Cannabis Stock Sundial Growers Inc (SNDL) Surges 3.47% Wednesday; Analysts Are Neutral, Are They Wrong?

Cannabis stock SNDL is in the clouds Wednesday, increasing 3.47%. Analysts who follow Sundial Growers Inc (SNDL) on average expect it to decrease -9.51% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns the stock an Analyst Ranking of 1, which means it ranks higher than 1 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating SNDL a Hold today. Find out what this means to you and get the rest of the rankings on SNDL!

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Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Sundial Growers Inc Stock Today?

Sundial Growers Inc (SNDL) stock has gained 3.47% while the S&P 500 has fallen -0.12% as of 9:31 AM on Wednesday, Jul 28. SNDL is higher by $0.03 from the previous closing price of $0.79 on volume of 2,930,606 shares. Over the past year the S&P 500 has risen 36.59% while SNDL is higher by 28.57%. SNDL lost -$0.89 per share the over the last 12 months. Click Here to get the full Stock Report for Sundial Growers Inc stock.