Sundial Growers Inc. (NASDAQ: SNDL): Do Not Miss The Gain Train


    1832 Asset Management LP has recently announced that it has increased stake in Sundial Growers Inc. (NASDAQ:SNDL) by 92.32%. After grabbing 0.23 million shares, the institutional investor is now in possession of 0.11 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 0.21% having worth around $0.13 million. Moreover, Global X Management Co. LLC increased its share by 56533.0 to have a control over 0.2 million shares. And Virtu Financial BD LLC raised its holdings to 0.14 million shares by acquiring 0.14 million shares or 0.13% of the stake.

    Sundial Growers Inc. (SNDL) concluded trading on 08/26/20 at a closing price of $0.33, with 6.18 million shares of worth about $2.04 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -19.71% during that period and on Wednesday the price saw a loss of about -3.51%. Currently the company’s common shares owned by public are about 106.61M shares, out of which, 94.10M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the SNDL stock and their offered price forecasts bring an average price target of $0.68. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $1.00 and could fall to a lowest price of $0.50. Analysts also issued an outlook of 3.00 for the Sundial Growers Inc. stock for next 12 months. However, touching the estimated high of $1.00 would mean a gain of 67.0% for the stock.

    ETFMG Alternative Harvest ETF, Horizons Medical Marijuana Life S, and Global X Cannabis ETF are the top 3 mutual funds which are holding stakes in Sundial Growers Inc. ETFMG Alternative Harvest ETF is currently holding 7.11 million shares of worth totaling $4.15 million. The company recently came selling 81728.0 shares which brought its stake up to 6.62% of the company’s outstanding shares. Global X Cannabis ETF, after buying 0.21 million shares, have now control over 0.19% of the stake in the company. It holds 0.0 shares of worth $0.12 million.

    Sundial Growers Inc. (NASDAQ: SNDL) started trading at $0.3364, below -$0.0 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $0.33, or with a loss of -3.51%. Stock saw a price change of -19.71% in past 5 days and over the past one month there was a price change of -48.06%. Year-to-date (YTD), SNDL shares are showing a performance of -89.13% which decreased to -96.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.30 but also hit the highest price of $9.85 during that period. While comparing its average daily trading volume of 5.38 million shares, we see that about 6.18 million changed hands on the day. The stock is currently trading -35.72% below its 20-day simple moving average (SMA20), while that difference is down -52.77% for SMA50 and it goes to -75.79% lower than SMA200.

    1832 Asset Management LP acquired 0.23 million shares of Sundial Growers Inc. having value of about $0.13 million. Data submitted at the U.S SEC by 1832 Asset Management LP revealed that the firm now holds 0.11 million shares in the company valued at close to $36064.05, or have control over 92.32% stake in the company. Sundial Growers Inc. (NASDAQ: SNDL) currently have 106.61M outstanding shares and institutions hold larger chunk of about 11.70% of that. Holding of mutual funds in the company is about 0.75% while other institutional holders and individual stake holders have control over 7.89% and — of the stake respectively.

    The stock has a current market capitalization of $60.14M. It has posted earnings per share of -$2.00 in the same period. It has Quick Ratio of 0.70 while making debt-to-equity ratio of 1.36. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SNDL, volatility over the week remained 13.38% while standing at 13.87% over the month.

    Analysts are in expectations that Sundial Growers Inc. (SNDL) stock would likely to be making an EPS of -$0.11 in the current quarter, while forecast for next quarter ESPS is -$0.11 and it is -$0.2 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.11 which is -$0.11 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -275.50% while it is estimated to increase by 70.10% in next year.

    Analysts at 4 brokerage firms have issued recommendations for the Sundial Growers Inc. (SNDL)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 4 Wall Street analysts, 0 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by CIBC on August 17, 2020 offering a Neutral rating for the stock and assigned a target price of to it. Coverage by BMO Capital Markets stated Sundial Growers Inc. (SNDL) stock as a Market perform in their note to investors on June 29, 2020, suggesting a price target of $1 for the stock. On April 02, 2020, BMO Capital Markets Downgrade their recommendations, while on February 24, 2020, Cowen Downgrade their ratings for the stock with a price target of $1.50. Stock get a Sector underperform rating from CIBC on January 31, 2020.


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