SNDL (SNDL) to Release Earnings on Monday

SNDL (NASDAQ:SNDL – Get Free Report) will be posting its quarterly earnings results before the market opens on Monday, August 14th. Individual that wish to register for the company’s earnings conference call can do so using this link.

SNDL (NASDAQ:SNDL – Get Free Report) last released its quarterly earnings results on Monday, May 15th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $149.73 million for the quarter. SNDL had a negative return on equity of 6.61% and a negative net margin of 36.81%.

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SNDL Price Performance

NASDAQ:SNDL opened at $1.59 on Friday. The stock’s 50-day moving average is $1.44 and its 200-day moving average is $1.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.35 and a current ratio of 4.90. SNDL has a 1-year low of $1.25 and a 1-year high of $3.59.

Hedge Funds Weigh In On SNDL

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of SNDL by 26.4% in the second quarter. State Street Corp now owns 2,955,619 shares of the company’s stock worth $964,000 after acquiring an additional 618,088 shares during the period. Millennium Management LLC lifted its stake in shares of SNDL by 3,346.5% in the second quarter. Millennium Management LLC now owns 985,713 shares of the company’s stock worth $321,000 after acquiring an additional 957,113 shares during the period. Morgan Stanley lifted its stake in shares of SNDL by 17.9% in the fourth quarter. Morgan Stanley now owns 849,841 shares of the company’s stock worth $1,776,000 after acquiring an additional 129,086 shares during the period. HRT Financial LP acquired a new position in shares of SNDL in the first quarter worth approximately $1,256,000. Finally, Citigroup Inc. lifted its stake in SNDL by 104.5% in the first quarter. Citigroup Inc. now owns 494,469 shares of the company’s stock valued at $346,000 after buying an additional 252,646 shares during the period.

SNDL Company Profile

(Get Free Report)

SNDL Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through four segments: Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments. 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.

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