Sonder Holdings Inc. (NASDAQ: SOND): Is It A Buying Opportunity Again?

After Hours

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. After-hours trades for Sonder Holdings Inc. (SOND) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0096, or 2.75%, to $0.3591. The Sonder Holdings Inc. has recorded 537 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Sonder Holdings Inc. Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4).

Stocks Info

SOND belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Lodging industry. The current market capitalization of Sonder Holdings Inc. is $81.71M. A total of 1.14 million shares were traded on the day, compared to an average of 1.12M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SOND has seen 3 BUY and 0 SELL insider trades, representing the acquisition of 154,929 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 4 SELLs from insiders. Insiders purchased 1,714,153 shares during that period but sold 59,712.

In the most recent transaction, BERRY CHRISTOPHER MICHAEL bought 18,180 shares of SOND for 0.49 per share on Aug 17. After the transaction, the SVP, Chief Accounting Officer now owns 234,180 company shares. In a previous transaction on May 17, Rothenberg Philip L bought 300,000 shares at 0.45 per share. SOND shares that General Counsel & Secretary owns now total 300,000.

Among the insiders who bought shares, Davidson Francis acquired of 211,000 shares on May 17 at a per-share price of $0.51. This resulted in the Chief Executive Officer holding 4,060,224 shares of SOND after the transaction. In another insider transaction, Davidson Francis bought 250,000 shares at $0.37 per share on May 16. Company shares held by the Chief Executive Officer now total 3,849,224.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SOND in the last 3 months, the mean price target is $1.15 with high estimates of $1.15 and low estimates of $1.15. In terms of 52-week highs and lows, SOND has a high of $2.41 and a low of $0.27.

As of this writing, SOND has an earnings estimate of -$0.15 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.19. The company reported an EPS of -$0.39 in the last quarter, which was -44.40% lower than expectations of -$0.27.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 -$0.63, while its Total Shareholder’s Equity was $399.72M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.67.