Pot Stock Sundial Growers Inc (SNDL) Drops 2.84% Thursday; Analysts Are Neutral, Are They Wrong?

Sundial Growers Inc is a player in the cannabis industry that is lower by 2.84% Thursday. Wall Street is neutral on Sundial Growers Inc (SNDL). On average, analysts give Sundial Growers Inc a Hold rating. The average price target is $0.89, which means analysts expect the stock to rise by 27.14% over the next twelve months. That average ranking earns Sundial Growers Inc an Analyst Rating of 4, which is better than 4% 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 is trading at $0.70 as of 1:03 PM on Thursday, Mar 31, a drop of -$0.02, or -2.84% from the previous closing price of $0.72. The stock has traded between $0.69 and $0.74 so far today. Volume today is 102,920,283 compared to average volume of 106,799,923. Click Here to get the full Stock Report for Sundial Growers Inc stock.