Is sundial growers positioning itself for a buyout?
1 day ago · Shares of Canadian cannabis company Sundial Growers ( SNDL -7.08% ) tanked today after the company released a new Securities and Exchange Commission (SEC) filing yesterday. Sundial shares were ...
Should you buy sundial growers on the dip?
Mar 25, 2022 · Sundial Growers (NASDAQ: SNDL) stock is up 7% today on renewed optimism of federal cannabis legalization in the U.S. SNDL stock is trending higher this morning on reports that the U.S. House of ...
Is sundial growers too cheap to pass up?
Oct 08, 2021 · Shares of the Canadian cannabis company Sundial Growers ( SNDL 2.56% ) are having a strong finish to the week. They're up by a healthy 11.1% as of 10:42 a.m. EDT on Friday. Sundial's shares are up ...
Will SNDL stock go up?
Apr 03, 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.
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 bullish?
The market has been high on Sundial Growers Inc (SNDL) stock recently. SNDL gets a Bullish score from InvestorsObserver Stock Sentiment Indicator. Sundial Growers Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SNDL!Mar 18, 2022
Should I hold sundial Growers stock?
The consensus among Wall Street research 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 Sundial growers a heavily shorted stock?
According to Ortex, Sundial's short interest is a whopping 15.73%. So, is SNDL stock being shorted? Absolutely, at 15.73% the stock is heavily shorted.
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
What happens if a stock is delisted?
Here's what happens when a stock is delisted. A company receives a warning from an exchange for being out of compliance. That warning comes with a deadline, and if the company has not remedied the issue by then, it is removed from the exchange and instead trades over the counter (OTC), meaning through a dealer network.Mar 7, 2022
Is Sundial growers a buy now?
During the day the stock fluctuated 10.07% from a day low at $0.56 to a day high of $0.62....Predicted Opening Price for Sundial Growers Inc. of Wednesday, April 13, 2022.Fair opening price April 13, 2022Current price$0.59$0.57 (Undervalued)
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 going to be 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
What is the most shorted stock in the US?
Most Shorted Stocks Right NowNikola Corporation (NASDAQ:NKLA) Number of Hedge Fund Holders: 12. Float Shorted: 30.02% ... Bed Bath & Beyond Inc. (NASDAQ:BBBY) Number of Hedge Fund Holders: 17. ... SmileDirectClub, Inc. (NASDAQ:SDC) Number of Hedge Fund Holders: 18. ... Beyond Meat, Inc. (NASDAQ:BYND) ... Lemonade, Inc. (NYSE:LMND)Feb 18, 2022
Can a sundial short squeeze?
The big bullish reaction to Sundial's earnings print could fuel a short squeeze intraday due to the company's underlying statistics. Although Sundial has a massive 2.06 billion share float 297.23 million shares, meaning 14.43%, are held short.Nov 12, 2021
Is it good to buy a stock that is shorted?
Shorting stocks is a way to profit from falling stock prices. A fundamental problem with short selling is the potential for unlimited losses. Shorting is typically done using margin and these margin loans come with interest charges, which you have pay for as long as the position is in place.
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...
The pot company pulls the trigger on an all-stock merger agreement
George Budwell has been writing about healthcare and biotechnology companies at the Motley Fool since 2013. His primary interests are novel small molecule drugs, next generation vaccines, and cell therapies.
What happened
Shares of the Canadian cannabis company Sundial Growers ( NASDAQ:SNDL) are having a strong finish to the week. They're up by a healthy 11.1% as of 10:42 a.m. EDT on Friday.
So what
This is an intriguing deal for Sundial and its shareholders. The company has been recapitalizing of late and seemingly looking for new avenues of growth. Through this all-stock acquisition of Alcanna, Sundial will also gain access to the company's majority-owned subsidiary Nova Cannabis. Alcanna owns a 63% equity stake in the pot company.
Now what
Is Sundial's stock a buy on this news? This deal could be a game changer for the cannabis company. The long and short of it is that the Canadian cannabis space is simply too crowded and there's too much competition. A deal like this one ought to help Sundial float along until the day cannabis finally becomes legal in the far larger U.S. market.
How much does Sundial Growers make?
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.
When is Sundial earnings call?
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 #".