Is sundial growers stock a good buy at $4?
Apr 10, 2022 · Sundial Growers' stock was trading at $0.91 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SNDL shares have decreased by 38.5% and is now trading at $0.56.
Can sundial take 15% of the global cannabis market?
Apr 08, 2022 · SNDL Sundial Growers Inc — Stock Price and Discussion | Stocktwits. Sundial Growers Inc NASDAQ Updated Apr 8, 2022 11:59 PM. SNDL 0.56 0.02 (4.04%) Post-Market 0.01 (1.38%) 202,270. Key Data. 52wk Low 0.40. 52wk High 1.49. Mkt Cap 853.20m.
What are analysts'price targets for sundial growers (SDG) stock?
Analysts currently see a potential upside of $1.15 and a downside of $0.4. The most recent stock upgrade came courtesy of ATB Capital last July. The research company upgraded Sundial Growers’ stock rating from ‘underperform’ to ‘sector perform’ with …
Can sundial growers be a Millionaire-Maker Company?
Aug 23, 2021 · Sundial Growers (SNDL) Stock Keeps Rising in 2021 After the Crash. By Ambrish Shah. Aug. 23 2021, Published 1:55 p.m. ET. Sundial Growers (SNDL) was one of the meme stocks that gained momentum ...
How high can sundial growers go?
Analysts forecast Sundial Growers can increase revenue from CA$73.3 million last year to around CA$705 million in 2022 and as much as CA$1.1 billion by the end of 2024, at which time it will be generating $0.03 per share in profits.Nov 21, 2021
Is Sundial Growers stock expected to rise?
Stock Price Forecast The 5 analysts offering 12-month price forecasts for Sundial Growers Inc have a median target of 0.80, with a high estimate of 0.96 and a low estimate of 0.60. The median estimate represents a +39.81% increase from the last price of 0.57.
Is SNDL a good long term stock?
Even though SNDL has struggled to trade above $1, Sundial Growers is on track for success in the long term, based on the fundamentals of its business. Shares of Sundial Growers (SNDL) - Get Sundial Growers Inc. Report, a Canadian cannabis company, are currently valued at just over 50 cents.Feb 28, 2022
Will sundial Growers stock go up tomorrow?
Tomorrow's movement Prediction of Sundial Growers Inc SNDL as on 08 Apr 2022 appears strongly Bearish. This stock started falling as soon as it opened and never recovered during the session....Munafa value: 25 as on 08 Fri Apr 2022.Downside target0.54Upside target0.59Upside target0.61Upside target0.643 more rows
Should I sell or hold sundial Growers stock?
The consensus among Wall Street analysts is that investors should "hold" Sundial Growers stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SNDL, but not buy additional shares or sell existing shares.
Is SNDL a buy or sell?
The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
Will a sundial recover?
Last November, to avoid a delisting scenario, Sundial management announced a share consolidation. The company aggressively diluted its shares from 105 million in 2020 to more than 2 billion in 2021. Sundial plans to repurchase about 100 million CAD ($79.6 million) worth of its common stock.Jan 25, 2022
Is SNDL a profitable company?
Earnings and Revenue History Quality Earnings: SNDL is currently unprofitable. Growing Profit Margin: SNDL is currently unprofitable.
Is SNDL a penny stock?
At Friday's close of 53 cents per share, Sundial Growers (NASDAQ:SNDL) is a long way away from the meme-fueled heights reached just 12 months ago.Feb 7, 2022
What is sundial growers company?
Sundial Growers Inc. is a Canada-based company that is engaged in the business of production, distribution and sale of cannabis in Canada. The Company's segments include Cannabis Operations, Cannabis and Liquor Retail and Investment Operations.Apr 1, 2022
Where is sundial growers located?
Calgary, CanadaDescription Sundial Growers Inc. The company was founded by Stanley J. Swiatek on August 19, 2006 and is headquartered in Calgary, Canada.
Is Tilray a buy?
Tilray (NASDAQ:TLRY) merged with Aphria in 2021, creating the world's largest cannabis company. As profound as that may sound, TLRY stock has crashed 80% over the past year.Mar 17, 2022
Is Sundial Growers a buy right now?
2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sundial Growers in the last twelve months. There are currently 2...
How has Sundial Growers' stock price been impacted by COVID-19?
Sundial Growers' stock was trading at $0.91 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. S...
When is Sundial Growers' next earnings date?
Sundial Growers is scheduled to release its next quarterly earnings announcement on Tuesday, March 29th 2022. View our earnings forecast for Sundi...
How can I listen to Sundial Growers' earnings call?
Sundial Growers will be holding an earnings conference call on Wednesday, March 30th at 10:30 AM Eastern. Interested parties can register for or li...
How were Sundial Growers' earnings last quarter?
Sundial Growers Inc. (NASDAQ:SNDL) released its earnings results on Friday, May, 15th. The company reported ($0.41) earnings per share (EPS) for th...
Who are Sundial Growers' key executives?
Sundial Growers' management team includes the following people: Zachary Ryan George , Chief Executive Officer & Director Andrew Stordeur , Presi...
What is Torsten Kuenzlen's approval rating as Sundial Growers' CEO?
3 employees have rated Sundial Growers CEO Torsten Kuenzlen on Glassdoor.com . Torsten Kuenzlen has an approval rating of 30% among Sundial Grower...
Who are some of Sundial Growers' key competitors?
Some companies that are related to Sundial Growers include Canopy Growth (CGC) , Tilray (TLRY) , USANA Health Sciences (USNA) , Cronos Group (C...
What other stocks do shareholders of Sundial Growers own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Sundial Growers investors own include (CGC) , OrganiGram...
Sundial Growers: is the original catalyst still true?
Sundial Growers investing in growth
The case for buying Sundial Growers stock in late 2020 and very early 2021 should be revisited in greater detail.
Sundial Growers (SNDL) stock forecast: what the chart is saying
Flushed with cash and no debt, the company wasted no time in getting to work in 2021. On 11 January 2021, Sundial announced the launch of new premium high-quality cannabis derivative products under its Top Leaf brand.
What Wall Street analysts are saying
A key component towards evaluating an SNDL stock forecast is to take a look at the stock chart and evaluate a brief technical analysis.
SNDL stock short interest
Sundial is not a heavily covered stock among Wall Street analysts. There aren’t that many cannabis-focused analysts. Nevertheless, the median price target of the four analysts who model Sundial’s future price is 75 cents (as of 26 August 2021).
SNDL stock forecast
According to the data from Fintel, SNDL had a short volume ratio of around 26 percent on June 23. While it's the highest ratio this week, there hasn’t been a major change in the short interest. Over the last 10 days, the stock’s short volume ratio has been above 20 percent consistently.
SNDL stock on Reddit group WallStreetBets
Like many other Reddit names, Wall Street isn't too bullish on Sundial Growers. Its median target price of $0.71 is a 28.7 percent discount over the current prices. The stock has three sell and three hold ratings. None of the analysts have a buy or equivalent rating.
How high can SNDL stock go?
A recent post on WallStreetBets talked about the possibility of SNDL “exploding.” Another post talked about the fact that Connecticut Governor Ned Lamont has signed the law legalizing adult-use marijuana in the state. Connecticut has become the 19th U.S. state to legalize marijuana even though it's still illegal at the federal level.
SNDL stock is a good buy
Reddit traders have taken some stocks literally to the moon and their valuations look out of sync with the fundamentals. However, given the strong momentum in marijuana stocks and the renewed interest from WallStreetBets, SNDL can run up another 20 percent from these levels.
SNDL stock is expected to go up
Sundial Growers is a marijuana firm based in Canada. The company spent most of the last year restructuring by raising cash and reshaping into a two-pillar business model that relies largely on acquisitions. In doing so, Sundial diluted existing shareholders by raising its share count by over 1 billion shares, or over 1,500 percent from a year ago.
Will Sundial enter U.S. markets?
In my view, we’re done with the sell-off and SNDL stock might recover now. According to Sundial, its net asset value per share was $0.66 as of June 30, which isn't far from SNDL's current market price of $0.71.
Theoretically, yes. Practically speaking, it's a different story
With Democrats gaining control of the Senate and President Biden's election win, the chances for marijuana legalization have never been brighter. If the federal government acts, Canadian licensed producers like Sundial will be allowed to access the lucrative U.S. marijuana market.
What it would take
Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries. Follow @keithspeights
Reality check
Let's be purely analytical here. Exactly what would it take for Sundial to make you a cool $1 million? We first have to start with the size of the initial position in the marijuana stock.
A possibility?
Now for a reality check: Sundial Growers isn't anywhere close to raking in sales of $38 billion per year. In 2020, the company's gross revenue totaled 73.3 million in Canadian dollars. That's around $58 million U.S. dollars.
Why are Analyst Ratings Important?
Is it possible that Sundial Growers could be a millionaire-maker stock? Sure, theoretically. However, it's also possible that a meteor will land 10 feet away as you read this. Possible, but highly improbable.
What's Happening With Sundial Growers Inc Stock Today?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely.
