At the last check on Friday, Sonder Holdings Inc.’s (NASDAQ:SOND) stock was up $0.01, moving up 1.13 percent to $0.51. The average number of shares traded per day over the past five days has been 490,711 shares. 3 times new highs have been achieved over the past 5 days, with a $0.0046 gain in that time frame. In the last twenty days, the average volume was 627,448, while in the previous 50 days, it was 1,123,945.
Since last month, SOND stock retreated -10.50%. Shares of the company fell to $0.4500 on 08/10/23, the lowest level in the past month. A 52-week high of $2.58 was reached on 02/06/23 after having rallying from a 52-week low of $0.27. Since the beginning of this year, SOND’s stock price has dropped by -59.22% or -$0.7344, and marked a new high 7 times. However, the stock has declined by -80.40% since its 52-week high.
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SOND stock investors should be aware that Sonder Holdings Inc. (SOND) stock had its last reported insider trading activity 15 days ago on Aug 17. BERRY CHRISTOPHER MICHAEL, the SVP, Chief Accounting Officer of the company, purchased of 18,180 shares for $0.49 on Aug 17. It resulted in a $8,908 investment by the insider. Rothenberg Philip L added 300,000 shares at an average price of $0.45 on May 17. The insider now owns 300,000 shares following the transaction. On May 17, Chief Executive Officer Davidson Francis bought 211,000 shares at $0.51 apiece. The transaction was valued at $107,610.
Financial Health
In the three months ended June 29, Sonder Holdings Inc.’s quick ratio stood at 0.90, while its current ratio was 0.90, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 74.20% percent. In the year ended June 29, EBITDA margin amounted to -24.60%, whereas operating margins totaled -46.50%. Based on annual data, SOND earned $141.07 million in gross profit and brought in $461.08 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -187.70%. Return on equity (ROE) for the past 12 months was 522.80%.
In Sonder Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $186.88 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SOND’s revenue rose 22.92% to $120.74 million during the quarter, while net income inched up to $157.4 million. While analysts expected Sonder Holdings Inc. to report -$0.17 quarterly earnings, the actual figure was -$0.21 per share, beating the consensus estimate by -23.50%. During the quarter, the company generated $1.77 million in EBITDA. The liabilities of Sonder Holdings Inc. were 1.74 billion at the end of its most recent quarter ended June 29, and its total debt was $1.63 billion. The value of shareholders’ equity is $220.25 million.
Technical Picture
This quick technical analysis looks at Sonder Holdings Inc.’s (SOND) price momentum. With a historical volatility rate of 24.96%, the RSI 9-day stood at 46.49% on 31 August.
With respect to its five-day moving average, the current Sonder Holdings Inc. price is up by +0.92% percent or $0.0046. At present, SOND shares trade -7.70% below its 20-day simple moving average and -12.83% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.35% below its SMA50 and -75.34% below its SMA200.
Stochastic coefficient K was 58.88% and Stochastic coefficient D was 64.46%, while ATR was 0.0383. Given the Stochastic reading of 50.86% for the 14-day period, the RSI (14) reading has been calculated as 45.57%.
