Balance Sheet Insights: Sonnet BioTherapeutics Holdings Inc (SONN)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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In the latest session, Sonnet BioTherapeutics Holdings Inc (NASDAQ: SONN) closed at $3.73 down -11.40% from its previous closing price of $4.21. In other words, the price has decreased by -$11.40 from its previous closing price. On the day, 24.89 million shares were traded. SONN stock price reached its highest trading level at $10.0 during the session, while it also had its lowest trading level at $3.4.

Ratios:

For a deeper understanding of Sonnet BioTherapeutics Holdings Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.65 and its Current Ratio is at 1.65. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.03.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SONN now has a Market Capitalization of 2873994 and an Enterprise Value of -857826. For the stock, the TTM Price-to-Sale (P/S) ratio is 111.04 while its Price-to-Book (P/B) ratio in mrq is 0.93. Its current Enterprise Value per Revenue stands at -15.351 whereas that against EBITDA is 0.07.

Stock Price History:

Over the past 52 weeks, SONN has reached a high of $18.72, while it has fallen to a 52-week low of $4.00. The 50-Day Moving Average of the stock is -36.48%, while the 200-Day Moving Average is calculated to be -63.67%.

Shares Statistics:

For the past three months, SONN has traded an average of 31.14K shares per day and 37400 over the past ten days. A total of 0.68M shares are outstanding, with a floating share count of 0.65M. Insiders hold about 5.47% of the company’s shares, while institutions hold 10.73% stake in the company. Shares short for SONN as of 1728950400 were 20844 with a Short Ratio of 0.67, compared to 1726185600 on 4342. Therefore, it implies a Short% of Shares Outstanding of 20844 and a Short% of Float of 3.26.

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