SNDL, Inc. is a company that holds and operates through various businesses related to cannabis and liquor. It has five segments: Liquor Retail (LR), Cannabis Retail (CR), Cannabis Operations (CO), Investments, and Corporate. The SNDL, Inc. was established by S.J. Swiatek on August 19th, 2006, and is based in Calgary state of Canada.
SNDL Bussiness Operation at a Glance
SNDL sells wines, beers, and spirits through its own liquor stores in the LR segment. Moreover, it offers adult-use cannabis through its own and franchise retail cannabis stores in the CR segment.
Also, SNDL grows, distributes, and sells cannabis for domestic and export markets in the CO segment. Furthermore, it invests in other opportunities in the investments segment and it manages the overall strategy and direction of the company in the Corporate segment.
What the SNDL Charts Show
The stock price slumped from December 2022, making lower lows and highs. The price declined from $3.3 to $1.3. The stock price is presently beneath the downward trendline. However, it showed in the past six months that the price consolidated in the demand zone and proved its strength and resilience on the chart.
Currently, the stock is trading above the 20-day moving average. After taking support from the support zone, the price action shows momentum. However it is below 50, 100, and 200-day EMAs which are rejecting the trend.
Nevertheless, if buying volume adds up, then the price might support bullish momentum by making higher highs, and conquering EMAs in the process.
The chart shows a bullish MACD crossover and a bullish RSI reading.
The SNDL stock’s market price increased by 1.96% and last traded at $1.56 in the previous session. It had a trading volume of 2.158 Million shares, which exceeds its 10-day average of 1.854 Million shares. Meanwhile, the company had a market value of $406.006 Million while the shares float is 258.422 Million.
Moreover, the SNDL stock has been a good performer lately as it surged by 1.30% this week. However, the stock fell by 25.71%, since the start of the year and by 35.54% in the past 52 weeks.
Now, it seems like the SNDL stock is ready for a massive surge, as it builds up strength to blast through the barriers and skyrocket to new levels. This could result in a significant price movement and a trend change. This could enhance its reputation and increase its stock price. Meanwhile, the revenue for the next quarter is expected to be $195.876 Million and the EPS to be $0.007. The next earnings release date is November 13, 2023.
In addition, the stock’s ratings are very favorable and rated as a ‘strong buy’, based on the assessments of 1 analyst who evaluated the stock in the prior three months.
SNDL Price Prediction For 2023
Since, three quarters have passed and one is all that remains this year. The stock price could reach a potential high of $2 and an average of $1.5 before the December end.
SNDL Price Prediction For 2024
If SNDL stock price reaches a high of $2 in 2023, then in the year 2024, the stock might go for a potential high of $4.50 and possibly deliver an ROI of 125.00%. Meanwhile, the average could be $3.05 and the potential low could be $1.85, which shows year-to-year change of 103.33% and 48.00%, respectively.
SNDL Price Prediction For 2025
Moreover, if the SNDL accomplishes $4.50 by 2024, a potential high at $6.30 by 2025 end is expected. This could give an investor an ROI of 215.00%, with a year-over-year change of 40.005. Meanwhile, the average could be $5.15 and the potential low could be $3.80, which highlights the year-over-year change of 68.855 and 105.41%, respectively.
SNDL Price Prediction For 2023-2025
Can SNDL Stock Price Boost 215%?
The SNDL stock price might go up to $6.30 by 2025 and may deliver 215% ROI growth by then. The SNDL stock has been a good performer lately. It broke the resistance level and zoom to new highs. This could result in a significant price movement and a trend change.
Currently, the stock is trading above the 20-day moving average. As the price has taken support from the demand zone once again and is headed upward. Moreover, the stock has a bullish MACD crossover and has a high relative strength. Moreover, shows bullish signals and highlights that the SNDL stock price has room to run higher.
Technical Levels
Support Levels: $1.50 and $1.20
Resistance Levels: $1.80 and $2.00
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/11/07/sndl-price-prediction-2023-2025-can-it-deliver-215-return/