SunOpta Inc. (NASDAQ: STKL) stock fell -0.76% on Friday to $3.90 against a previous-day closing price of $3.93. With 1.13 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.2 million shares. During the session, the Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $4.0200 whereas the lowest price it dropped to was $3.9000. The 52-week range on STKL shows that it touched its highest point at $11.67 and its lowest point at $3.62 during that stretch. Beta for the stock currently stands at 1.51.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of STKL was up-trending over the past week, with a rise of 2.09%, but this was down by -10.14% over a month. Three-month performance dropped to -44.05% while six-month performance fell -51.01%. The stock lost -62.86% in the past year, while it has lost -53.79% so far this year. A look at the trailing 12-month EPS for STKL yields -0.29 with Next year EPS estimates of 0.11. For the next quarter, that number is -0.01. This implies an EPS growth rate of -127.40% for this year and 1000.00% for next year. EPS is expected to grow by 30.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 41.80%.
Float and Shares Shorts:
At present, 115.47 million STKL shares are outstanding with a float of 111.32 million shares on hand for trading. On Aug 30, 2023, short shares totaled 5.68 million, which was 4.91% higher than short shares on Jul 30, 2023. In addition to Mr. Joseph D. Ennen as the firm’s CEO & Director, Mr. Scott E. Huckins serves as its Chief Financial Officer.
Through their ownership of 91.60% of STKL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 68.35% of STKL, in contrast to 55.89% held by mutual funds. Shares owned by individuals account for 30.37%. As the largest shareholder in STKL with 17.93% of the stake, Oaktree Capital Management LP holds 20,726,126 shares worth 20,726,126. A second-largest stockholder of STKL, BlackRock Fund Advisors, holds 4,787,482 shares, controlling over 4.14% of the firm’s shares. Nomura Securities Co., Ltd. is the third largest shareholder in STKL, holding 4,702,498 shares or 4.07% stake. With a 2.74% stake in STKL, the Diamond Hill Select Fund is the largest stakeholder. A total of 3,161,928 shares are owned by the mutual fund manager. The American Beacon Small Cap Value F, which owns about 2.03% of STKL stock, is the second-largest Mutual Fund holder. It holds 2,347,348 shares valued at 10.3 million. American Century Small Cap Growth holds 1.99% of the stake in STKL, owning 2,303,479 shares worth 10.11 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 30, 2023, STKL reported revenue of $243.53M and operating income of $7.98M. The EBITDA in the recently reported quarter was $15.81M and diluted EPS was $0.01.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for STKL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With STKL analysts setting a high price target of $12.00 and a low target of $8.00, the average target price over the next 12 months is $9.20. Based on these targets, STKL could surge 207.69% to reach the target high and rise by 105.13% to reach the target low. Reaching the average price target will result in a growth of 135.9% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.