As of Wednesday close, Sonder Holdings Inc.’s (NASDAQ:SOND) stock was down -$0.02, moving down -6.06 percent to $0.32. The average number of shares traded per day over the past five days has been 1,416,780 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0301 fall in that time frame. In the last twenty days, the average volume was 857,865, while in the previous 50 days, it was 748,568.
Since last month, SOND stock retreated -35.47%. Shares of the company fell to $0.3000 on 09/20/23, the lowest level in the past month. A 52-week high of $2.41 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 -74.24% or -$0.9206, and marked a new high 7 times. However, the stock has declined by -86.75% since its 52-week high.
SOND stock investors should be aware that Sonder Holdings Inc. (SOND) stock had its last reported insider trading activity 35 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 88.10% 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 47.95%, the RSI 9-day stood at 13.80% on 20 September.
With respect to its five-day moving average, the current Sonder Holdings Inc. price is down by -8.61% percent or -$0.0301. At present, SOND shares trade -34.82% below its 20-day simple moving average and -24.33% percent below its 100-day simple moving average. However, the stock is currently trading approximately -42.71% below its SMA50 and -81.64% below its SMA200.
Stochastic coefficient K was 9.10% and Stochastic coefficient D was 7.41%, while ATR was 0.0364. Given the Stochastic reading of 8.15% for the 14-day period, the RSI (14) reading has been calculated as 20.02%. As of today, the MACD Oscillator reading stands at -0.0258, while the 14-day reading stands at -0.0731.
Analyst Ratings
Citigroup launched its rating on Sonder Holdings Inc. (NASDAQ: SOND) to a Buy in a note to investors on April 20, 2022. Sonder Holdings Inc. (SOND) has been rated Overweight by analysts. According to 0 brokerage firms, SOND is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Sonder Holdings Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $1.15, the current consensus forecast for the stock is $1.15 – $1.15. Based on these forecasts, analysts predict Sonder Holdings Inc. (SOND) will achieve an average price target of $1.15.
