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Tuesday, January 31, 2023

SunOpta Inc. (NASDAQ: STKL) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for SunOpta Inc. (STKL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.32, or 3.94%, to $8.45. The SunOpta Inc. has recorded 12,297 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that SunOpta Inc. to Participate in the 25th Annual ICR Conference.

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Stocks Info

SunOpta Inc. is listed on the NASDAQ as a member of the Consumer Defensive sector and is a part of the Packaged Foods industry. At the end of the last regular session, the stock closed at $8.13 and fluctuated between $8.39 as its day high and $8.12 as its day low. The current market capitalization of SunOpta Inc. is $880.56M. A total of 0.82 million shares were traded on the day, compared to an average of 1.04M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, STKL has seen 18 BUY and 0 SELL insider trades, representing the acquisition of 43,466 and the disposition of 0 shares. Over the last 12 months, there were 136 BUYs and 238 SELLs from insiders. Insiders purchased 1,403,256 shares during that period but sold 5,811,244.

In the most recent transaction, Largey David sold 6,788 shares of STKL for 8.37 per share on Dec 14. After the transaction, the Chief Quality Officer now owns 36,040 company shares. In a previous transaction on Sep 15, Fisher Rebecca sold 10,000 shares at 10.12 per share. STKL shares that Director owns now total 60,425.

Among the insiders who sold shares, Largey David disposed of 5,000 shares on Sep 14 at a per-share price of $10.05. This resulted in the Chief Quality Officer holding 42,828 shares of STKL after the transaction. In another insider transaction, Largey David sold 5,000 shares at $10.10 per share on Sep 13. Company shares held by the Chief Quality Officer now total 47,828.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for STKL in the last 3 months, the mean price target is $15.20 with high estimates of $18.00 and low estimates of $13.00. In terms of 52-week highs and lows, STKL has a high of $11.67 and a low of $4.22.

As of this writing, STKL has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.03 per share and a lower estimate of -$0.03.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for STKL is Overweight with a score of 5.00. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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