Market Watch: SNDL Inc (SNDL)’s Noteworthy Drop, Closing at 2.11

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As of close of business last night, SNDL Inc’s stock clocked out at $2.11, down -1.86% from its previous closing price of $2.15. In other words, the price has decreased by -$1.86 from its previous closing price. On the day, 1.69 million shares were traded. SNDL stock price reached its highest trading level at $2.18 during the session, while it also had its lowest trading level at $2.07.

Ratios:

To gain a deeper understanding of SNDL’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.57. For the most recent quarter (mrq), Quick Ratio is recorded 2.98 and its Current Ratio is at 4.34. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.10.

On August 16, 2022, Canaccord Genuity Upgraded its rating to Speculative Buy which previously was Hold but kept the price unchanged to $5.

BMO Capital Markets Upgraded its Underperform to Market Perform on May 03, 2022, whereas the target price for the stock was revised from $0.60 to $0.70.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SNDL now has a Market Capitalization of 559647936 and an Enterprise Value of 521446016. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.83 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 0.572 whereas that against EBITDA is -9.226.

Stock Price History:

Over the past 52 weeks, SNDL has reached a high of $2.93, while it has fallen to a 52-week low of $1.30. The 50-Day Moving Average of the stock is 3.26%, while the 200-Day Moving Average is calculated to be 9.83%.

Shares Statistics:

It appears that SNDL traded 1.85M shares on average per day over the past three months and 1653590 shares per day over the past ten days. A total of 265.08M shares are outstanding, with a floating share count of 262.79M. Insiders hold about 0.86% of the company’s shares, while institutions hold 10.84% stake in the company. Shares short for SNDL as of 1727654400 were 5788511 with a Short Ratio of 3.13, compared to 1724976000 on 6107585. Therefore, it implies a Short% of Shares Outstanding of 5788511 and a Short% of Float of 2.18.

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