SNDL Stock Summary and Trading Ideas (SNDL - Common Shares | NASDAQ:SNDL)

SNDL Inc is a private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf. The principal activities of the company are the retailing of wines, beers, and spirits. It comprised four reportable segments: liquor retail, cannabis retail, cannabis operations, and investments. Liquor retail includes the sale of wines, beers, and spirits through owned liquor stores. The company generates maximum revenue from liquor retail.

SNDL - Common Shares trades on the NASDAQ stock market under the symbol SNDL.

As of April 19, 2024, SNDL stock price climbed to $1.87 with 3,115,825 million shares trading.

SNDL has a beta of 1.30, meaning it tends to be more sensitive to market movements. SNDL has a correlation of 0.07 to the broad based SPY ETF.

SNDL has a market cap of $491.97 million. This is considered a Small Cap stock.

In the last 3 years, SNDL stock traded as high as $14.90 and as low as $1.25.

The top ETF exchange traded funds that SNDL belongs to (by Net Assets): MJ, YOLO, PRFZ, CNBS, TOKE.

SNDL has outperformed the market in the last year with a return of +23.0%, while the SPY ETF gained +21.2%. In the last 3 month period, SNDL beat the market returning +29.9%, while SPY returned +3.0%. However, in the most recent 2 weeks SNDL has underperformed the stock market by returning -15.0%, while SPY returned -4.5%.

SNDL support price is $1.71 and resistance is $1.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SNDL stock will trade within this expected range on the day.