDL Inc [NASDAQ: SNDL] shares were valued at $1.96 at the most recent close of the market. An investor can expect a potential return of 101.53% based on the average SNDL price forecast.
Analyzing the SNDL fundamentals
According to SNDL Inc [NASDAQ:SNDL], the company’s sales were 669.45M for trailing twelve months, which represents an -1.96% plunge. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.09 and Total Capital is -0.08.
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 1.9467 points at the first support level, and at 1.9333 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9767, and for the 2nd resistance point, it is at 1.9933.
Ratios To Look Out For
It is important to note that SNDL Inc [NASDAQ:SNDL] has a current ratio of 5.61. Further, the Quick Ratio stands at 4.16, while the Cash Ratio is 2.97. Considering the valuation of this stock, the price to sales ratio is 0.78, the price to book ratio is 0.58.
