Sonder Holdings Inc. (NASDAQ:SOND) has seen 0.92 million shares traded in the recent trading session. The company, currently valued at $269.62M, closed the recent trade at $1.33 per share which meant it gained $0.04 on the day or 3.10% during that session. The SOND stock price is -718.05% off its 52-week high price of $10.88 and 32.33% above the 52-week low of $0.90. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.73 million shares traded. The 3-month trading volume is 830.18K shares.
The consensus among analysts is that Sonder Holdings Inc. (SOND) is a Buy stock at the moment, with a recommendation rating of 1.30. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.2.
Sonder Holdings Inc. (NASDAQ:SOND) trade information
Sporting 3.10% in the green today, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the SOND stock price touched $1.33 or saw a rise of 2.21%. Year-to-date, Sonder Holdings Inc. shares have moved 4.03%, while the 5-day performance has seen it change -0.77%. Over the past 30 days, the shares of Sonder Holdings Inc. (NASDAQ:SOND) have changed 11.21%. Short interest in the company has seen 13.05 million shares shorted with days to cover at 5.4.
Wall Street analysts have a consensus price target for the stock at $3.42, which means that the shares’ value could jump 61.11% from the levels at last check today. The projected low price target is $2.75 while the price target rests at a high of $4.00. In that case, then, we find that the latest price level in today’s session is -200.75% off the targeted high while a plunge would see the stock gain -106.77% from the levels at last check today.
Sonder Holdings Inc. (SOND) estimates and forecasts
Figures show that Sonder Holdings Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 32.32% over the past 6 months, with this year growth rate of 98.67%, compared to 17.20% for the industry. Revenue growth from the last financial year stood is estimated to be 101.90%.
2 analysts offering their estimates for the company have set an average revenue estimate of $122.84 million for the current quarter. 2 have an estimated revenue figure of $146.28 million for the next quarter concluding in Dec 2022. Year-ago sales stood $67.45 million and $86.66 million respectively for this quarter and the next, and analysts expect sales will grow by 82.10% for the current quarter and 68.80% for the next.
Sonder Holdings Inc. is expected to release its next earnings report on November 09 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Sonder Holdings Inc. (NASDAQ:SOND)’s Major holders
Insiders own 27.64% of the company shares, while shares held by institutions stand at 48.83% with a share float percentage of 67.48%. Investors are also buoyed by the number of investors in a company, with Sonder Holdings Inc. having a total of 102 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 17.09 million shares worth more than $17.77 million. As of Jun 29, 2022, FMR, LLC held 7.86% of shares outstanding.
The other major institutional holder is Greenoaks Capital Partners LLC, with the holding of over 15.86 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $16.5 million and represent 7.29% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Growth Company Fund and iShares Russell 2000 ETF. As of Jul 30, 2022, the former fund manager holds about 2.75% shares in the company for having 5.97 million shares of worth $9.25 million while later fund manager owns 3.91 million shares of worth $6.49 million as of Sep 29, 2022, which makes it owner of about 1.80% of company’s outstanding stock.