Stock FAQs

why is sundial stock going up

by Mr. Chadd Wehner Published 3 years ago Updated 2 years ago
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The surge in Sundial Growers stock coincides with several favorable developments for the legal marijuana industry. First, the world’s largest marijuana market is about to open up in Mexico. Many investors think that Sundial Growers could benefit from marijuana legalization in Mexico.

Balancing that with strong adjusted EBITDA numbers can make Sundial a top stock to own. Another reason Sundial may skyrocket is its popularity with retail investors. The stock has proven that it can attract a lot of hype.Jan 17, 2022

Full Answer

What's happened to sundial growers stock?

Mar 21, 2022 · Since Sundial is in the process of acquiring Alcanna, Nova’s results will directly affect SNDL stock. For Q4, Nova reported revenue of $47.6 million, up 176% year over year (YOY) and 23% quarter ...

What are analysts'price targets for sundial growers'stock?

Nov 15, 2021 · Sundial (SNDL) stock back up on strong earnings and buyback. Sundial Growers (SNDL) stock popped big time on Friday as it registered a gain of over 27%. The stock and other cannabis stocks are high...

Should you avoid sundial growers (SNDL) at $1?

Nov 12, 2021 · After the closing bell Thursday afternoon, Sundial released its 2021 third-quarter earnings report. While the company posted net earnings of $11.3 million in Canadian dollars for the three-month ...

How will sundial (SNDL) stock react to Nova’S Q4 results?

Apr 15, 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.

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Is Sundial stock expected to go up?

The Sundial Growers Inc. stock price gained 3.96% on the last trading day (Thursday, 17th Mar 2022), rising from $0.48 to $0.50. , and has now gained 4 days in a row....Predicted Opening Price for Sundial Growers Inc. of Friday, March 18, 2022.Fair opening price March 18, 2022Current price$0.50$0.50 (Overvalued)

Why is SNDL stock up?

SNDL stock is trending higher this morning on reports that the U.S. House of Representatives plans to vote once again on the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act. If passed, this bill would legalize cannabis at the federal level in the United States.Mar 25, 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 28, 2022

Does sundial growers have a future?

With Sundial's current focus on investments, it's likely that we'll see revenue well above 2021 this year — due mainly to the acquisition of Alcanna and Sundial's partnership with the SAF Group. Also, with strong growth predicted in the cannabis market in the near future, Sundial should be a huge beneficiary.Feb 28, 2022

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

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

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.5 days ago

How is sundial used?

sundial, the earliest type of timekeeping device, which indicates the time of day by the position of the shadow of some object exposed to the sun's rays. As the day progresses, the sun moves across the sky, causing the shadow of the object to move and indicating the passage of time.

Is SNDL getting delisted?

Fans of Sundial Growers (NASDAQ:SNDL) are smiling this morning, and for good reason. The Canadian marijuana company announced that it had yet again avoided being delisted.Feb 9, 2022

Should I keep 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.

Is SNDL a good long term stock?

SNDL is still hopeful, though, and with the massive market cap that the popularity in social media gave it, they might pull it off in the end. This is one of the main reasons why investing in SNDL in the long term is a good idea, though one that does carry a lot of risks.

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...

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.

Q4 Financial Highlights

SNDL Net revenue was $13.9 million for the three months ended December 31, 2020

Sundial Growers Inc. (SNDL) stock rises in the pre-market trading session. Why is it so?

Sundial Growers Inc. (SNDL) stock declined by 0.88% at the last trading close whereas the SNDL stock surges by 3.54% in the pre-market trading session.

Why Aurora Cannabis, Canopy Growth, Hexo, and Sundial Growers Stocks All Tumbled Today

Shares of Sundial Growers (NASDAQ: SNDL) are trading down 2.8% as of 2:35 p.m. EDT, followed by Aurora Cannabis (NASDAQ: ACB) with a 3.2% loss, Hexo (NASDAQ: HEXO) down 3.8%, and Canopy Growth (NASDAQ: CGC) bringing up the rear with a 4.1% decline.

Curaleaf, Urban-Gro & Sundial Growers Among Top Cannabis Movers For September 3, 2021

GAINERS: Icanic Brands (OTC:ICNAF) shares closed up 11.32% at $0.26 with an estimated market cap of $59.3M. Empower Clinics (OTC:EPWCF) shares closed up 11.08% at $0.37 with an estimated market cap of $123.6M. Cann Gr (OTC:CNGGF) shares closed up 9.2% at $0.24 with an estimated market cap of $73.5M.

3 Pot Stocks to Avoid Like the Plague in September

Among the veritable sea of fast-growing cannabis stocks are three that should be avoided like the plague in September. In March, I effectively referred to Sundial Growers (NASDAQ: SNDL) as the worst cannabis stock money could buy. Sundial has one thing going for it: cash.

The Top 50 Robinhood Stocks in September

Whereas some folks have shied away from these wild swings, heightened volatility is precisely what's drawn other people (ahem, retail investors) to invest in the stock market.

Why Aurora Cannabis, Tilray, and Sundial Growers Stocks Are Smoking Today

Marijuana stocks Sundial Growers (NASDAQ: SNDL), Tilray (NASDAQ: TLRY), and Aurora Cannabis (NASDAQ: ACB) are all hopping in afternoon trading on Tuesday. As of 1:05 p.m. EDT, Sundial was up a solid 4.2%, Tilray had gained 5%, and Aurora Cannabis led the pack with a 5.2% gain.

Sundial Growers Is Bankrolling These Cannabis Stocks

Cannabis company Sundial Growers (NASDAQ: SNDL) got an influx of cash earlier this year thanks to its rising popularity with retail investors. Sundial is now in a great financial position, sitting on hundreds of millions of dollars -- well more than what it needs to fund its day-to-day operations.

Top Marijuana Stocks on the Nasdaq for September 2021

These are the marijuana stocks on the Nasdaq with the best value, fastest growth, and the most momentum for September 2021.

Poor Fundamentals

Negative sentiment and pump-and-dump schemes aside, Sundial Growers is also a small player in the recreational cannabis space, one with extremely poor fundamentals and a dim outlook. To say the company is hanging on by a thread would be an overstatement at this point.

Other Options

Investors who remain bullish on recreational cannabis and want some exposure to the industry in their portfolio have numerous options to choose from. There are many affordable cannabis stocks that are not stuck in the doldrums of the penny stock tables and that are in much better financial shape than SNDL stock.

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