Full Answer
Is sundial growers positioning itself for a buyout?
Aug 13, 2021 · 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. So what Sundial...
Is sundial growers too cheap to pass up?
Aug 13, 2021 · Investors hoping for any big positive development were unimpressed, and after dropping 10% early on Friday, Sundial shares are still down more than 7% …
Will sundial be delisted?
May 12, 2021 · Shares in Canadian cannabis company Sundial Growers ( SNDL -8.50% ) initially jumped almost 10% Wednesday morning after the company reported its first-quarter earnings update last night. But after ...
Will sundial growers be delisted?
12 hours ago · Sundial Growers Inc (NASDAQ:SNDL) spiked up more than 4% higher at one point on Friday, opposite to the S&P 500, which was falling about 1.6% after a bearish day dropped the fund down 2.64% off ...
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
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 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.
Some positive comments from the company in its quarterly financial update haven't convinced investors
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.
What happened
Shares in Canadian cannabis company Sundial Growers ( NASDAQ:SNDL) initially jumped almost 10% Wednesday morning after the company reported its first-quarter earnings update last night. But after investors had more time to digest the results, the stock reversed course. As of 12:35 p.m. EDT, Sundial shares were down 2.7% on the day.
So what
Sundial Growers headlined its financial release by telling investors the quarter marked its "first positive quarterly earnings from operations in the company's history." The company reported adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA) were the equivalent of approximately $2.7 million, the first positive quarter for that metric it has ever had.
Now what
Sundial said gross revenue dropped 30% sequentially compared to the fourth quarter of 2020 and a similar amount versus the year-ago first quarter. The company sold 3,989 kilogram equivalents of cannabis in the first quarter of 2021, down 45% versus the fourth quarter of 2020, though it said its shipments for March 2021 constituted a monthly record.