Sonder Holdings Inc. (NASDAQ: SOND) Stock Dropped -41.70% Over A Month – Is There Any Hope Of A Gain? – Marketing Sentinel
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Sonder Holdings Inc. (NASDAQ: SOND) Stock Dropped -41.70% Over A Month – Is There Any Hope Of A Gain?

During the last session, Sonder Holdings Inc. (NASDAQ:SOND)’s traded shares were 1.24 million. At the end of the trading day, the stock’s price was $1.30, reflecting an intraday gain of 0.78% or $0.01. The 52-week high for the SOND share is $10.88, that puts it down -736.92 from that peak though still a striking 3.08% gain since the share price plummeted to a 52-week low of $1.26. The company’s market capitalization is $237.94M, and the average intraday trading volume over the past 10 days was 1.3 million shares, and the average trade volume was 814.97K shares over the past three months.

Sonder Holdings Inc. (SOND) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 1.70. SOND has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.42.

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Sonder Holdings Inc. (NASDAQ:SOND) trade information

Sonder Holdings Inc. (SOND) registered a 0.78% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.78% in intraday trading to $1.30 this Thursday, 06/23/22, hitting a weekly high. The stock’s 5-day price performance is -16.13%, and it has moved by -41.70% in 30 days. Based on these gigs, the overall price performance for the year is -86.86%. The short interest in Sonder Holdings Inc. (NASDAQ:SOND) is 1.34 million shares and it means that shorts have 2.68 day(s) to cover.

The consensus price target of analysts on Wall Street is $3.81, which implies an increase of 65.88% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.50 and $4.00 respectively. As a result, SOND is trading at a discount of -207.69% off the target high and -169.23% off the low.

Sonder Holdings Inc. (SOND) estimates and forecasts

Statistics show that Sonder Holdings Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Sonder Holdings Inc. (SOND) shares have gone down -86.80% during the last six months, with a year-to-date growth rate more than the industry average at 98.39% against 29.60. In the rating firms’ projections, revenue will increase 109.30% compared to the previous financial year.

Revenue for the current quarter is expected to be $77.99 million as predicted by 2 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $112.71 million by the end of Jun 2022.

While earnings are projected to return -17.60% in 2022.

SOND Dividends

Sonder Holdings Inc. is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Sonder Holdings Inc. (NASDAQ:SOND)’s Major holders

Sonder Holdings Inc. insiders own 27.68% of total outstanding shares while institutional holders control 52.46%, with the float percentage being 72.53%. Citadel Advisors Llc is the largest shareholder of the company, while 103 institutions own stock in it. As of Dec 30, 2021, the company held over 3.34 million shares (or 1.54% of all shares), a total value of $33.34 million in shares.

The next largest institutional holding, with 2.76 million shares, is of Principal Financial Group, Inc.’s that is approximately 1.27% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $13.09 million.

Also, the Mutual Funds coming in first place with the largest holdings of Sonder Holdings Inc. (SOND) shares are First Tr Exchange Traded Fd-First Trust Merger Arbitrage Fd and RiverPark Fds Tr-RiverPark Short Term High Yield Fd. Data provided on Dec 30, 2021 indicates that First Tr Exchange Traded Fd-First Trust Merger Arbitrage Fd owns about 0.87 million shares. This amounts to just over 0.40 percent of the company’s overall shares, with a $8.64 million market value. The same data shows that the other fund manager holds slightly less at 100000.0, or about 0.05% of the stock, which is worth about $1.0 million.

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