SNDL Target of Unusually High Options Trading (NASDAQ:SNDL)

SNDL Inc. (NASDAQ:SNDL) saw unusually large options trading on Tuesday. Traders bought 26,606 call options on the company. This is an increase of 145% compared to the typical daily volume of 10,862 call options.

Institutional Trading of SNDL

Several hedge funds have recently modified their holdings of SNDL. Capital Advisors Inc. OK purchased a new stake in shares of SNDL during the 3rd quarter worth approximately $26,000. Tower Research Capital LLC TRC grew its position in shares of SNDL by 163.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 28,507 shares of the company’s stock worth $47,000 after buying an additional 17,669 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of SNDL by 80.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 40,872 shares of the company’s stock worth $78,000 after buying an additional 18,241 shares in the last quarter. Firethorn Wealth Partners LLC boosted its position in SNDL by 51.4% during the fourth 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. Finally, Vontobel Holding Ltd. boosted its position in SNDL by 93.9% during the fourth quarter. Vontobel Holding Ltd. now owns 116,780 shares of the company’s stock valued at $192,000 after purchasing an additional 56,544 shares in the last quarter.

SNDL Stock Down 10.1 %

NASDAQ SNDL opened at $2.22 on Thursday. The stock’s 50 day moving average is $1.76 and its 200 day moving average is $1.57. The company has a current ratio of 3.94, a quick ratio of 2.69 and a debt-to-equity ratio of 0.11. SNDL has a 12 month low of $1.25 and a 12 month high of $2.67. The stock has a market cap of $368.56 million, a PE ratio of -4.53 and a beta of 3.42.

SNDL (NASDAQ:SNDL) last issued its quarterly earnings data on Wednesday, March 20th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.10). The firm had revenue of $182.51 million for the quarter, compared to analysts’ expectations of $178.85 million. SNDL had a negative return on equity of 11.40% and a negative net margin of 18.45%. Research analysts predict that SNDL will post -0.05 EPS for the current fiscal year.

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.