Additionally, the 36-month beta value for SOND is 1.53. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for SOND is 9.04M and currently, short sellers hold a 10.02% ratio of that float. The average trading volume of SOND on September 30, 2024 was 879.55K shares.
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SOND) stock’s latest price update
Sonder Holdings Inc (NASDAQ: SOND)’s stock price has gone decline by -16.98 in comparison to its previous close of 5.24, however, the company has experienced a -10.12% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-08-20 that SAN FRANCISCO, Aug. 20, 2024 (GLOBE NEWSWIRE) — Sonder Holdings Inc. (NASDAQ: SOND, “Sonder” or the “Company”) today announced that it received an expected deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on August 15, 2024 (the “Notice”). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the “Q2 2024 Form 10-Q”), as described more fully in the Company’s Form 12b-25 Notification of Late Filing filed with the Securities and Exchange Commission (the “SEC”) on August 9, 2024. The Listing Rule requires Nasdaq-listed companies to timely file all required periodic reports with the SEC.
SOND’s Market Performance
Sonder Holdings Inc (SOND) has experienced a -10.12% fall in stock performance for the past week, with a -41.30% drop in the past month, and a -6.05% drop in the past quarter. The volatility ratio for the week is 12.44%, and the volatility levels for the past 30 days are at 12.72% for SOND. The simple moving average for the past 20 days is -23.55% for SOND’s stock, with a 11.58% 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 “Neutral.” The predicted price for SOND in the upcoming period, according to Citigroup is $4 based on the research report published on December 20, 2023 of the previous year 2023.
Citigroup, on the other hand, stated in their research note that they expect to see SOND reach a price target of $7. The rating they have provided for SOND stocks is “Buy” according to the report published on April 20th, 2022.
SOND Trading at -3.92% 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 -58.57% of loss for the given period.
Volatility was left at 12.72%, however, over the last 30 days, the volatility rate increased by 12.44%, as shares sank -41.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.03% upper at present.
During the last 5 trading sessions, SOND fell by -10.12%, which changed the moving average for the period of 200-days by +49.48% in comparison to the 20-day moving average, which settled at $5.53. In addition, Sonder Holdings Inc saw 28.32% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SOND starting from Bowen Adam, who purchase 10,000 shares at the price of $2.89 back on Dec 06 ’23. After this action, Bowen Adam now owns 30,000 shares of Sonder Holdings Inc, valued at $28,900 using the latest closing price.
Stock Fundamentals for SOND
Current profitability levels for the company are sitting at:
- -0.41 for the present operating margin
- 0.33 for the gross margin
The net margin for Sonder Holdings Inc stands at -0.45. The total capital return value is set at -0.18.
Based on Sonder Holdings Inc (SOND), the company’s capital structure generated 1.27 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at -4.67. The interest coverage ratio of the stock is -9.93.
Currently, EBITDA for the company is -91.47 million with net debt to EBITDA at -57.97. When we switch over and look at the enterprise to sales, we see a ratio of 3.9. The receivables turnover for the company is 54.89for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.32.
Conclusion
In conclusion, Sonder Holdings Inc (SOND) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
