Sundial Growers Inc Stock Price Target Forecast, (SNDL) Prediction 2022, 2023, 2025, 2030

12 January 2022

Can Sundial Growers stock recover to $1?

At the time of writing, Sundial Growers had a market capitalization of $975 million (12 January). Only four analysts cover Sundial Growers and provide stock recommendations.

Is Sundial Growers a ‘buy,’ a’sell,’ or a ‘hold’ stock? MarketBeat data shows that analysts have an average price target of $0.78. As of today, this predicts minimal upside from present levels. Three of the four experts think the stock is a ‘hold,’ while one thinks it’s a’sell.’ According to analysts, the stock has a potential upside of $1.15 and a potential downside of $0.4.

ATB Capital provided the most recent stock upgrade in July. Sundial Growers’ stock was upgraded from ‘underperform’ to’sector perform,’ with a price objective raised from $0.50 to $0.80, according to the research firm. This suggests a 14 percent upside potential, which was justified following the company’s acquisition of Inner Spirit Holdings.

Sundial Growers has modified its company structure, according to the research group, and investors now have a “excellent” prospect.

However, the future for Sundial Growers must be set against the reality that the company’s stock has a history of significant volatility.

Keep in mind that experts’ forecasts are subject to error. Analyst forecasts are based on a thorough examination of the company’s performance on both a fundamental and technical level. Past results are never a guarantee of future outcomes.

Do your own research and keep in mind that your decision to trade is based on your risk tolerance, market expertise, the spread of your investment portfolio, and how comfortable you are with losing money. Also, never put more money into anything than you can afford to lose.

capital.com is the source for this information.


December 27, 2021

What You Missed This Week in Sundial Growers Inc. (NASDAQ: SNDL) Stock

On Thursday, December 23, Sundial Growers Inc. (NASDAQ:SNDL) finished 2.29 percent higher than its previous close.

The quarterly earnings report for Sundial Growers Inc., which has a market capitalization of $1.35 billion, is slated to be released on May 11, 2021. Analysts following SNDL expect quarterly EPS to fall by 0 per share this quarter, with annual EPS falling to -$0.08 in 2021 and rising to $0 in 2022, according to the same analysts. Analysts predict yearly EPS growth of 91.10 percent this year and 100.00 percent the next year in this situation.

Analysts predict that the company’s quarterly sales will be $12.98 million on average, with lows of $8.98 million and highs of $15.05 million. When compared to the same quarter the previous financial year, the average estimate shows sales growth for the quarter will likely increase by 28.90 percent. In keeping with the expert consensus, the company’s annual revenue in 2021 is expected to be $44.33 million. According to this prognosis, income would rise at a rate of -12.20 percent less than it did in 2021.

Revisions to the company’s EPS reveal the short-term direction of a stock’s price movement, with no upward or downward revisions in the recent seven days. In terms of technical analysis, signs suggest that SNDL is likely to be a 50% sell in the short run. Looking at the stock’s medium-term indications, we can see that it is presently averaging as a 50% Sell, while the stock’s long-term indicators are now averaging as a 100% Sell.

The current price of SNDL is 11.33 percent below the SMA20 and 1.55 percent below the SMA50, according to the chart. On a 14-day period, the Relative Strength Index (RSI) indicator is at 56.88, with weekly volatility at 6.26 percent. When evaluated over the last 30 days, the indicator rises to 6.47 percent. The beta value of Sundial Growers Inc. (NASDAQ:SNDL) is now 0 and the average true range (ATR) indicator is 0.04.

The 3-month average daily trading volume for Sundial Growers Inc. (NASDAQ:SNDL) is 114.03 million, according to an examination of the stock.

stocksregister.com is the source of this information


December 17, 2021

The Time Has Come To Invest In Sundial Growers Inc. (NASDAQ: SNDL)

Sundial Growers Inc. (NASDAQ:SNDL) had 24.26 million traded shares during the most recent session. The stock was trading at $0.61 at the time of this writing, up 3.11 percent or $0.02 on the day. The SNDL share has a 52-week high of $3.96, which is down -549.18 from that high but still represents a stunning 31.15 percent gain since the share price plunged to a 52-week low of $0.42. The stock has a market value of $1.23 billion, with an average intraday trading volume of 75.98 million shares over the last ten days and an average transaction volume of 112.95 million shares for the last three months.

Trade data for Sundial Growers Inc. (NASDAQ:SNDL).

Sundial Growers Inc. (SNDL) gained 3.11 percent in the most recent session after trading in the negative for the previous five. The stock jumped 3.11 percent to $0.61 in intraday trade on Thursday, December 16th, setting a new weekly high. The stock’s price performance over the last five days has been -1.44 percent, and it has moved -29.52 percent over the last 30 days. The overall pricing performance for the year is 22.81 percent based on these engagements. Sundial Growers Inc. (NASDAQ:SNDL) has a short interest of 283.66 million shares, implying that shorts have 2.85 days to cover.

Estimates and projections from Sundial Growers Inc. (SNDL).

Sundial Growers Inc. has surpassed its competition in terms of share price when compared to the industry in which it works, according to statistics. Sundial Growers Inc. (SNDL) shares have dropped 36.24 percent in the previous six months, with a year-to-date growth rate of 69.23 percent vs 16.90 percent for the industry. Analysts, on the other hand, are raising their growth forecasts for fiscal year 2021. Revenue is expected to increase by 100.00 percent this quarter and then by 100.00 percent the following quarter. Revenue will drop -12.20 percent, according to the rating companies’ predictions, compared to the previous financial year.

According to four analysts, revenue for the current quarter would be $12.98 million (s). Meanwhile, revenue is expected to climb to $13.97 million by the end of December 2021, according to a consensus of three analysts. Sales for the corresponding quarters reached $10.07 million and $11.48 million, respectively, according to the earnings report from the previous fiscal year’s results. Analysts predict that revenues will increase by 28.90 percent in the current quarter and then by 21.70 percent in the next quarter.

In 2021, profits are expected to fall by 63.70 percent.

Dividends from SNDL

On May 11, Sundial Growers Inc. will issue its next quarterly results report. It’s crucial to note, however, that the dividend yield ratio is only a guideline.

Major shareholders of Sundial Growers Inc. (NASDAQ:SNDL)

Insiders own 0.60 percent of Sundial Growers Inc.’s total outstanding shares, while institutional investors own 8.81 percent, with a float of 8.86 percent. The company’s largest stakeholder is Renaissance Technologies, LLC, with 172 institutions owning stock. The corporation has 70.92 million shares (or 4.27 percent of all shares) with a total value of $67.3 million as of June 29, 2021.

Susquehanna International Group, LLP has the second highest institutional position, with 22.51 million shares, or around 1.36 percent of all outstanding shares. These shares were worth $21.36 million at the market price on June 29, 2021.

marketingsentinel.com is the source of this information


2 December 2021

Sundial Growers News and Forecast: After a disastrous 9 percent collapse, SNDL is back in the premarket.

On Wednesday, Sundial Growers (SNDL) shares fell another 9% to $0.5655. This follows a 2.1 percent drop in Tuesday’s session. The stock of SNDL has slumped 41% since its range high in mid-November, which was a result of better-than-expected Q3 results. In Thursday’s premarket, the cannabis producer and distributor’s shares rose 2.7 percent to $0.5810.

Stock news for Sundial Growers (SNDL): Indiana and Germany are next on the list for prospective legalisation.

The Indiana Democratic Party has stated its desire to see cannabis legalised for both medicinal and recreational purposes. As a result, the first of numerous community meetings in the Midwest state will be held next week to gather public feedback.

In recent days, Germany’s new coalition government has stated its intention to legalise cannabis for recreational use. The country in central Europe has already established itself as the world’s largest medicinal marijuana market.

Kentucky State Rep. Nima Kulkarni (D) has introduced proposals to legalise marijuana in her state. The first law would make it legal to cultivate and sell modest amounts of marijuana. The second bill would enable those over the age of 21 to possess, buy, or sell up to one ounce of marijuana for personal use, as well as grow up to five plants.

There’s no news yet on whether the newly crowned takeover king of Canada’s cannabis business will make another purchase. Sundial has been buying up assets with its own shares since the beginning of the year. It began the year by paying C$131 million for cannabis merchant Inner Spirit. It paid C$346 million for Canadian booze wholesaler Alcanna. Nova Cannabis, which Alcanna owns two-thirds of, is a retail operation that should drive future revenue development. Nova Cannabis is a Canadian cannabis retailer with over 60 locations.

Many analysts believe Sundial’s purchasing binge is far from done, with more than C$500 million lingering on its balance sheet as it looks to expand through acquisitions. Sundial’s present shareholders would be further diluted if it issued new shares instead of cash to pay for another acquisition. This fear may be fueling the recent stock market sell-off.

Stock Prediction for Sundial Growers (SNDL): The stock is expected to hit $0.50 soon.

SNDL shares broke through long-term support from October 6, just over $0.61, on Wednesday. This implies that the stock will have little, if any, support until it reaches $0.50.

The following is an excerpt from Wednesday’s storey: “If SNDL breaks through this level and closes below $0.60, $0.50 will be the next support level. From December 2019 to January 2020, the stock fluctuated around this level. Expect another break lower on Tuesday after a temporary bottom below October 6.”

Despite the fact that the stock is up roughly 2.7 percent in the premarket on Thursday, FXStreet believes it will continue to fall.

On Monday, the 20-day moving average crossed above the 9-day moving average at $0.71, indicating that the price to beat for bulls to ride to the rescue is $0.71. Only the mid-November swing high at $0.95 is above this level, when the stock met resistance for two sessions in a row.

The S&P/TSX Cannabis Index (XCAN) is down 34% year to date, while SNDL is up 17%.

fxstreet.com is the source for this information.


November 26, 2021

Sundial Growers extends its market and looks ahead to 2022, according to the SNDL stock forecast.

For both investors and the firm, NASDAQ: SNDL has had a memorable year.

Sundial’s stock is up over 22% year to date, and up an amazing 83 percent in the last 52 weeks. Penny stocks are notorious for their high volatility and large swings in either direction. Earlier this year, Sundial was one of the top meme stocks for social media traders. This was followed by a meteoric rise to an all-time high of $3.96. Sundial has not traded over $1.00 since mid-June, and shares have fallen down to Earth since then. On Wednesday, Sundial’s recent decline came to an end as the company found support under its important 50-day moving average price, which might be a bullish indication in the near run.

The cannabis sector in Canada has not proven to be as profitable as investors expected when the government legalised the substance in 2018. Indeed, competition has been oversaturated in the market, which is why there has been so much consolidation in the North over the last several years. Sundial has clearly set its sights on growth, since it recently purchased Canadian booze retailer Alcanna for $364 million in Sundial shares. Perhaps increasing Sundial’s market will bring a great boost to its revenues in the future.

fxstreet.com is the source for this information.


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