SNDL STOCK UPDATE ! Sundial Growers earnings announced ! - US STOCK

SNDL STOCK UPDATE! Sundial Growers earnings announced! - US STOCK

SNDL STOCK FORCAST STORY

 

Hello everyone ! 

Again I am back with a US STOCK story. Today I am going to write about 'Sundial Growers (SNDL) stock update' which probably many US Stock investers are very interested in recent days. 

 

Does everyone well know about 'Sundial Growers'?

 

I guess If you are from North America, or if you are a US STOCK investor, you will be definitely familar with the company name, but if you are not either a North American or a US Stock investor, you probably have no idea what I am talking about now. 

 

So Before I talk about the recent update of the SNDL Stock, I would like to introduce about what 'Sundial Growers' company do for those of you who are not familar with its name of the company. 

 

Sundial Growers 

 

Sundial Growers (SNDL) is a company that engages in production and marketing of cannabis products in Canada. Its headquarter is located in Calgary, Canada where Consume cannabis on one's private property is allowed under provincial and Municipal laws. 

 

So If you are living in Calgary now and if you want to smoke cannabis in your own place, the City of Calgary will not care or regulate the use of cannabis on your private property. 

 

Shares of Sundial Growers has received a boost in recent days following by the election of President Joe Biden. SNDL Stock has reached almost $3 in Feberury which is all time high in its history after President Biden has elected as he has proised to decriminalized marijuana in US. 

 

Although SNDL Stock price has been gradually gone down since last Feburary, a huse amount of US Stock Investors are still buying and selling it continusly as its stock price is relatively low. 

 

 

So how much is the SNDL Stock price today? 

 

The shares of Sundial growers has gone down about 7% than yesterday and the price has ended up $1.22 in the market today. 

 

Personally, I have not bought any shares of Sundial growers yet but its stock price seems very attractive to me right now since it has experienced extreme volatility, ranging in price from as low as $0.14 per share to as high as $2.95 per share recently. 

 

So I imagined something like "okay let's say I buy 1000 shares of SNDL at $1,00 per share, and it would cost me only $1000, for 1000 shares?!!! That sounds awesome. what if the stock price is gone up to $10 in 10 years from now? how much much would I make then?!! wow I must buy them now. 

 

But, those of you, who want to invest on the share of SNDL in the near future, have to be very careful and cautious because the company has experienced ' no recent change in their financial condition or results of operations'. 

 

 

Of course, no one cannot predict what happens in the future so no one knows whether the SNDL STOCK price would have gone up gradually in the future or not. 

 

So I also Imagined what would happen to me if the SNDL Stock price would gone down badly and never gone up, 

the result was simple, it would be not an issue unless I invest more than $1000. I could live with or without $1000.

Do I have an agreement here? 

 

 

So I have made my mind, I am going to buy SNDL stock when its price become less than $1.00 per share, I guess I need be more patient for few days as its price is currently $1.22. 

 

BUT !! 

 

For those of you who would like to buy Sudial Growers after reading this posting, I want you to consider these 3 things. 

 

1. In 2020, the revenue of Sundial Growers fell by 4% year over year depite the fact that the company has produced 36% more cannabis that 2019. 

 

2. Canana marijuana market is being highly competitive at the moment.

 

3. Again, like I pointed out before, the company has experienced ' no recent change in their financial condition or results of operations despite the recent extreme volatility'. 

 

 

Alright. This is it for today

I will be back with more useful information about US Stock later. 

Thank you very much for reading my blog and See you next time.