Is sundial stock back above $1?
In December 2020, the Nasdaq said Sundial had until June 26 to bring its share price back in compliance with the listing requirements. Management succeeded in doing so just under the wire, with SNDL stock trading above $1 between June 1 and June 14.
Did sundial technologies'financial update give shareholders momentum?
Yesterday's financial update didn't provide the momentum shareholders were looking for. In fact, Sundial said its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at a loss in the second quarter, which ended June 30.
What's happening with sundsundial stock?
Sundial is also working to close its acquisition of Alcanna (OTCMKTS: LQSIF), a Canadian retailer of alcoholic beverages and marijuana products. As part of the acquisition, shareholders of Alcanna will receive 8.85 shares of SNDL stock and $1.50 in cash for each share of LQSIF owned.
Is sundial growers (SNDL) a meme stock?
Canadian cannabis grower, retailer and investment firm Sundial Growers (NASDAQ: SNDL) had its 15 minutes of meme stock fame a little less than a year ago. Shares rocketed 725% higher between the start of 2021 and its high of nearly $4 in February.
Should I sell 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 ever going to go up?
Sundial Growers Inc (NASDAQ:SNDL) The 4 analysts offering 12-month price forecasts for Sundial Growers Inc have a median target of 0.51, with a high estimate of 0.80 and a low estimate of 0.49. The median estimate represents a +35.17% increase from the last price of 0.38.
Is Sundial growers overvalued?
The Verdict: At today's price, Sundial stock appears to be overvalued based on a sampling of common fundamental valuation metrics.
Will sundial stock recover?
The technical analysis and analysts' views outlined above indicate that Sundial Growers may have little potential to rebound to its highs in the short term.
Will SNDL stock go up tomorrow?
This stock started moving upwards as soon as it opened. Generally this happens when there is a positive sentiment following the stock, making it attractive. There's a good chance that this upwards movement will continue tomorrow as well....Munafa value: 65 as on 17 Fri Jun 2022.Upside target0.34Downside target0.283 more rows
Is Sundial a good investment?
Sundial Earnings Should Impress Again For Q3, Sundial posted net earnings of C$11.3 million. That's impressive, considering that positive earnings are still a rarity in the cannabis industry. Investors also got excited over news of a C$100 million share repurchase program.
Is SNDL undervalued?
The company is currently undervalued based on its book value, its forward multiplier, and its recent stock price hitting its 52-week low.
Is SNDL a profitable company?
Earnings and Revenue History Quality Earnings: SNDL is currently unprofitable. Growing Profit Margin: SNDL is currently unprofitable.
Should I buy or sell Sundial Growers stock right now?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sundial Growers in the last year. There are currently 2 hold ratings and 1...
What is Sundial Growers' stock price forecast for 2022?
3 Wall Street analysts have issued 12-month target prices for Sundial Growers' shares. Their forecasts range from $0.70 to $0.70. On average, they...
How has Sundial Growers' stock price performed in 2022?
Sundial Growers' stock was trading at $0.5780 at the start of the year. Since then, SNDL shares have decreased by 43.1% and is now trading at $0.32...
When is Sundial Growers' next earnings date?
Sundial Growers is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022. View our earnings forecast for Sun...
How were Sundial Growers' earnings last quarter?
Sundial Growers Inc. (NASDAQ:SNDL) issued its earnings results on Friday, May, 15th. The company reported ($0.41) EPS for the quarter, missing the...
Who are Sundial Growers' key executives?
Sundial Growers' management team includes the following people: Mr. Zachary Ryan George IV , CEO & Non Independent Director (Age 44, Pay $3.73M)...
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 Tilray (TLRY) , Canopy Growth (CGC) , 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...
When is Sundial earnings call?
How much does Sundial Growers make?
How can I listen to Sundial Growers' earnings call? Sundial Growers will be holding an earnings conference call on Friday, August 13th at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 604-638-9010 with passcode "7535 #".
There remains uncertainty whether the company can use the money it has raised to grow its business
Sundial Growers has a market capitalization of $1.32 billion and generates $45.48 million in revenue each year. The company earns $-178,920,000.00 in net income (profit) each year or ($0.26) on an earnings per share basis.
What happened
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.
So what
Highly watched Canadian cannabis company Sundial Growers ( NASDAQ:SNDL) reported earnings after the bell last night. Investors hoping for any big positive development were unimpressed, and after dropping 10% early on Friday, Sundial shares are still down more than 7% as of 12:50 p.m. EDT today.
Now what
Sundial spent much of last year restructuring by raising capital and reorganizing into a two-pillar business heavily reliant on acquisitions. In doing so, the company diluted existing shareholders by increasing its share count by more than 1 billion shares, or almost 1,500%, from a year ago.
Why SNDL Stock Could be Delisted Next Month
Net loss for the second quarter was the equivalent of about $41 million. CEO Zach George issued a statement saying: "Our second quarter performance continued to be impacted by the liquidation of discounted inventory and our refusal to push sub-optimal product into the market.
Sundial Could Announce a Share Consolidation Soon
On Aug. 9, Sundial was notified by the Nasdaq that it was in danger of being delisted because the bid price on its common shares had strayed below the exchange’s minimum threshold of $1 per share for more than 30 consecutive days. The Nasdaq said the company had 180 days, or until Feb. 7, to get SNDL stock above $1 for 10 days in a row.
Delayed Alcanna Acquisition May Increase Delisting Risk
To regain compliance with the Nasdaq’s minimum bid requirements, Sundial Growers may announce a share consolidation, also known as a reverse stock split. The consolidation should be effective around the expiry date of the exchange’s notice.
The Bottom Line on SNDL Stock
Sundial Growers is in the middle of a sizeable acquisition of Alcanna, a Canadian liquor retailing giant. Alcanna needed more time to rally its shareholder base to reach the required minimum votes for the deal to sail through. So, it moved its shareholder vote from Dec. 14 to Jan. 7.
