Expanding its Growth Runway Ahead: Sundial Growers Inc. (SNDL)

Sundial Growers Inc.’s stock (NASDAQ:SNDL) has been rated as Sector Underperform by CIBC. This latest rating was contained in a recent research note published by the firm on January 31, 2020. Some experts on Wall Street have also posted a report on Sundial Growers Inc. (SNDL) stock.

BMO Capital Markets rated the stock as a Market Perform in a research noted published on October 31, 2019. Barclays rated the stock as a Overweight in a research note published on September 27, 2019.

As it stands, a total of 4 analysts are covering SNDL stock, with 1 of them rating it as a Buy while 0 of them rating it as Overweight. 1 analysts meanwhile advised investors to Hold, 0 rated it as Underweight while the 2 rated it as a Sell. A look at the overall ratings means that Sundial Growers Inc. (SNDL) stock has an average rating of Underweight.

Sundial Growers Inc. (SNDL) which is currently valued at 161.84 million, with the company publishing its last earnings report on 11/13/2019, for the recent quarter of 2019. In that quarter, the company recorded a revenue of 25.02 million, which was lower than the forecast of 28.51 million made by some analysts.

The stock market has a tendency to become sophisticated sometimes, even for seasoned investors and traders. Even when a trader got what he/she had expected, the market sometimes decides to move in the opposite direction. This volatility sometimes leads to some traders doubting and second-guessing their moves. This is why getting to know historical price performance, as well as both long-term and short-term trends, is very important. Over the past one week, SNDL price has surged by 0.83%. A look at its price performance over the past three months sees the stock go down by -62.31%, while it has lost -90.16% over the past six months.

Let us now look at some of its likely support and resistance level. Recent research on Sundial Growers Inc. (SNDL) has seen its stock trading -69.90% below its three-month high price. A look at the other side also sees stock trading +3.42% above its three-month low. A wider look sees SNDL trading -69.90% below its 52-week high and 3.42% above from its 52-week low price.

Let us now take a look at Sundial Growers Inc. (SNDL)’s trading volatility. Its 7-day volatility is around 12.55%, while it has a monthly volatility of 14.77%. SNDL has an ATR (Average True Range) of 0.34. The volatility of a stock is an indication of the stock’s drop or gain in case the wider market drops or surges. A beta score higher than 1 means that a stock is highly volatile while below 1 means that the volatility of a stock is low.

The price of SNDL moved down by -$0.08 during the normal trading session on Friday to trade at $1.21. The Sundial Growers Inc. (SNDL) stock has a trading volume of 1.02 million shares, which is low, compared to its average daily volume of 1.57M shares.