Sonder Holdings Inc. (NASDAQ:SOND) shares, rose in value on Thursday, 08/04/22, with the stock price up by 16.35% to the previous day’s close as strong demand from buyers drove the stock to $1.85.
Actively observing the price movement in the last trading, the stock closed the session at $1.59, falling within a range of $1.58 and $1.92. Referring to stock’s 52-week performance, its high was $10.88, and the low was $0.90. On the whole, SOND has fluctuated by 77.88% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.31, which is expected to increase to -$0.15 for fiscal year -$0.6 and then to about -$0.49 by fiscal year 2023. Data indicates that the EPS growth is expected to be 98.40% in 2023, while the next year’s EPS growth is forecast to be 18.30%.
Analysts have estimated the company’s revenue for the quarter at $113.52 million, with a low estimate of $113.45 million and a high estimate of $113.6 million. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $472.63 million, representing an increase of 102.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SOND’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SOND currently trading nearly 58.56% and 27.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.72, while the 7-day volatility ratio is showing 19.02% which for the 30-day chart, stands at 13.55%. Furthermore, Sonder Holdings Inc. (SOND)’s average true range (ATR) is 0.18.
Data on historical trading for Sonder Holdings Inc. (NASDAQ:SOND) indicates that the trading volumes over the past 10 days have averaged 1.58 million and over the past 3 months, they’ve averaged 1.28 million. According to company’s latest data on outstanding shares, there are 217.31 million shares outstanding.
Nearly 27.68% of Sonder Holdings Inc.’s shares belong to company insiders and institutional investors own 48.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.47 million shares as on Jul 14, 2022, resulting in a short ratio of 3.64. According to the data, the short interest in Sonder Holdings Inc. (SOND) stood at 2.52% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 3.01 million. The stock has fallen by -81.44% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SOND stock heading into the next quarter.