Sono Group N.V. (NASDAQ:SEV) does about 910.44K shares in volume on a normal day but saw 805289 shares change hands in Tuesday trading. The company now has a market cap of 101.75M USD. Its current market price is $1.17, remained unchanged compared to the previous close of $1.17. The 52 week high reached by this stock is $24.41 whilst the lowest price level in 52 weeks is $1.03. The script in recent trading has seen the stock touch a high of $1.19 and a low of $1.10.
Sono Group N.V. (SEV) has a 20-day trading average at $1.2860 and the current price is -95.21% off the 52-week high compared with 13.59% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.8916 and its 200-day simple moving average is $3.4204. If we look at the stock’s price movements over the week, volatility stands at 10.06%, which increases to 10.97% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 32.26 to suggest the stock is neutral.
The consensus objective for the share price is $6.00, suggesting that the stock has a potential upside of 80.5% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 13, 2022 when Wedbush initiated the stock to “Neutral” and issued a price target of $4. B. Riley Securities initiated its price target at $8.
The current price level is -10.58%, -39.18%, and -66.02% away from its SMA20, SMA50, and SMA200 respectively, with the SEV price moving above the 50-day SMA on November 22. Sono Group N.V. (SEV) stock is down -12.69% over the week and -24.52% over the past month. Its price is -87.85% year-to-date and -94.38% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of -$0.45 below consensus estimates by -$0.2. SEV’s earnings per share are forecast to shrink by -17.00% this year and 32.10% over next year. Expected sales for next quarter are $2.93 million, which analysts say will come at $3.16 million for the current fiscal year and next year at $91.32 million. In addition, estimates put the company’s current quarterly revenue at an average of $510k.
Its 12-month price target is $6.13. To reach the target analysts have set, the stock logically needs to grow 80.5 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $4.12, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $7.07.
Outstanding shares total 78.52M with insiders holding 54.22% of the shares and institutional holders owning 8.98% of the company’s common stock. Price to book ratio is 1.43 and price to sales ratio is 1754.39.