Sundial Growers (NASDAQ:SNDL) Stock Price Up 1.3%

Posted by on Jun 16th, 2022

Sundial Growers Inc. (NASDAQ:SNDL – Get Rating) shares rose 1.3% during mid-day trading on Thursday . The stock traded as high as $0.31 and last traded at $0.30. Approximately 1,917,383 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 89,561,273 shares. The stock had previously closed at $0.30.

SNDL has been the subject of a number of recent analyst reports. Atb Cap Markets raised Sundial Growers from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, May 17th. BMO Capital Markets raised Sundial Growers from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $0.60 to $0.70 in a research report on Tuesday, May 3rd.

The stock has a market cap of $487.94 million, a PE ratio of -5.04 and a beta of 5.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 4.73 and a current ratio of 5.97. The company’s 50-day moving average price is $0.44 and its 200 day moving average price is $0.53.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNDL. Goldman Sachs Group Inc. bought a new position in shares of Sundial Growers during the 2nd quarter valued at approximately $42,000. Flow Traders U.S. LLC bought a new position in shares of Sundial Growers during the 1st quarter valued at approximately $38,000. Commerce Bank bought a new position in shares of Sundial Growers during the 1st quarter valued at approximately $42,000. Mutual Advisors LLC grew its stake in shares of Sundial Growers by 63.1% during the 4th quarter. Mutual Advisors LLC now owns 64,600 shares of the company’s stock valued at $37,000 after acquiring an additional 25,000 shares during the period. Finally, Ausdal Financial Partners Inc. boosted its stake in Sundial Growers by 61.1% in the 4th quarter. Ausdal Financial Partners Inc. now owns 65,200 shares of the company’s stock worth $38,000 after purchasing an additional 24,720 shares during the period. 6.53% of the stock is owned by hedge funds and other institutional investors.

About Sundial Growers (NASDAQ:SNDL)

Sundial Growers Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Cannabis Operations and Retail Operations segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use markets; and private sale of recreational cannabis through corporate owned and franchised retail cannabis stores.

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