Better Times Ahead For Sunopta, Inc. (NASDAQ: STKL)?

Sunopta, Inc. (STKL) concluded trading on Wednesday at a closing price of $6.01, with 3.02 million shares of worth about $18.15 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.21% during that period and on October 16, 2024 the price saw a loss of about -5.50%. Currently the company’s common shares owned by public are about 115.95M shares, out of which, 112.18M shares are available for trading.

Stock saw a price change of -3.38% in past 5 days and over the past one month there was a price change of -10.70%. Year-to-date (YTD), STKL shares are showing a performance of 9.87% which increased to 53.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.57 but also hit the highest price of $7.59 during that period. The average intraday trading volume for Sunopta, Inc. shares is 783.10K. The stock is currently trading -6.27% below its 20-day simple moving average (SMA20), while that difference is down -3.61% for SMA50 and it goes to 0.42% higher than SMA200.

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Sunopta, Inc. (NASDAQ: STKL) currently have 115.95M outstanding shares and institutions hold larger chunk of about 86.61% of that.

The stock has a current market capitalization of $702.21M and its 3Y-monthly beta is at 1.83. It has posted earnings per share of -$1.39 in the same period. It has Quick Ratio of 0.61 while making debt-to-equity ratio of 2.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for STKL, volatility over the week remained 5.56% while standing at 4.54% over the month.

Stock’s fiscal year EPS is expected to rise by 43.75% while it is estimated to increase by 101.45% in next year. EPS is likely to grow at an annualized rate of 30.00% for next 5-years, compared to annual growth of -2.87% made by the stock over the past 5-years.

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 DA Davidson on December 08, 2023 offering a Buy rating for the stock and assigned a target price of $8 to it. Coverage by Mizuho stated Sunopta, Inc. (STKL) stock as a Buy in their note to investors on October 02, 2023, suggesting a price target of $9 for the stock. On June 23, 2023, Stephens Initiated their recommendations, while on September 10, 2021, Cowen Initiated their ratings for the stock with a price target of $15. Stock get an Outperform rating from BMO Capital Markets on July 09, 2021.

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