During the last session, Sonder Holdings Inc. (NASDAQ:SOND)’s traded shares were 1.21 million. At the end of the trading day, the stock’s price was $1.59, reflecting an intraday loss of -7.56% or -$0.13. The 52-week high for the SOND share is $10.88, that puts it down -584.28 from that peak though still a striking 43.4% gain since the share price plummeted to a 52-week low of $0.90. The company’s market capitalization is $280.87M, and the average intraday trading volume over the past 10 days was 1.58 million shares, and the average trade volume was 1.27 million shares over the past three months.
Sonder Holdings Inc. (SOND) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.70. SOND has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 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 -$0.31.
Sonder Holdings Inc. (NASDAQ:SOND) trade information
Sonder Holdings Inc. (SOND) registered a -7.56% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -7.56% in intraday trading to $1.59 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 26.19%, and it has moved by 47.22% in 30 days. Based on these gigs, the overall price performance for the year is -83.91%. The short interest in Sonder Holdings Inc. (NASDAQ:SOND) is 5.47 million shares and it means that shorts have 3.64 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.75, which implies an increase of 57.6% 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 -151.57% off the target high and -120.13% 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 -84.27% during the last six months, with a year-to-date growth rate more than the industry average at 98.39% against 27.50. In the rating firms’ projections, revenue will increase 102.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $113.52 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $133.48 million by the end of Sep 2022.
While earnings are projected to return -17.60% in 2022.
Sonder Holdings Inc. is due to release its next quarterly earnings in September. 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 27.64% of total outstanding shares while institutional holders control 48.77%, with the float percentage being 67.40%. FMR, LLC is the largest shareholder of the company, while 78 institutions own stock in it. As of Mar 30, 2022, the company held over 17.95 million shares (or 8.26% of all shares), a total value of $85.24 million in shares.
The next largest institutional holding, with 15.86 million shares, is of Greenoaks Capital Partners LLC’s that is approximately 7.30% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $75.34 million.
Also, the Mutual Funds coming in first place with the largest holdings of Sonder Holdings Inc. (SOND) shares are Fidelity Growth Company Fund and Principal Small Cap Fund. Data provided on May 30, 2022 indicates that Fidelity Growth Company Fund owns about 2.43 million shares. This amounts to just over 1.12 percent of the company’s overall shares, with a $5.46 million market value. The same data shows that the other fund manager holds slightly less at 1.33 million, or about 0.61% of the stock, which is worth about $5.97 million.