That represents a drop of 90% for the year-to-date. In addition, the stock is down slightly over 90% over the past year. Most of this is because the company has been posting miserable sales, earnings, and cash flow reports.
Is sundial growers positioning itself for a buyout?
May 12, 2021 · Why Sundial Growers Stock Jumped Then Dropped Wednesday By Howard Smith - May 12, 2021 at 2:29PM You’re reading a free article with opinions that may differ from The Motley Fool’s Premium ...
Is sundial growers too cheap to pass up?
1 day ago · Sundial Growers (NASDAQ:SNDL) recently announced it would file its annual report for 2021 by April 29. SNDL stock was recovering from a significant price drop in the first half of April. The delay ...
Will sundial be delisted?
Dec 15, 2021 · Marijuana investors are in a funk today, as shares of Hexo ( HEXO -1.67% ) drop 9.7%, Aurora Cannabis ( ACB -0.74% ) declines 7.2%, and Sundial Growers ( SNDL 2.88% ) falls 5.5%, as of 12:40 p.m ...
Will sundial growers be delisted?
Oct 01, 2021 · As of 12:10 p.m. Friday, Canopy Growth shares were down by 4.9%, shares of Sundial were down by 2.5%, and Green Thumb Industries was off by 2.3%. Oh well. No one ever accused investors of being ...
Why did sundial stocks go down?
Why Sundial could crash The company is a dilution machine, and between share issues and warrants, that could drive the stock down, even if it performs well. During the past 12 months, the company has issued common stock worth more than 1.2 billion Canadian dollars.Jan 17, 2022
Is Sundial getting delisted?
SNDL Stock: Sundial Avoids Delisting Previously, Sundial had until Feb. 7 to reach $1 for 10 consecutive days in order to stay listed on the Nasdaq. The Nasdaq gave Sundial this notice last August.Feb 9, 2022
Is Sundial Growers Inc a good stock to buy?
During the day the stock fluctuated 7.12% from a day low at $0.52 to a day high of $0.56....Predicted Opening Price for Sundial Growers Inc. of Thursday, April 21, 2022.Fair opening price April 21, 2022Current price$0.53$0.53 (Undervalued)
Is Sundial growers gonna rise?
The next few weeks may be pivotal to the future of Canada-based licensed cannabis producer Sundial Growers....Sundial Growers analysis: rough start to 2021, encouraging developments later.Long position overnight fee-0.0225%Spread6.702 more rows•Mar 21, 2022
What happens if sundial growers delisted?
What Will Happen If Sundial Gets Delisted? Sundial's management could have chosen to play the loophole game and initiated a reverse stock split. Companies who have been given the 180-day period also may be eligible for a second 180-day period, if they meet certain requirements.Feb 4, 2022
What happens to my stock if its delisted?
Although some brokerages restrict such OTC transactions, you generally can sell a delisted stock just as you would a stock that trades on an exchange. A delisted stock can continue to trade over the counter for years, even if the company files for bankruptcy.Mar 7, 2022
Is Sundial growers a good long term investment?
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
Should I sell my SNDL 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.
The cannabis company is selling its own stock at a rapid clip
Joe honed his investing skills as an analyst for Stock Advisor, Supernova, and Fool One. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns during its existence.
What happened
Shares of Sundial Growers ( NASDAQ:SNDL) fell 14% on Tuesday after the marijuana producer announced a new stock offering.
So what
Sundial Growers said it would seek to raise roughly $74.5 million from the sale of shares and warrants. The offering is expected to close on Feb. 4. The sale comes on the heels of another $100 million share offering that Sundial closed earlier today.
Now what
Although these moves have allowed Sundial to fill its coffers with cash, it has diluted shareholders in the process. Its share count now stands at a staggering 1.52 billion, which will make it exceedingly difficult for Sundial to generate meaningful per-share profits in the coming quarters.
Is Sundial Growers a buy right now?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sundial Growers in the last twelve months. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Sundial Growers stock.
What stocks does MarketBeat like better than Sundial Growers?
Wall Street analysts have given Sundial Growers a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Sundial Growers wasn't one of them.
When is Sundial Growers' next earnings date?
Sundial Growers is scheduled to release its next quarterly earnings announcement on Wednesday, November 10th 2021.#N#View our earnings forecast for Sundial Growers.
How were Sundial Growers' earnings last quarter?
Sundial Growers Inc. (NASDAQ:SNDL) issued its earnings results on Thursday, August, 12th. The company reported $0.01 EPS for the quarter. The business earned $7.45 million during the quarter, compared to the consensus estimate of $8 million.
How has Sundial Growers' stock been impacted by COVID-19 (Coronavirus)?
Sundial Growers' stock was trading at $0.91 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SNDL shares have decreased by 19.3% and is now trading at $0.7340.#N#View which stocks have been most impacted by COVID-19.
What price target have analysts set for SNDL?
5 brokerages have issued 12-month price objectives for Sundial Growers' stock. Their forecasts range from $0.40 to $1.15. On average, they anticipate Sundial Growers' stock price to reach $0.73 in the next twelve months.
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 Growers' employees. This puts Torsten Kuenzlen in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
