After grabbing 0.16 million shares, the institutional investor is now in possession of 0.16 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 0.19% having worth around $92485.0. Moreover, Alpine Global Management LLC increased its share by 41333.0 to have a control over 41333.0 shares. And Group One Trading LP raised its holdings to 37806.0 shares by acquiring 37806.0 shares or 0.05% of the stake.
Sono Group N.V. (SEV) concluded trading on 03/15/23 at a closing price of $0.49, with 3.27 million shares of worth about $1.6 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -82.31% during that period and on Wednesday the price saw a loss of about -14.04%. Currently the company’s common shares owned by public are about 86.65M shares, out of which, 38.85M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the SEV stock and their offered price forecasts bring an average price target of $1.88. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $3.79 and could fall to a lowest price of $0.85. The stock’s current price level is 75.25% above of average price target set by the analysts, while a rise to estimated low would result in gain of 42.35% for the stock. However, touching the estimated high of $3.79 would mean a gain of 87.07% for the stock.
Swedbank Robur Småbolag Europa, DNCA Invest – Beyond Global Leade, and Northern Lights Fund Trust II – N are the top 3 mutual funds which are holding stakes in Sono Group N.V. Swedbank Robur Småbolag Europa is currently holding 1.15 million shares of worth totaling $0.67 million. The company recently came buying 0.0 shares which brought its stake up to 1.35% of the company’s outstanding shares. Northern Lights Fund Trust II – N, after buying 0.13 million shares, have now control over 0.15% of the stake in the company. It holds 0.0 shares of worth $77159.0.
However, the stock later moved at a day high price of 0.5900, or with a loss of -14.04%. Stock saw a price change of -31.94% in past 5 days and over the past one month there was a price change of -46.15%. Year-to-date (YTD), SEV shares are showing a performance of -50.24% which decreased to -88.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.54 but also hit the highest price of $8.75 during that period. The average intraday trading volume for Sono Group N.V. shares is 1.25 million. The stock is currently trading -33.17% below its 20-day simple moving average (SMA20), while that difference is down -43.90% for SMA50 and it goes to -75.26% lower than SMA200.
Goldman Sachs & Co. LLC acquired 0.16 million shares of Sono Group N.V. having value of about $92485.0. Sono Group N.V. (NASDAQ: SEV) currently have 86.65M outstanding shares and institutions hold larger chunk of about 9.90% of that. Holding of mutual funds in the company is about 0.98% while other institutional holders and individual stake holders have control over 2.19% and — of the stake respectively.
The stock has a current market capitalization of $43.58M. It has posted earnings per share of -$1.68 in the same period. It has Quick Ratio of 2.90 while making debt-to-equity ratio of 0.27. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SEV, volatility over the week remained 14.24% while standing at 11.43% over the month.
Stock’s fiscal year EPS is expected to drop by -31.80% while it is estimated to increase by 41.40% in next year.
Analysts at 5 brokerage firms have issued recommendations for the Sono Group N.V. (SEV)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 5 Wall Street analysts, 2 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wedbush on September 13, 2022 offering a Neutral rating for the stock and assigned a target price of $4 to it. Coverage by Cantor Fitzgerald stated Sono Group N.V. (SEV) stock as an Overweight in their note to investors on June 23, 2022, suggesting a price target of $7 for the stock. On May 04, 2022, B. Riley Securities Initiated their recommendations, while on December 13, 2021, Craig Hallum Initiated their ratings for the stock with a price target of $23. Stock get a Buy rating from Berenberg on December 13, 2021.
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