Other pot stocks, Sundial Growers and Aurora Cannabis , were also among the most active on the platform, reflecting high retail interest, traders said. Sundial Growers Inc. (NASDAQ:SNDL) closed a share offering valued at roughly $74.5 million this week. "It's the Reddit army and friends," said Stefan de Schutter, portfolio manager and Alpha Trading in Frankfurt. Sundial Growers has quickly become a favorite among retail investors. Retail investors on ... Sundial Growers is on track for $71 million in sales in 2021 … I'm not bashing Sundial. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. But what a difference a new year can make. The following stock chart sums it up pretty well. ET However, Sundial raised CA$48 million after the end of Q3 through a stock offering. Cumulative Growth of a $10,000 Investment in Stock Advisor, Is It Too Late to Buy Hot Reddit Stock Sundial Growers? As per stock market analysts, NASDAQ: SNDL stock will bring in $-0.11 earnings per share.That would mean that its EPS will grow by $-0.5. My view, though, is that the party is probably already over, and if not, it soon will be. SNDL Stock: Why Reddit Play Sundial Growers Is Plunging Today Sarah Smith 2/2/2021 Bible teacher Beth Moore, Trump critic and advocate for sex abuse victims, says she is no longer Southern Baptist Sales could rise this year as COVID-19 concerns fade.Â. That prompted other investors to jump aboard the bandwagon. Until recently, Sundial Growers (NASDAQ:SNDL) was one of the lesser-known publicly traded cannabis cultivators. Considering that Sundial lost more than CA$71 million in the third quarter, that cash position could be viewed as problematic, to say the least. Or is it just the beginning of a steep decline? Here's a big thank you to the Reddit community. It's worked to improve its cultivation processes and is focusing more on products with high THC potency that customers want. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. You've definitely made investing even more interesting than usual so far in 2021. SNDL Stock: Cannabis Play Sundial Growers Flies High on Reddit Stocks Rally Robert Lakin 1/28/2021 Rochester police officer fatally shoots man armed with a knife outside a homeless shelter, police say It’s a Canadian cannabis adult-use company that gets a lot of positive attention. One of the companies that had its stock price move upwards was Sundial Growers ( SNDL ) . Like many cannabis names, the Calgary, Alberta firm has had problems with the company saying it was out of cash two-quarters after it went public more was available But as of December 21, … @themotleyfool #stocks $SNDL, 3 Cannabis Companies Sundial Growers Could Buy for Cash Right Now. View all Motley Fool Services. To answer those questions, we need to dive into what's really important for Sundial Growers. Yet that's where Sundial's market cap stands, even after Thursday's decline. use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username find submissions by "username" site:example.com find submissions from "example.com" url:text search for "text" in url selftext:text search for "text" in self post contents Sundial Growers (NASDAQ:SNDL) stock is another of the equities that got caught up in the Reddit wars. SNDL stock advanced from 47 cents at the end of 2020 to as high as $3.96 in … Stock Advisor launched in February of 2002. But what a difference a new year can make. Recently, Reddit users have been a major force behind the turbocharged returns of several marijuana stocks. I think that moment has passed for Sundial. Those are simply the facts. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Ouch. On Thursday, though, the fun came to a halt. Reddit gives you the best of the internet in one place. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries. At one point last year, the pot stock had lost over 95% of its value. This article represents the opinion of the writer(s), who may disagree with the "official" recommendation position of a Motley Fool premium advisory service. Let's be candid here: A company with net revenue of CA$47 million (around $37 million) during the first nine months of last year and no realistic path to boost that number by a huge amount in the near future isn't worth $3.6 billion. Dialing up big gains. Stock market analysts also predict that the company’s EPS will increase by -$0.15 for 2021. Sundial Growers Inc (SNDL) Stock Price and Discussion (March … Even investors who aren't on Reddit have been impacted by the waves made by those who are active on the online platform. 4 weeks Why Sundial Growers Will Out-Perform Expectations in 2021 and Continue to Expand Through 2025 – Information for New and Serious Traders Reddit THIS IS NOT FINANCIAL ADVICE, PLEASE DO YOUR OWN DD BEFORE PURCHASING SHARES OF ANY STOCK That could entice some to scoop up shares. jump to content. We’re motley! One thing that's critical for Sundial is its cash position. Get an ad-free experience with special benefits, and directly support Reddit. Is it too late to buy Sundial Growers stock? In 2020, Sundial Growers’ shares plunged 84%. Here's a big thank you to the Reddit community. That prompted other investors to jump aboard the bandwagon. In the heated presidential race last year, US Vice President Kamala Harris pledged to decriminalize cannabis, once in office. Sundial Growers also surprised investors last month with news that it was debt-free. Then Reddit traders joined in and pushed the prices even further upwards. Cannabis names like Tilray and Sundial sharply reverse Reddit-driven gains Feb. 11, 2021 10:04 AM ET Sundial Growers Inc. (SNDL) By: Dulan Lokuwithana , SA News Editor 158 Comments I can’t provide you with all the … Sundial Growers (NASDAQ:SNDL) has had one of the craziest runs of any stock so far in 2021. One of the companies that had its stock price move upwards was Sundial Growers ( SNDL ) . Yet, the hype that surrounds it does represent a real opportunity for It’s a Canadian cannabis adult-use company that gets a lot of positive attention. The following stock chart sums it up pretty well. We're motley! The key difference between these stocks and Sundial is that they're profitable and generating strong revenue growth, with solid opportunities for continued momentum.Â, You can make fast money if you jump onto a hot stock quickly enough. But is it too late to buy this red-hot Reddit pot stock? Sundial is taking some steps to attempt to stop the bleeding. ... Reddit. use the following search parameters to narrow your results: and join one of thousands of communities. Canadian cannabis producer Sundial Growers (NASDAQ:SNDL) especially stands out in that group. Source: Pixabay, Sundial Growers Facebook Sundial Growers Stock Is a Buy for Day Traders, Not Long-Term Investors By Anuradha Garg. Sundial shareholders exposed to extreme volatility. Does this pullback present an opportunity to buy Sundial? The stock skyrocketed 79% in a single day earlier this week. Now, after attracting the attention of a swarm of Reddit … Source: Shutterstock Fundamentally it shows some real weakness, and I’ve yet to see any really well-thought out arguments that would convince me to consider buying it. Sundial Growers (NYSE:SNDL) is one such stock that’s seen several highs and lows in its 19 months since launch. GameStop Reddit Traders Flock to SNDL - Is This Penny Stock … Sundial's sob story has turned into a rousing celebration in 2021. Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. As of now, the company’s market capitalization stands at $36.57. Going by what the stock market experts estimate, Sundial Growers Inc will witness an EPS … By David Moadel, InvestorPlace Contributor Mar 10, 2021, 3:05 pm EDT March 10, 2021 Canadian cannabis company Sundial Growers (NASDAQ: SNDL ) … My answer is an emphatic "yes."Â. Sundial Growers ($SNDL) - Full DD and Analysis for February 15, 2021 (self.wallstreetbets), Sundial Growers ($SNDL) - Full DD and Analysis for February 15, 2021, [–]Invest_Master[S] 0 points1 point2 points 27 days ago (0 children). Returns as of 3/12/2021. You've definitely made investing even more interesting than usual so far in 2021. But you can also make plenty of money by investing in a well-run company with great growth prospects and holding it long enough.Â. These moves helped alleviate Sundial's short-term cash worries. my subreddits. The good news for investors who want to profit from the cannabis boom is that there are other stocks that are still great picks. What happened? Shares of the Canadian cannabis producer are trading up … Returns as of 03/15/2021. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Sundial's sob story has turned into a rousing celebration in 2021. The party continued to rock along until Sundial had skyrocketed over 520%. At one point last year, the pot stock had lost over 95% of its value. Is Sundial Growers (SNDL) a Short Squeeze, MEME/Reddit Stock, or SOMETHING ELSE? Then Reddit traders joined in and pushed the prices even further upwards. Recently, Reddit users have been a major force behind the turbocharged returns of several marijuana stocks. Then Reddit traders joined in and pushed the prices even further upwards. Hint: It's not the stock price.Â. Sundial’s sob story has turned into a rousing celebration in 2021. © 2021 reddit inc. All rights reserved. Sundial Growers (SNDL) stock is on a tear in 2021, and has risen 555 percent. It also took advantage of its huge stock run-up and closed another stock offering earlier this month that generated gross proceeds of $74.5 million. The party continued to rock along until Sundial had skyrocketed over 520%. Investors started to sell pot stocks, including Sundial. Reddit users started talking about Sundial, and they began buying up shares. What's the stock's forecast for 2021? How Much Is Sundial Growers Really Worth? The Calgary, Canada-based company currently has some $610 million in cash, in addition to marketable securities and loans receivable of approximately $61 million, and approximately 1.56 billion common shares outstanding. In 2020, Sundial Growers' shares plunged 84%. Reddit users have helped make Sundial Growers (NASDAQ: SNDL) a red-hot pot stock in 2021. They didn't address the bigger underlying problem, though: The company continues to lose a boatload of money. What happened? edit subscriptions. In less than a week, individual investors on social media sites sent Sundial Growers (NASDAQ: SNDL) stock up 100% to $1.20, capping off a 760% gain … Recently, Reddit users have been a … Search up this article (sundial growers splashy deal-nasdaq) I am no financial advisor DO YOUR OWN RESEARCH. Sure, shares could bounce back for a little while after the recent pullback. Sundial Growers (NASDAQ: SNDL) is all three of these things, and thus became a Reddit play. February 12, 2021; Ryan T. 4 Cannabis Stocks That Could Benefit From the “Short Squeeze” Revolution. Market data powered by FactSet and Web Financial Group. At the end of September, the company had 21 million in Canadian dollars in cash and cash equivalents. Canadian cannabis producer Sundial Growers (NASDAQ:SNDL) especially stands out … r/SundialGrowers: about all things SNDL, but mostly just the stock part of it, promote my community as well as r/SNDL Feb. 2 2021, Published 8:26 a.m. Even investors who aren't on Reddit have been impacted by the waves made by those who are active on the online platform. REDDIT and the ALIEN Logo are registered trademarks of reddit inc. π Rendered by PID 1958 on r2-app-0b2fce4b378f54ca2 at 2021-03-15 01:07:01.720247+00:00 running 1ebdfbe country code: US. Why Sundial Growers Stock Gained Again, but Tilray and OrganiGram Holdings Dropped Today Pot stocks are popular with the Reddit crowd right now, … Ouch. Another thing that's really important is valuation. Only approved users may post in this community. Sundial Growers' Price Target Just Jumped 20% -- but There's a Catch, Copyright, Trademark and Patent Information. ... Sundial Growers: Implied downside of 75%. Rendered by PID 1958 on r2-app-0b2fce4b378f54ca2 at 2021-03-15 01:07:01.720247+00:00 running 1ebdfbe country code: US. That is, small traders at the sub-Reddit r/WallStreetBets banded together and … Reddit users started talking about Sundial, and they began buying up shares.

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