Sonoco Products Co. (NYSE: SON)’s stock price has gone decline by -0.18 in comparison to its previous close of 55.08, however, the company has experienced a 1.33% increase in its stock price over the last five trading days. globenewswire.com reported 2024-09-18 that SON-1010 is a targeted immune activation cancer therapy designed to turn ‘cold’ tumors ‘hot’ Topline safety data of SB101 Phase 1 study expected by Q4 2024 PRINCETON, NJ, Sept. 18, 2024 (GLOBE NEWSWIRE) — Sonnet BioTherapeutics Holdings, Inc. (the “Company” or “Sonnet”) (NASDAQ: SONN), a clinical-stage company developing targeted immunotherapeutic drugs, today announced the completion of enrollment and initiation of dosing in its Phase 1 SB101 clinical trial of SON-1010 (IL12-FHAB) in adult patients with advanced solid tumors.
Is It Worth Investing in Sonoco Products Co. (NYSE: SON) Right Now?
Sonoco Products Co. (NYSE: SON) has a price-to-earnings ratio that is above its average at 14.81x. The stock has a 36-month beta value of 0.68. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 1 as “sell.”
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The public float for SON is 97.30M, and at present, short sellers hold a 2.66% of that float. On September 20, 2024, the average trading volume of SON was 836.44K shares.
SON’s Market Performance
The stock of Sonoco Products Co. (SON) has seen a 1.33% increase in the past week, with a 8.72% rise in the past month, and a -2.62% fall in the past quarter. The volatility ratio for the week is 2.01%, and the volatility levels for the past 30 days are at 2.23% for SON. The simple moving average for the last 20 days is 0.89% for SON’s stock, with a simple moving average of -1.34% for the last 200 days.
Analysts’ Opinion of SON
Many brokerage firms have already submitted their reports for SON stocks, with Wells Fargo repeating the rating for SON by listing it as a “Underweight.” The predicted price for SON in the upcoming period, according to Wells Fargo is $52 based on the research report published on August 21, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see SON reach a price target of $62. The rating they have provided for SON stocks is “Outperform” according to the report published on July 19th, 2024.
SON Trading at 4.98% from the 50-Day Moving Average
After a stumble in the market that brought SON to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.93% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 2.01%, as shares surge +6.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.34% upper at present.
During the last 5 trading sessions, SON rose by +1.33%, which changed the moving average for the period of 200-days by -1.68% in comparison to the 20-day moving average, which settled at $54.67. In addition, Sonoco Products Co. saw -1.59% 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 SON starting from Tomaszewski Jeffrey S, who proposed sale 6,200 shares at the price of $54.84 back on Sep 13 ’24. After this action, Tomaszewski Jeffrey S now owns shares of Sonoco Products Co., valued at $340,023 using the latest closing price.
Wood Adam, the VP Paper&Ind Converted Prod of Sonoco Products Co., sale 537 shares at $57.04 during a trade that took place back on Mar 06 ’24, which means that Wood Adam is holding 28,273 shares at $30,630 based on the most recent closing price.
Stock Fundamentals for SON
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.21 for the gross margin
The net margin for Sonoco Products Co. stands at 0.06. The total capital return value is set at 0.11. Equity return is now at value 15.57, with 5.18 for asset returns.
Based on Sonoco Products Co. (SON), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 1.24. The interest coverage ratio of the stock is 5.12.
Currently, EBITDA for the company is 1.03 billion with net debt to EBITDA at 3.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.3. The receivables turnover for the company is 6.18for trailing twelve months and the total asset turnover is 0.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
To sum up, Sonoco Products Co. (SON) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
