SNDL (NASDAQ:SNDL) Issues Earnings Results

SNDL (NASDAQ:SNDL) posted its earnings results on Thursday. The company reported ($0.01) EPS for the quarter, Zacks reports. SNDL had a negative net margin of 12.36% and a negative return on equity of 8.24%. The business had revenue of $166.73 million during the quarter, compared to analysts’ expectations of $175.76 million. During the same quarter in the prior year, the firm earned ($0.08) EPS.

SNDL Trading Down 4.5 %

Shares of SNDL stock traded down $0.10 on Friday, hitting $2.11. The stock had a trading volume of 4,278,047 shares, compared to its average volume of 2,942,836. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.22 and a quick ratio of 2.86. SNDL has a 1 year low of $1.30 and a 1 year high of $2.93. The company’s 50 day moving average price is $2.07 and its 200-day moving average price is $1.88.

Analyst Ratings Changes

Separately, Canaccord Genuity Group started coverage on SNDL in a report on Wednesday, July 17th. They issued a “speculative buy” rating and a $3.25 price objective on the stock.

About SNDL

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.