SNDL Inc. (NASDAQ:SNDL - Free Report) - Equities research analysts at Atb Cap Markets reduced their FY2024 earnings per share (EPS) estimates for shares of SNDL in a report issued on Tuesday, November 5th. Atb Cap Markets analyst F. Gomes now forecasts that the company will earn ($0.09) per share for the year, down from their prior forecast of ($0.08). The consensus estimate for SNDL's current full-year earnings is ($0.08) per share. Atb Cap Markets also issued estimates for SNDL's Q4 2024 earnings at ($0.01) EPS and FY2025 earnings at ($0.01) EPS.
Separately, Canaccord Genuity Group initiated coverage on SNDL in a report on Wednesday, July 17th. They issued a "speculative buy" rating and a $3.25 price target for the company.
Read Our Latest Stock Analysis on SNDL
SNDL Price Performance
NASDAQ SNDL traded down $0.08 on Friday, reaching $1.98. The company had a trading volume of 3,225,842 shares, compared to its average volume of 3,777,629. SNDL has a 1 year low of $1.30 and a 1 year high of $2.93. The firm has a 50-day moving average of $2.05 and a 200-day moving average of $2.11. The company has a quick ratio of 2.98, a current ratio of 5.61 and a debt-to-equity ratio of 0.10.
Institutional Trading of SNDL
Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of SNDL during the third quarter worth approximately $33,000. Jeppson Wealth Management LLC acquired a new stake in shares of SNDL during the second quarter worth approximately $38,000. RMR Capital Management LLC acquired a new stake in shares of SNDL during the third quarter worth approximately $103,000. Concurrent Investment Advisors LLC acquired a new stake in shares of SNDL during the first quarter worth approximately $120,000. Finally, Magnus Financial Group LLC acquired a new stake in shares of SNDL during the second quarter worth approximately $228,000.
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.
Further Reading
Before you consider SNDL, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SNDL wasn't on the list.
While SNDL currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
