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Tag: Sundial Growers stock

  • Sundial (SNDL) Stock Price Is Up 7% In Premarket Trading. Why?

    The share price of Sundial Growers Inc. (SNDL) was up 7.0% in premarket trading at last check. During Wednesday’s session, Sundial stock gained 12.15 percent to close at $1.00. A count of 233.33 million shares of SNDL stock traded on Wednesday was a bit higher than the 231.66 million shares traded daily in the past 50 days.

    Within the past week, SNDL stock has gained 1.06%, bringing its twelve-month gain to 9.89%. For the past three months, SNDL stock lost -11.11%, whereas for the past six months, it has gained 97.82%. SNDL has an outstanding share count of approximately 1.66 billion and its market capitalization is $1.93 billion. The SNDL stock is once again flying high to the tune of positive mentions on different social media platforms.

    Has SNDL been hyped up by memes?

    The business of Sundial is divided into two segments: Cannabis and Investments. A total of 448,000 square feet of growing space is available at SNDL cannabis operations in Canada to cultivate small quantities of cannabis by using the “room” approach. In addition to its ‘craft-at-scale’ modular growing approach, award-winning genetics, and experienced growers, it is an award-winning licensed producer that crafts cannabis using state-of-the-art indoor facilities. SNDL’s investment operations aim to invest and partner globally in the cannabis sector in a direct and indirect manner.

    Cannabis companies that are seen as likely consolidators have attracted traders in recent weeks. Many weed producers struggle to turn a profit, and SNDL is no exception. SNDL has strengthened its stock price due partly to its popularity on Reddit and other stock-focused forums. The SNDL, however, remains the riskiest bet since it has produced losses in the past.

    Last month, Sundial announced its financial and operational results for the first quarter of 2021. A closer look at the same could provide us with insight into SNDL’s standing.

    Financial and Operational Highlights:

    • In the first quarter, operations at SNDL generated earnings of $1.7 million compared to a loss of $32.7 million in the previous quarter.
    • A loss of $134.4 million was recorded by SNDL in the reported quarter as a result of $130.0 million of noncash amounts accounting for share price volatility.
    • At March 31, 2021, SNDL held $96.0 million of cannabis-related loans and marketable securities which generated $15.7 million in income.
    • In the reported quarter, SNDL’s cannabis revenue dropped 30% to $11.7 million from a year-ago revenue of $12.7 million.

    Operational efforts by SNDL:

    Sundial (SNDL) remained struggling to increase its cultivation and processing activities along with its commitment to improving cultivation outcomes. Due to the continued growth of the discount segment and inventory monetization strategies through the Grasslands brand, SNDL experienced decreased revenue in the first quarter. In addition, seasonality and COVID-19 restrictions affected SNDL’s sales in the first quarter.

  • Sundial Growers Inc. (NASDAQ: SNDL) stock decline in Pre-market session as it Files New Shelf Registration Statement

    Sundial Growers Inc. (NASDAQ: SNDL) stock decline in Pre-market session as it Files New Shelf Registration Statement

    Sundial Growers Inc. (NASDAQ: SNDL) saw a dip in the pre-market session as the stock was down -9.35% to $0.475 after it reported that a “universal shelf” registration statement has been filed with the U.S. on Form F-3. The Stock and Exchange Commission requires up to US$200 million for the listing and selling of different securities. The Firm has also submitted a preliminary prospectus supplement for up to US$150 million of the Company’s common stock in respect of a proposed at-the-market equity scheme (the ‘ATM Program’).

    The Corporation plans to make use of the ATM Scheme’s gross revenues, if any, to continue retiring its debt and fund future purchases or developments in machinery, services, other undertakings, goods or technology, working capital, and general corporate purposes.

  • Market Movers: What changed for these 28 stocks while you were sleeping

    Market Movers: What changed for these 28 stocks while you were sleeping

    Aurora Cannabis Inc. (NYSE: ACB) shares are trading down -15.66% at $7.0 at the time of writing. The company’s 52-week range was noted as $3.71 to $45.48. Meanwhile, Aurora Cannabis revealed Proposed Public Offering.

    Pareteum Corporation (TEUM) tumbled over -57.47% at $0.1999 in pre-market trading today after Pareteum Delivered Business Update in Open Letter to Shareholders.

    Waitr Holdings Inc. (WTRH), a Software – Application company, rose about 6.59% at $2.75 in pre-market trading Wednesday.

    Jumia Technologies AG (JMIA) stock moved up 4.49 percent to $13.49 in the pre-market trading after Jumia posted Third Quarter 2020 Results.

    Tilray Inc. (TLRY) lost over -5.76% at $7.85 in pre-market trading Wednesday 11 November 2020 after the pot company vows profit despite slow sales growth.

    9F Inc. (JFU) is up more than 6.73% at $1.11 in pre-market hours Wednesday 11 November 2020 after the company shares had dropped over -14.75% to $1.04 in the last trading session.

    InnSuites Hospitality Trust (IHT) stock plunged -6.86% to $1.9 in the pre-market trading.

    Before the trading started on 11 November 2020, Destination XL Group Inc. (DXLG) is up 6.32% to reach $0.3296 after the largest omni-channel specialty retailer of big & tall men’s apparel, revealed on November 06, 2020, to announce its third-quarter 2020 results before the market opens on Friday, November 20, 2020. The stock has been trading in a 52-week range of $0.22 to $1.56.

    Novavax Inc. (NVAX) stock soared 5.28% to $82.9 in the pre-market trading following the news that Novavax, working with Morrisville firm, secured fast-track status for Covid-19 vaccine candidate. The most recent rating by H.C. Wainwright, on August 06, 2020, is at a Buy.

    Carnival Corporation & plc (NYSE: CUK) shares are trading up 6.02% at $15.67 at the time of writing after the company announced the sale of 67.1 million shares of Carnival Corporation common stock under its previous $1 billion “on the market” stock offering plan. The company’s 52-week range was noted as $7.08 to $49.03.

    Ballard Power Systems Inc. (BLDP) grew over 4.91% at $15.81 in pre-market trading today after its latest performance.

    Farfetch Limited (FTCH), an Internet Retail company, rose about 4.54% at $42.86 in pre-market trading Wednesday following the announcement on November 5, 2020, that Alibaba and Richemont will be investing $600 million in private convertible notes issued by Farfetch Limited.

    FSD Pharma Inc. (HUGE) stock moved up 14.39 percent to $1.59 in the pre-market trading as Raza Bokhari, CEO of FSD Pharma Inc (NASDAQ: HUGE), revealed that the biopharma company is fully funded to continue progress in its Phase 2 trial on the treatment of patients with hospitalized coronavirus.

    Fuel Tech Inc. (FTEK) gained over 64.26% at $1.25 in pre-market trading Wednesday 11 November 2020 after Fuel Tech Reported 2020 Third Quarter Financial Results.

    HEXO Corp. (HEXO) is down more than -3.88% at $0.75 in pre-market hours Wednesday 11 November 2020 following the announcement by the company that Health Canada has granted Trent MacDonald’s security clearance request under the Cannabis Act. The stock had dropped over -5.99% to $0.78 in the last trading session.

    Before the trading started on 11 November 2020, Phoenix Tree Holdings Limited (DNK) is up 4.61% to reach $1.59. It has been trading in a 52-week range of $1.27 to $13.90.

    DouYu International Holdings Limited (DOYU) stock soared 4.7% to $14.25 in the pre-market trading as China’s leading game-centric live streaming site and a leader in the value chain for eSports, today revealed its financial results for the third quarter. The most recent rating by China Renaissance, on November 05, 2020, is at a Hold.

    Sundial Growers Inc. (NASDAQ: SNDL) shares are trading down -13.38% at $0.3794 at the time of writing following the report that Sundial Growers Inc. (NASDAQ: SNDL) Shares Could Be 47% Below Their Intrinsic Value Estimate. The company’s 52-week range was noted as $0.14 to $4.02.

    Lyft Inc. (LYFT) grew over 5.69% at $38.1 in pre-market trading today following the news that it was working on a new service to take a slice of the burgeoning food-delivery market as it works to make up for a 48% drop in quarterly revenue and a slow recovery of ride-hail demand.

     

    Li Auto Inc. (LI), an Auto Manufacturers company, dropped about -3.21% at $24.43 in pre-market trading Wednesday after the company today announced a voluntary recall on some of its Li ONEs.

     

    Gulfport Energy Corporation (GPOR) stock moved up 6.75 percent to $0.28 in the pre-market trading.

     

    Ayro Inc. (AYRO) is down more than -4.98% at $2.67 in pre-market hours Wednesday 11 November 2020. The stock had dropped over -3.77% to $2.81 in the last trading session.  An engineer and manufacturer of light-duty, urban, and short-haul electric vehicles (EVs), on November 6, 2020, announced financial results for its third quarter of 2020.

     

    Before the trading started on 11 November 2020, Cellectar Biosciences Inc. (CLRB) is up 7.14% to reach $1.2 after, Maxim Group analyst Jason McCarthy assigned a buy rating to Cellectar Biosciences (CLRB) and set a $3.00 price target. It has been trading in a 52-week range of $1.01 to $3.33.

     

    GameStop Corp. (GME) stock soared 5.41% to $11.7 in pre-market trading. The most recent rating by Jefferies, on October 12, 2020, is at a Hold. The company announced that it will redeem $125 million in principal amount of its 6.75% Senior Notes due 2021 on December 11, 2020. This voluntary early redemption covers approximately 63% of the outstanding Notes.

     

    Weidai Ltd. (NYSE: WEI) shares are trading down -3.47% at $1.39 at the time of writing. The company’s 52-week range was noted as $0.73 to $6.40.

     

    Performant Financial Corporation (PFMT) grew over 10.16% at $1.03 in pre-market trading today after a leading provider of technology-enabled recovery and related analytics services in the United States, today reported financial results for its third quarter ended September 30, 2020.

     

    Five Prime Therapeutics Inc. (FPRX), a biotechnology company, rose about 278.46% at $20.21 in pre-market trading Wednesday after the company had announced that its gastric cancer drug met all three of its Phase 2 study efficacy endpoints.

     

    Datadog Inc. (DDOG) stock moved down -9.3 percent to $83.99 in the pre-market trading following an estimate-beating sales outlook, but investors who have seen the stock more than double this year have not been pleased. Furthermore, Datadog Released Monitoring Features for Detecting and Debugging DNS Issues.