Is Sono Group N.V. (SEV) positioned for future growth?

Sono Group N.V. (NASDAQ: SEV) stock fell -2.97% on Friday to $0.98 against a previous-day closing price of $1.01. With 2.57 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.54 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $1.0700 whereas the lowest price it dropped to was $0.9500. The 52-week range on SEV shows that it touched its highest point at $8.75 and its lowest point at $0.83 during that stretch. It currently has a 1-year price target of $4.14.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SEV was down-trending over the past week, with a drop of -7.55%, but this was up by 6.52% over a month. Three-month performance dropped to -25.76% while six-month performance fell -68.59%. The stock lost -82.59% in the past year, while it has lost -0.49% so far this year. A look at the trailing 12-month EPS for SEV yields -1.73 with Next year EPS estimates of -0.77. For the next quarter, that number is -0.30. This implies an EPS growth rate of -31.80% for this year and 39.70% for next year.

Float and Shares Shorts:

At present, 86.65 million SEV shares are outstanding with a float of 38.85 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.76 million, which was 2.01% higher than short shares on Sep 14, 2022. In addition to Mr. Jona Christians as the firm’s Co-founder, Co-CEO & Member of the Management Board, Mr. Laurin Hahn serves as its Co-founder, Co-CEO & Member of the Management Board.

Institutional Ownership:

Through their ownership of 8.98% of SEV’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.41% of SEV, in contrast to 2.34% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SEV with 4.14% of the stake, AIGH Capital Management LLC holds 3,516,129 shares worth 3,516,129. A second-largest stockholder of SEV, Swedbank Robur Fonder AB, holds 1,145,550 shares, controlling over 1.35% of the firm’s shares. Worth Venture Partners LLC is the third largest shareholder in SEV, holding 874,813 shares or 1.03% stake. With a 1.35% stake in SEV, the Swedbank Robur Småbolag Europa is the largest stakeholder. A total of 1,145,550 shares are owned by the mutual fund manager. The DNCA Invest – Beyond Global Leade, which owns about 0.69% of SEV stock, is the second-largest Mutual Fund holder. It holds 582,562 shares valued at 0.57 million. Northern Lights Fund Trust II – N holds 0.15% of the stake in SEV, owning 131,000 shares worth 0.13 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SEV since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SEV analysts setting a high price target of $6.18 and a low target of $2.84, the average target price over the next 12 months is $3.89. Based on these targets, SEV could surge 530.61% to reach the target high and rise by 189.8% to reach the target low. Reaching the average price target will result in a growth of 296.94% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SEV will report FY 2022 earnings on 04/16/2024. Analysts have provided yearly estimates in a range of -$0.38 being high and -$1.64 being low. For SEV, this leads to a yearly average estimate of -$1.25. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Sono Group N.V. surprised analysts by -$0.19 when it reported -$0.53 EPS against a consensus estimate of -$0.34. The surprise factor in the prior quarter was -$0.20. Based on analyst estimates, the high estimate for the next quarter is -$0.15 and the low estimate is -$0.37. The average estimate for the next quarter is thus -$0.29.

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