Insider’s View: Deciphering Sonnet BioTherapeutics Holdings Inc (SONN)’s Financial Health Through Ratios

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The price of Sonnet BioTherapeutics Holdings Inc (NASDAQ: SONN) closed at $4.47 in the last session, down -5.50% from day before closing price of $4.73. In other words, the price has decreased by -$5.50 from its previous closing price. On the day, 3.19 million shares were traded. SONN stock price reached its highest trading level at $5.6599 during the session, while it also had its lowest trading level at $4.3201.

Ratios:

We take a closer look at SONN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 1.03. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.00.

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 14151170 and an Enterprise Value of 1956766. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.15 while its Price-to-Book (P/B) ratio in mrq is 21.08. Its current Enterprise Value per Revenue stands at 1.957 whereas that against EBITDA is -0.142.

Stock Price History:

The Beta on a monthly basis for SONN is 0.74, which has changed by -0.3348214 over the last 52 weeks, in comparison to a change of 0.10500872 over the same period for the S&P500. Over the past 52 weeks, SONN has reached a high of $10.02, while it has fallen to a 52-week low of $1.08. The 50-Day Moving Average of the stock is 202.07%, while the 200-Day Moving Average is calculated to be 88.46%.

Shares Statistics:

According to the various share statistics, SONN traded on average about 2.76M shares per day over the past 3-months and 16980970 shares per day over the past 10 days. A total of 3.17M shares are outstanding, with a floating share count of 3.13M. Insiders hold about 1.22% of the company’s shares, while institutions hold 5.09% stake in the company. Shares short for SONN as of 1749772800 were 60829 with a Short Ratio of 0.02, compared to 1747267200 on 98090. Therefore, it implies a Short% of Shares Outstanding of 60829 and a Short% of Float of 1.94.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

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