Analysis Of The Weekly Performance Of Sono Group N.V. (SEV)

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Sono Group N.V. (NASDAQ:SEV) finished Friday with an addition of $0.08 to close at $0.98, an upside of 9.42 percent. An average of 608,860 shares of common stock have been traded in the last five days. There was a gain of $0.0337 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,173,535 shares traded, while the 50-day average volume stands at 1,357,556.

SEV stock has decreased by -22.46% in the last month. The company shares reached their 1-month lowest point of $0.8800 on 12/30/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.88 and a high of $10.65 in 52 weeks. It has reached a new high 1 time so far this year and lost -89.77% or -$8.6452 in price. In spite of this, the price is down -90.75% from the 52-week high.

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Valuation Metrics

Sono Group N.V. (SEV) has a trailing price-to-sales (P/S) ratio at 823.59, the price-to-book (PB) ratio at 2.81.

Financial Health

The quick ratio of Sono Group N.V. for the three months ended June 29 was 2.90, and the current ratio was 2.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.24 and a total debt to equity ratio of 0.27 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, Sono Group N.V.’s return on assets was -102.50%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$71.63 million in the quarter, while revenues were grew 95.83%. The analyst consensus anticipated Sono Group N.V.’s latest quarter earnings to come in at -$0.25 per share, but it turned out to be -$0.45, a -80.00% surprise. For the quarter, EBITDA amounted to -$43.17 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Sono Group N.V. (SEV) price momentum. RSI 9-day as of the close on 30 December was 47.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 60.28%.

As of today, SEV’s price is $0.9348 +3.54% or $0.0337 from its 5-day moving average. SEV is currently trading -27.05% lower than its 20-day SMA and -70.43% lower than its 100-day SMA. However, the stock’s current price level is -39.58% below the SMA50 and -78.26% below the SMA200.

The stochastic %K and %D were 25.25% and 16.12%, respectively, and the average true range (ATR) was 0.0883. With the 14-day stochastic at 55.95% and the average true range at 0.0993, the RSI (14) stands at 42.55%. The stock has reached -0.0185 on the 9-day MACD Oscillator while the 14-day reading was at -0.0271.

Analyst Ratings

Wedbush launched coverage on Sono Group N.V. (NASDAQ: SEV) in its analyst report released on September 13, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Sono Group N.V. (SEV) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SEV, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

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

Analysts predict a range of price targets between $2.84 and $6.18, with a median target of $3.79. Taking a look at these predictions, the average price target given by analysts for Sono Group N.V. (SEV) stock is $3.89.

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