The name SNDL Inc. (SNDL) should be kept on your radar

In the latest session, SNDL Inc. (NASDAQ: SNDL) closed at $1.48 down -3.27% from its previous closing price of $1.53. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 4229394 shares were traded. SNDL stock price reached its highest trading level at $1.5000 during the session, while it also had its lowest trading level at $1.4500.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".

Sponsored

Ratios:

For a deeper understanding of SNDL Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.80 and its Current Ratio is at 6.60. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.16.

Upgrades & Downgrades

On May 03, 2022, BMO Capital Markets Upgraded its rating to Market Perform which previously was Underperform and also upped its target price recommendation from $0.60 to $0.70.

Canaccord Genuity Downgraded its Hold to Sell on March 19, 2021, whereas the target price for the stock was revised from $0.40 to $0.65.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.12 while its Price-to-Book (P/B) ratio in mrq is 0.34.

Stock Price History:

Over the past 52 weeks, SNDL has reached a high of $8.91, while it has fallen to a 52-week low of $1.47. The 50-Day Moving Average of the stock is 2.0602, while the 200-Day Moving Average is calculated to be 2.5635.

Shares Statistics:

For the past three months, SNDL has traded an average of 3.67M shares per day and 4.25M over the past ten days. A total of 260.70M shares are outstanding, with a floating share count of 259.34M. Insiders hold about 0.34% of the company’s shares, while institutions hold 8.10% stake in the company. Shares short for SNDL as of Jan 12, 2023 were 17.01M with a Short Ratio of 16.22M, compared to 17.27M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 7.21% and a Short% of Float of 7.21%.

Earnings Estimates

There are 0 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$0.15. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between -$0.59 and -$0.69 for the fiscal current year, implying an average EPS of -$0.64. EPS for the following year is -$0.06, with 2 analysts recommending between $0.02 and -$0.13.

Revenue Estimates

A total of 1 analysts believe the company’s revenue will be $176.25M this quarter.It ranges from a high estimate of $176.25M to a low estimate of $176.25M. As of the current estimate, SNDL Inc.’s year-ago sales were $17.04M, an estimated increase of 934.30% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $170.3M, an increase of 1,190.30% over than the figure of $934.30% in the same quarter last year. There is a high estimate of $170.3M for the next quarter, whereas the lowest estimate is $170.3M.

A total of 2 analysts have provided revenue estimates for SNDL’s current fiscal year. The highest revenue estimate was $526.53M, while the lowest revenue estimate was $510.48M, resulting in an average revenue estimate of $518.5M. In the same quarter a year ago, actual revenue was $42.1M, up 1,131.70% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $741.62M in the next fiscal year. The high estimate is $741.79M and the low estimate is $741.46M. The average revenue growth estimate for next year is up 43.00% from the average revenue estimate for this year.