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Sono Group N.V. (SEV) Suffers From Weak Fundamental Momentum

Sono Group N.V. (NASDAQ:SEV) has seen 1.67 million shares traded in the last trading session. The company, currently valued at $85.70M, closed the last trade at $1.03 per share which meant it gained $0.03 on the day or 3.03% during that session. The SEV stock price is -749.51% off its 52-week high price of $8.75 and 19.42% above the 52-week low of $0.83. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.2 million shares traded. The 3-month trading volume is 1.48 million shares.

The consensus among analysts is that Sono Group N.V. (SEV) is a Buy stock at the moment, with a recommendation rating of 2.20. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 5 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.33.

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

Sporting 3.03% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the SEV stock price touched $1.03 or saw a rise of 15.57%. Year-to-date, Sono Group N.V. shares have moved 4.59%, while the 5-day performance has seen it change -5.50%. Over the past 30 days, the shares of Sono Group N.V. (NASDAQ:SEV) have changed 7.62%. Short interest in the company has seen 1.76 million shares shorted with days to cover at 4.31.

Wall Street analysts have a consensus price target for the stock at $3.89, which means that the shares’ value could jump 73.52% from current levels. The projected low price target is $2.84 while the price target rests at a high of $6.18. In that case, then, we find that the current price level is -500.0% off the targeted high while a plunge would see the stock gain -175.73% from current levels.

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

Figures show that Sono Group N.V. shares have underperformed across the wider relevant industry. The company’s shares have lost -63.21% over the past 6 months, with this year growth rate of -31.50%, compared to -0.70% for the industry. Revenue growth from the last financial year stood is estimated to be 18,789.40%.

3 analysts offering their estimates for the company have set an average revenue estimate of $510k for the current quarter. 1 have an estimated revenue figure of $2.93 million for the next quarter concluding in Dec 2022.

SEV Dividends

Sono Group N.V. is expected to release its next earnings report on September 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 54.22% of the company shares, while shares held by institutions stand at 8.98% with a share float percentage of 19.63%. Investors are also buoyed by the number of investors in a company, with Sono Group N.V. having a total of 37 institutions that hold shares in the company. The top two institutional holders are AIGH Capital Management LLC with over 3.52 million shares worth more than $10.34 million. As of Jun 29, 2022, AIGH Capital Management LLC held 4.31% of shares outstanding.

The other major institutional holder is Millennium Management Llc, with the holding of over 0.49 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $1.45 million and represent 0.60% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Northern Lights Fd Tr II-North Star Opportunity Fd and Fidelity NASDAQ Composite Index Fund. As of Aug 30, 2022, the former fund manager holds about 0.32% shares in the company for having 0.26 million shares of worth $0.76 million while later fund manager owns 38128.0 shares of worth $0.11 million as of Jun 29, 2022, which makes it owner of about 0.05% of company’s outstanding stock.

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