|Bid||2.1800 x 42300|
|Ask||2.1900 x 29200|
|Day's Range||2.1600 - 2.7700|
|52 Week Range||2.1200 - 9.6000|
|Beta (5Y Monthly)||3.96|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Most stocks slumped heading into the close aside from the cannabis sector, which surged on news of President Biden pardoning all prior federal offenses for simple marijuana possession.
Tilray and SNDL are both down by over 59%, and Aurora's shares are performing even worse, losing more than 77% of their value. Considering that the market-tracking SPDR S&P 500 ETF Trust is only down by around 21.9%, it's no shock that shareholders are second-guessing their investments in these so-called growth stocks, nor is it surprising that potential buyers are hesitating to start new positions. In fact, with the exception of SNDL, their quarterly gross margins have actually gotten worse over the last three years.
SNDL (NASDAQ: SNDL) has transformed its business over the past few years. Although SNDL is a vastly different company, it still has problems attracting investors. SNDL hasn't been a great buy by any stretch, but given the transformation the cannabis company has made, it's clearly not the same company it was just a few years ago.