Sonder Holdings Inc (NASDAQ: SOND)’s stock price has gone decline by -10.16 in comparison to its previous close of 6.15, however, the company has experienced a -37.71% decrease in its stock price over the last five trading days. Seeking Alpha reported 2023-11-19 that Sonder Holdings Inc. (NASDAQ:SOND ) Q3 2023 Earnings Call Transcript November 14, 2023 5:00 PM ET Company Participants Ellie Ducommun – Senior Director of Strategic Finance and IR Francis Davidson – Co-Founder and CEO Dom Bourgault – CFO Conference Call Participants Nick Jones – JMP Securities Jed Kelly – Oppenheimer Operator Good day and welcome to the Sonder’s Third Quarter Earnings Call. At this time, all participants are in a listen-only mode.

Is It Worth Investing in Sonder Holdings Inc (NASDAQ: SOND) Right Now?

compared to its average ratio and a 36-month beta value of 1.57. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”

The average price point forecasted by analysts for Sonder Holdings Inc (SOND) is $23.00, which is $17.47 above the current market price. The public float for SOND is 8.82M, and currently, short sellers hold a 7.32% ratio of that float. The average trading volume of SOND on November 20, 2023 was 39.98K shares.

SOND’s Market Performance

SOND stock saw a decrease of -37.71% in the past week, with a monthly decline of -19.46% and a quarterly a decrease of -44.19%. The volatility ratio for the week is 16.85%, and the volatility levels for the last 30 days are 11.87% for Sonder Holdings Inc (SOND). The simple moving average for the past 20 days is -30.26% for SOND’s stock, with a -54.69% simple moving average for the past 200 days.

Analysts’ Opinion of SOND

Many brokerage firms have already submitted their reports for SOND stocks, with Citigroup repeating the rating for SOND by listing it as a “Buy.” The predicted price for SOND in the upcoming period, according to Citigroup is $7 based on the research report published on April 20, 2022 of the previous year 2022.

SOND Trading at -26.39% from the 50-Day Moving Average

After a stumble in the market that brought SOND to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.52% of loss for the given period.

Volatility was left at 11.87%, however, over the last 30 days, the volatility rate increased by 16.85%, as shares sank -22.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.15% lower at present.

During the last 5 trading sessions, SOND fell by -37.71%, which changed the moving average for the period of 200-days by -83.46% in comparison to the 20-day moving average, which settled at $7.84. In addition, Sonder Holdings Inc saw -77.72% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SOND starting from BERRY CHRISTOPHER MICHAEL, who purchase 18,180 shares at the price of $0.49 back on Aug 17. After this action, BERRY CHRISTOPHER MICHAEL now owns 234,180 shares of Sonder Holdings Inc, valued at $8,908 using the latest closing price.

Rothenberg Philip L, the General Counsel & Secretary of Sonder Holdings Inc, purchase 300,000 shares at $0.45 during a trade that took place back on May 17, which means that Rothenberg Philip L is holding 300,000 shares at $135,000 based on the most recent closing price.

Stock Fundamentals for SOND

Current profitability levels for the company are sitting at:

• -61.29 for the present operating margin
• +30.59 for the gross margin

The net margin for Sonder Holdings Inc stands at -35.95. The total capital return value is set at -30.08, while invested capital returns managed to touch -19.28. Equity return is now at value -1428.54, with -16.37 for asset returns.

When we switch over and look at the enterprise to sales, we see a ratio of 2.21, with the company’s debt to enterprise value settled at 1.02. The receivables turnover for the company is 164.29 and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.

Conclusion

To put it simply, Sonder Holdings Inc (SOND) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.