Sono Group N.V. (NASDAQ: SEV) stock fell -3.57% on Wednesday to $0.18 against a previous-day closing price of $0.19. With 0.64 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.42 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.1850 whereas the lowest price it dropped to was $0.1700. The 52-week range on SEV shows that it touched its highest point at $3.98 and its lowest point at $0.16 during that stretch. It currently has a 1-year price target of $2.23.
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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 -7.37%, but this was down by -22.43% over a month. Three-month performance dropped to -78.76% while six-month performance fell -84.75%. The stock lost -94.13% in the past year, while it has lost -81.88% so far this year. A look at the trailing 12-month EPS for SEV yields -1.71 with Next year EPS estimates of -0.05. For the next quarter, that number is -0.05. This implies an EPS growth rate of -31.80% for this year and 68.80% 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 Apr 27, 2023, short shares totaled 3.39 million, which was 3.63% higher than short shares on Mar 30, 2023. 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.
Through their ownership of 2.45% of SEV’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.52% of SEV, in contrast to 0.15% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SEV with 0.71% of the stake, Millennium Management LLC holds 597,994 shares worth 597,994. A second-largest stockholder of SEV, Renaissance Technologies LLC, holds 310,081 shares, controlling over 0.37% of the firm’s shares. Virtu Financial BD LLC is the third largest shareholder in SEV, holding 130,222 shares or 0.15% stake. With a 0.15% stake in SEV, the Fidelity Nasdaq Composite Index E is the largest stakeholder. A total of 125,136 shares are owned by the mutual fund manager. The RiverRock Fund V SICAV – Liquid P, which owns about 0.00% of SEV stock, is the second-largest Mutual Fund holder. It holds 2,000 shares valued at 436.0. Carbon Collective Climate Solutio holds 0.00% of the stake in SEV, owning 1,724 shares worth 376.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Dec 30, 2022, SEV reported revenue of $23.00k and operating income of -$35.58M. The EBITDA in the recently reported quarter was -$35.40M and diluted EPS was -$0.45.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SEV since 0 analysts follow the stock currently. 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 $3.79 and a low target of $0.83, the average target price over the next 12 months is $1.86. Based on these targets, SEV could surge 2005.56% to reach the target high and rise by 361.11% to reach the target low. Reaching the average price target will result in a growth of 933.33% 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.