Sundial Growers (SNDL) stock closed up 7% Wednesday and was moving up strongly after hours, but buyers should beware: it’s being talked about on the same Reddit chatroom that has been the site of an organized effort to push up GameStop shares and some other high-interest stocks.
Shares of GameStop and some other heavily shorted stocks have skyrocketed after users of a Reddit board called wallstreetbets began hyping them in an effort to spike the prices. This is a move that causes a lot of volatility for these stocks, so it’s important to note that the prices may continue to rise or may suddenly fall sharply. Casual investors should steer clear or be prepared to keep a close eye on any positions they take.
Sundial Growers Inc (SNDL) is a leading drug manufacturers-specialty & generic business based in the US. It opened the day at USD$1.34 after a previous close of USD$1.31. During the day the price has varied from a low of USD$1.31 to a high of USD$1.35. The latest price was USD$1.335 (25 minute delay). Sundial Growers is listed on the NASDAQ and employs 868 staff. All prices are listed in US Dollars.
How to buy shares in Sundial Growers from India
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Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
Search for Sundial Growers Find the stock by name or ticker symbol: SNDL. Research its history to confirm it's a solid investment against your financial goals.
Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Sundial Growers reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
Decide on how many to buy. At last close price of USD$1.37, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Sundial Growers, depending on your broker.
Check in on your investment. Congratulations, you own a part of Sundial Growers. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
How has coronavirus impacted Sundial Growers's share price?
Since the stock market crash in March caused by coronavirus, Sundial Growers's share price has had significant negative movement.
Its last market close was USD$1.37, which is 10.46% down on its pre-crash value of USD$1.53 and 140.35% up on the lowest point reached during the March crash when the shares fell as low as USD$0.57.
If you had bought USD$1,000 worth of Sundial Growers shares at the start of February 2020, those shares would have been worth USD$555.63 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,014.81.
Sundial Growers share price
Use our graph to track the performance of SNDL stocks over time.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
Is it a good time to buy Sundial Growers stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Sundial Growers price performance over time
Historical closes compared with the last close of $1.335
1 week (2021-04-09)
1 month (2021-03-19)
3 months (2021-01-16)
6 months (2020-10-16)
1 year (2020-04-16)
2 years (2019-04-16)
3 years (2018-04-16)
5 years (2016-04-16)
Sundial Growers financials
Gross profit TTM
Return on assets TTM
Return on equity TTM
TTM: trailing 12 months
Shorting Sundial Growers shares
There are currently 180.1 million Sundial Growers shares held short by investors – that's known as Sundial Growers's "short interest". This figure is 69.3% up from 106.4 million last month.
There are a few different ways that this level of interest in shorting Sundial Growers shares can be evaluated.
Sundial Growers's "short interest ratio" (SIR)
Sundial Growers's "short interest ratio" (SIR) is the quantity of Sundial Growers shares currently shorted divided by the average quantity of Sundial Growers shares traded daily (recently around 428.9 million). Sundial Growers's SIR currently stands at 0.42. In other words for every 100,000 Sundial Growers shares traded daily on the market, roughly 420 shares are currently held short.
However Sundial Growers's short interest can also be evaluated against the total number of Sundial Growers shares, or, against the total number of tradable Sundial Growers shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Sundial Growers's short interest could be expressed as 0.11% of the outstanding shares (for every 100,000 Sundial Growers shares in existence, roughly 110 shares are currently held short) or 0.1105% of the tradable shares (for every 100,000 tradable Sundial Growers shares, roughly 111 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Sundial Growers.
Frequently asked questions
Currently 1.628% of Sundial Growers shares are held by insiders and 3.084% by institutions.
Soujanya Datta works for the International Investments team at Finder, helping users to get better with trading and investment literacy. She was part of the core finance and FinTech team for Finder's ROW markets previously. Before joining Finder, she worked as a quantitative researcher for companies like PayPal and Kepler Analytics. She holds a double master's degree in Quantitative Research and Marketing from Macquarie University, Sydney. Outside of work, you will find her searching for the best brunch spots in Sydney.
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