Is SNDL Stock a Buy?
SNDL's most recent growth rate was underwhelming at less than 4%. If the U.S. legalizes marijuana, however, that could accelerate dramatically.
National Bank of Canada FI Has $42,000 Stock Holdings in SNDL Inc. (NASDAQ:SNDL)
National Bank of Canada FI decreased its position in SNDL Inc. (NASDAQ:SNDL – Free Report) by 38.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,660 shares of the company’s stock after selling 16,820 shares during the quarter. National Bank of Canada FI’s holdings in SNDL were worth $42,000 as of its most recent SEC filing. Several other hedge funds have also added to or reduced their stakes in SNDL. Commonwealth Equity Services LLC raised its position in shares of SNDL by 80.6% in the third quarter. Commonwealth Equity Services LLC now owns 40,872 shares of the company’s stock valued at $78,000 after buying an additional 18,241 shares in the last quarter. Firethorn Wealth Partners LLC boosted its stake in shares of SNDL by 51.4% in the 4th quarter. Firethorn Wealth Partners LLC now owns 60,778 shares of the company’s stock valued at $100,000 after purchasing an additional 20,628 shares in the last quarter. Vontobel Holding Ltd. increased its position in SNDL by 93.9% during the 4th quarter. Vontobel Holding Ltd. now owns 116,780 shares of the company’s stock worth $192,000 after purchasing an additional 56,544 shares in the last quarter. Cambria Investment Management L.P. lifted its stake in shares of SNDL by 44.1% in the 3rd quarter. Cambria Investment Management L.P. now owns 245,840 shares of the company’s stock valued at $467,000 after acquiring an additional 75,285 shares during the last quarter. Finally, AdvisorShares Investments LLC boosted its holdings in shares of SNDL by 14.6% during the 3rd quarter. AdvisorShares Investments LLC now owns 719,990 shares of the company’s stock valued at $1,368,000 after acquiring an additional 91,630 shares in the last quarter. SNDL Stock Performance Shares of SNDL opened at $2.46 on Monday. The business has a 50-day simple moving average of $2.03 and a two-hundred day simple moving average of $1.66. SNDL Inc. has a 12-month low of $1.25 and a 12-month high of $2.93. The company has a quick ratio of 2.86, a current ratio of 4.22 and a debt-to-equity ratio of 0.10. SNDL (NASDAQ:SNDL – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $146.69 million for the quarter, compared to analyst estimates of $154.88 million. SNDL had a negative net margin of 14.99% and a negative return on equity of 9.98%. During the same quarter in the previous year, the business earned ($0.07) earnings per share. As a group, analysts predict that SNDL Inc. will post -0.01 EPS for the current year. SNDL Company Profile (Free Report) SNDL Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.
SNDL: Federal Government Begins Rescheduling Process For Cannabis (Buy)
Cannabis stocks, including SNDL, rallied on news of federal cannabis rescheduling. SNDL's SunStream USA structure has been approved by NASDAQ, positioning the company to benefit from the US cannabis market. SNDL's Q1-2024 results showed positive growth in segment revenue, margins, and net income.
