A correction may be in store for Sonder Holdings Inc. (NASDAQ:SOND) shares?

As of close of business last night, Sonder Holdings Inc.’s stock clocked out at $0.87, down -4.15% from its previous closing price of $0.91. In other words, the price has decreased by -$0.0378 from its previous closing price. On the day, 847685 shares were traded. SOND stock price reached its highest trading level at $0.9154 during the session, while it also had its lowest trading level at $0.8259.

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To gain a deeper understanding of SOND’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 4.26 whereas as Long-Term Debt/Eq ratio is at 4.26.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on April 20, 2022, initiated with a Buy rating and assigned the stock a target price of $7.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 09 when Davidson Francis bought 29,279 shares for $1.07 per share. The transaction valued at 31,270 led to the insider holds 3,444,579 shares of the business.

Davidson Francis bought 29,999 shares of SOND for $32,819 on Mar 08. The Chief Executive Officer now owns 3,415,300 shares after completing the transaction at $1.09 per share. On Mar 07, another insider, Davidson Francis, who serves as the Chief Executive Officer of the company, bought 30,909 shares for $1.11 each. As a result, the insider paid 34,216 and bolstered with 3,385,301 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45 while its Price-to-Book (P/B) ratio in mrq is 4.85.

Stock Price History:

Over the past 52 weeks, SOND has reached a high of $5.11, while it has fallen to a 52-week low of $0.77. The 50-Day Moving Average of the stock is 1.2506, while the 200-Day Moving Average is calculated to be 1.5893.

Shares Statistics:

It appears that SOND traded 882.34K shares on average per day over the past three months and 1.26M shares per day over the past ten days. A total of 215.68M shares are outstanding, with a floating share count of 157.95M. Insiders hold about 27.56% of the company’s shares, while institutions hold 57.50% stake in the company. Shares short for SOND as of Jan 12, 2023 were 9.68M with a Short Ratio of 9.53M, compared to 11.16M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.44% and a Short% of Float of 5.03%.

Earnings Estimates

As of right now, 3 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.18 for the current quarter, with a high estimate of -$0.16 and a low estimate of -$0.23, while EPS last year was -$8.98. The consensus estimate for the next quarter is -$0.2, with high estimates of -$0.2 and low estimates of -$0.2.

Analysts are recommending an EPS of between -$0.7 and -$0.7 for the fiscal current year, implying an average EPS of -$0.7. EPS for the following year is -$0.57, with 3 analysts recommending between -$0.41 and -$0.69.

Revenue Estimates

In the current quarter, 2 analysts expect revenue to total $130.97M. It ranges from a high estimate of $132.1M to a low estimate of $129.83M. As of the current estimate, Sonder Holdings Inc.’s year-ago sales were $86.66M, an estimated increase of 51.10% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $141.65M, an increase of 76.00% over than the figure of $51.10% in the same quarter last year. There is a high estimate of $141.65M for the next quarter, whereas the lowest estimate is $141.65M.

A total of 3 analysts have provided revenue estimates for SOND’s current fiscal year. The highest revenue estimate was $458.4M, while the lowest revenue estimate was $456.2M, resulting in an average revenue estimate of $457.17M. In the same quarter a year ago, actual revenue was $232.94M, up 96.30% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $586.87M in the next fiscal year. The high estimate is $647.84M and the low estimate is $545M. The average revenue growth estimate for next year is up 28.40% from the average revenue estimate for this year.