SNDL (NASDAQ:SNDL - Get Free Report) had its price target raised by equities research analysts at ATB Capital from $3.50 to $4.00 in a report released on Wednesday,BayStreet.CA reports. ATB Capital's price objective would indicate a potential upside of 153.16% from the company's previous close.
SNDL Price Performance
Shares of SNDL stock traded up $0.01 on Wednesday, hitting $1.58. The company's stock had a trading volume of 1,284,171 shares, compared to its average volume of 3,209,268. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.16 and a current ratio of 5.61. The company has a market capitalization of $415.19 million, a price-to-earnings ratio of -5.10 and a beta of 3.39. The firm has a fifty day moving average price of $1.70 and a 200-day moving average price of $1.88. SNDL has a 1 year low of $1.48 and a 1 year high of $2.93.
SNDL (NASDAQ:SNDL - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.18). The company had revenue of $179.06 million for the quarter, compared to analyst estimates of $248.10 million. SNDL had a negative return on equity of 8.27% and a negative net margin of 12.11%. As a group, sell-side analysts anticipate that SNDL will post -0.09 earnings per share for the current fiscal year.
Hedge Funds Weigh In On SNDL
Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp increased its holdings in SNDL by 1.5% in the 3rd quarter. State Street Corp now owns 353,107 shares of the company's stock valued at $727,000 after purchasing an additional 5,246 shares during the last quarter. Newman Dignan & Sheerar Inc. raised its position in shares of SNDL by 18.4% during the 4th quarter. Newman Dignan & Sheerar Inc. now owns 64,420 shares of the company's stock worth $115,000 after acquiring an additional 10,000 shares in the last quarter. Invesco Ltd. lifted its position in shares of SNDL by 1.3% during the 4th quarter. Invesco Ltd. now owns 806,812 shares of the company's stock worth $1,444,000 after buying an additional 10,134 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in SNDL in the fourth quarter valued at $25,000. Finally, Graham Capital Management L.P. grew its stake in SNDL by 11.6% during the 4th quarter. Graham Capital Management L.P. now owns 138,827 shares of the company's stock worth $248,000 after buying an additional 14,461 shares during the last quarter.
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.
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