Sonder Holdings Inc. (SOND) Shares: Are They Risky Or Cheap?

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Sonder Holdings Inc. (NASDAQ:SOND) finished Wednesday with a subtraction of -$0.14 to close at $1.08, a downside of -11.48 percent. An average of 645,920 shares of common stock have been traded in the last five days. There was a fall of -$0.0800 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 695,650 shares traded, while the 50-day average volume stands at 924,788.

SOND stock has decreased by -36.84% in the last month. The company shares reached their 1-month lowest point of $1.0200 on 12/28/22. With the stock rallying to its 52-week high on 02/08/22, shares of the company touched a low of $0.90 and a high of $10.88 in 52 weeks. It has reached a new high 7 times so far this year and lost -89.17% or -$8.8900 in price. In spite of this, the price is down -90.07% from the 52-week high.

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Insider Transactions

SOND stock investors should be aware that Sonder Holdings Inc. (SOND) stock had its last reported insider trading activity 105 days ago on Sep 15.

Valuation Metrics

Sonder Holdings Inc. (SOND) has a trailing price-to-sales (P/S) ratio at 0.53, the price-to-book (PB) ratio at 6.00.

Financial Health

The quick ratio of Sonder Holdings Inc. for the three months ended June 29 was 1.40, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 4.26 and a total debt to equity ratio of 4.26 for the quarter ending June 29.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sonder Holdings Inc.’s return on assets was -5.60%.

Earnings Surprise

For the three-month period that ended June 29, Sonder Holdings Inc. had $166.71 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$74.5 million in the quarter, while revenues of -$43.78 million were grew 99.97%. The analyst consensus anticipated Sonder Holdings Inc.’s latest quarter earnings to come in at -$0.31 per share, but it turned out to be -$0.31, a 0.00% surprise. For the quarter, EBITDA amounted to -$22.63 million. Shareholders own equity worth $218.06 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Sonder Holdings Inc. (SOND) price momentum. RSI 9-day as of the close on 28 December was 28.74%, suggesting the stock is oversold, with historical volatility in this time frame at 125.87%.

As of today, SOND’s price is $1.2600 -6.90% or -$0.0800 from its 5-day moving average. SOND is currently trading -37.93% lower than its 20-day SMA and -41.30% lower than its 100-day SMA. However, the stock’s current price level is -50.68% below the SMA50 and -77.12% below the SMA200.

The stochastic %K and %D were 29.35% and 38.70%, respectively, and the average true range (ATR) was 0.1550. With the 14-day stochastic at 10.89% and the average true range at 0.1562, the RSI (14) stands at 30.95%. The stock has reached -0.0089 on the 9-day MACD Oscillator while the 14-day reading was at -0.0671.

Analyst Ratings

Citigroup launched coverage on Sonder Holdings Inc. (NASDAQ: SOND) in its analyst report released on April 20, 2022. The firm assigned the stock a Buy rating. The consensus rating for Sonder Holdings Inc. (SOND) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SOND, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is SOND’s price target for the next 12 months?

Analysts predict a range of price targets between $2.75 and $4.00, with a median target of $3.50. Taking a look at these predictions, the average price target given by analysts for Sonder Holdings Inc. (SOND) stock is $3.42.

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