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Sono Group N.V. (NASDAQ: SEV): Is It Possible To Be Down -67.60% YTD And Still Lose Money

During the last session, Sono Group N.V. (NASDAQ:SEV)’s traded shares were 1.01 million. At the end of the trading day, the stock’s price was $3.12, reflecting an intraday loss of -3.11% or -$0.1. The 52-week high for the SEV share is $47.49, that puts it down -1422.12 from that peak though still a striking 16.99% gain since the share price plummeted to a 52-week low of $2.59. The company’s market capitalization is $230.97M, and the average intraday trading volume over the past 10 days was 0.85 million shares, and the average trade volume was 747.46K shares over the past three months.

Sono Group N.V. (SEV) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. SEV has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 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 -$0.25.

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Sono Group N.V. (NASDAQ:SEV) trade information

Sono Group N.V. (SEV) registered a -3.11% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.11% in intraday trading to $3.12 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 9.86%, and it has moved by 6.48% in 30 days. The short interest in Sono Group N.V. (NASDAQ:SEV) is 1.23 million shares and it means that shorts have 2.61 day(s) to cover.

The consensus price target of analysts on Wall Street is $8.33, which implies an increase of 62.55% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.85 and $11.36 respectively. As a result, SEV is trading at a discount of -264.1% off the target high and -119.55% off the low.

Sono Group N.V. (SEV) estimates and forecasts

Statistics show that Sono Group N.V. has outperformed its competitors in share price, compared to the industry in which it operates. Sono Group N.V. (SEV) shares have gone down -44.58% during the last six months, with a year-to-date growth rate more than the industry average at 14.17% against -4.40. In the rating firms’ projections, revenue will increase 21,359.70% compared to the previous financial year.

Revenue for the current quarter is expected to be $220k as predicted by 2 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $490k by the end of Sep 2022.

While earnings are projected to return -31.80% in 2022.

SEV Dividends

Sono Group N.V. 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.

Sono Group N.V. (NASDAQ:SEV)’s Major holders

Sono Group N.V. insiders own 56.46% of total outstanding shares while institutional holders control 4.77%, with the float percentage being 10.97%. Texas – Teacher Retirement System is the largest shareholder of the company, while 26 institutions own stock in it. As of Mar 30, 2022, the company held over 0.9 million shares (or 1.10% of all shares), a total value of $4.84 million in shares.

The next largest institutional holding, with 0.25 million shares, is of North Star Investment Management Corp’s that is approximately 0.31% of outstanding shares. At the market price on Jun 29, 2022, these shares were valued at $0.74 million.

Also, the Mutual Funds coming in first place with the largest holdings of Sono Group N.V. (SEV) shares are Northern Lights Fd Tr II-North Star Opportunity Fd and Fidelity NASDAQ Composite Index Fund. Data provided on Feb 27, 2022 indicates that Northern Lights Fd Tr II-North Star Opportunity Fd owns about 0.13 million shares. This amounts to just over 0.16 percent of the company’s overall shares, with a $0.68 million market value. The same data shows that the other fund manager holds slightly less at 38128.0, or about 0.05% of the stock, which is worth about $0.12 million.

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