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Saturday, June 3, 2023

Is SunOpta Inc. (NASDAQ: STKL) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for SunOpta Inc. (STKL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0389, or 0.48%, to $8.1489. The SunOpta Inc. has recorded 11,206 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that SunOpta Announces First Quarter 2023 Financial Results.

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Stocks Info

STKL belongs to the Consumer Defensive sector of the NASDAQ while operating in the Packaged Foods industry. At the end of the last regular session, the stock closed at $8.11 and fluctuated between $8.22 as its day high and $7.99 as its day low. The current market capitalization of SunOpta Inc. is $919.92M. A total of 0.78 million shares were traded on the day, compared to an average of 874.43K shares.

In the most recent transaction, Buick Mike sold 7,000 shares of STKL for 7.80 per share on Mar 10. After the transaction, the SVP and GM now owns 146,519 company shares. In a previous transaction on Dec 14, Largey David sold 6,788 shares at 8.37 per share. STKL shares that Chief Quality Officer owns now total 36,040.

Among the insiders who sold shares, Fisher Rebecca disposed of 10,000 shares on Sep 15 at a per-share price of $10.12. This resulted in the Director holding 60,425 shares of STKL after the transaction. In another insider transaction, Largey David sold 5,000 shares at $10.05 per share on Sep 14. Company shares held by the Chief Quality Officer now total 42,828.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for STKL in the last 3 months, the mean price target is $15.00 with high estimates of $18.00 and low estimates of $12.00. In terms of 52-week highs and lows, STKL has a high of $11.67 and a low of $4.85.

As of this writing, STKL has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0 per share and a lower estimate of -$0.04.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. STKL’s latest balance sheet shows that the firm has $227.00k in Cash & Short Term Investments as of fiscal 2021. There were $275.83M in debt and $143.39M in liabilities at the time. Its Book Value Per Share was $2.96, while its Total Shareholder’s Equity was $333.13M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 5.00.

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