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Friday, June 9, 2023

Sonder Holdings Inc. (NASDAQ: SOND) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Sonder Holdings Inc. (SOND) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0043, or 1.04%, to $0.4185. The Sonder Holdings Inc. has recorded 6,466 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Sonder Holdings Inc. to Report First Quarter 2023 Financial Results on May 10, 2023.

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Stocks Info

Sonder Holdings Inc. is listed on the NASDAQ in the Consumer Cyclical sector while operating in the Lodging industry. At the end of the last regular session, the stock closed at $0.41 and fluctuated between $0.4388 as its day high and $0.3951 as its day low. The current market capitalization of Sonder Holdings Inc. is $82.65M. A total of 0.98 million shares were traded on the day, compared to an average of 1.05M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, SOND has seen 4 BUY and 0 SELL insider trades, representing the acquisition of 105,187 and the disposition of 0 shares. Over the last 12 months, there were 7 BUYs and 4 SELLs from insiders. Insiders purchased 175,604 shares during that period but sold 59,712.

In the most recent transaction, Davidson Francis bought 29,279 shares of SOND for 1.07 per share on Mar 09. After the transaction, the Chief Executive Officer now owns 3,444,579 company shares. In a previous transaction on Mar 08, Davidson Francis bought 29,999 shares at 1.09 per share. SOND shares that Chief Executive Officer owns now total 3,415,300.

Among the insiders who bought shares, Davidson Francis acquired of 30,909 shares on Mar 07 at a per-share price of $1.11. This resulted in the Chief Executive Officer holding 3,385,301 shares of SOND after the transaction. In another insider transaction, BERRY CHRISTOPHER MICHAEL bought 15,000 shares at $1.04 per share on Mar 06. Company shares held by the Chief Accounting Officer now total 61,000.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for SOND in the last 3 months, the mean price target is $2.25 with high estimates of $2.75 and low estimates of $2.00. In terms of 52-week highs and lows, SOND has a high of $3.24 and a low of $0.36.

As of this writing, SOND has an earnings estimate of -$0.27 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.21 per share and a lower estimate of -$0.3. The company reported an EPS of -$0.36 in the last quarter, which was -80.00% lower than expectations of -$0.2.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. SOND’s latest balance sheet shows that the firm has $263.94k in Cash & Short Term Investments as of fiscal 2021. There were $1.50M in debt and $35.87M in liabilities at the time. Its Book Value Per Share was -$0.09, while its Total Shareholder’s Equity was $399.72M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SOND is Buy with a score of 5.00.

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