National Bank of Canada FI Invests $33,000 in SNDL Inc. (NASDAQ:SNDL)

National Bank of Canada FI bought a new stake in SNDL Inc. (NASDAQ:SNDL) during the fourth quarter, HoldingsChannel.com reports. The fund bought 18,367 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds have also recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in SNDL during the fourth quarter valued at approximately $25,000. EntryPoint Capital LLC bought a new position in shares of SNDL during the 4th quarter worth approximately $32,000. SBI Securities Co. Ltd. acquired a new stake in SNDL in the 4th quarter valued at $69,000. Transform Wealth LLC bought a new stake in SNDL in the fourth quarter valued at $87,000. Finally, Newman Dignan & Sheerar Inc. raised its stake in SNDL by 18.4% during the fourth quarter. Newman Dignan & Sheerar Inc. now owns 64,420 shares of the company’s stock worth $115,000 after acquiring an additional 10,000 shares in the last quarter.

SNDL Price Performance

Shares of SNDL stock opened at $1.36 on Friday. The stock has a market capitalization of $357.38 million, a price-to-earnings ratio of -4.39 and a beta of 3.23. The firm’s 50-day moving average price is $1.59 and its two-hundred day moving average price is $1.80. The company has a current ratio of 5.61, a quick ratio of 4.16 and a debt-to-equity ratio of 0.10. SNDL Inc. has a 1-year low of $1.26 and a 1-year high of $2.93.

SNDL (NASDAQ:SNDL) last released its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18). SNDL had a negative return on equity of 8.27% and a negative net margin of 12.11%. The business had revenue of $179.06 million for the quarter, compared to the consensus estimate of $248.10 million. On average, equities analysts predict that SNDL Inc. will post -0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, ATB Capital boosted their target price on shares of SNDL from $3.50 to $4.00 in a research note on Wednesday, March 19th.

SNDL Company Profile

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.