STKL Stock Summary and Trading Ideas (Sunopta | NASDAQ:STKL)

SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. The company is a manufacturer for leading natural and private label brands and also produces its own propriety brands, including SOWN, Dream and West Life. The core of its product portfolio is a range of plant-based beverages, including oat, almond, soy, coconut and rice milks and creamers, which have a favorable climate profile relative to traditional dairy milks in terms of lower carbon emissions and water usage. Their plant-based offerings include non-genetically modified, organic, and gluten-free products. The consumer products portfolio also includes protein shakes, teas, broths, and fruit snacks.

Sunopta trades on the NASDAQ stock market under the symbol STKL.

As of April 23, 2024, STKL stock price climbed to $6.55 with 746,929 million shares trading.

STKL has a beta of 0.61, meaning it tends to be less sensitive to market movements. STKL has a correlation of 0.02 to the broad based SPY ETF.

STKL has a market cap of $757.23 million. This is considered a Small Cap stock.

Last quarter Sunopta reported $182 million in Revenue and $.05 earnings per share. This beat revenue expectation by $10 million and exceeded earnings estimates by $.03.

In the last 3 years, STKL stock traded as high as $13.87 and as low as $2.79.

The top ETF exchange traded funds that STKL belongs to (by Net Assets): IWM, IWO, VTWO, IWC, ETHO.

STKL stock has underperformed the market in the last year with a return of -19.5%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in STKL shares. However, STKL has outperformed the market in the last 3 month and 2 week periods, returning +11.8% and -1.1%, while SPY returned +4.9% and -2.5%, respectively. This indicates STKL has been having a stronger performance recently.

STKL support price is $6.18 and resistance is $6.54 (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 STKL stock will trade within this expected range on the day.