Sonnet BioTherapeutics Holdings Inc. (NASDAQ: SONN) is -82.86% lower on its value in year-to-date trading and has touched a low of $2.40 and a high of $54.60 in the current 52-week trading range. The SONN stock was last observed hovering at around $2.63 in the last trading session, with the day’s gains setting it 1.27% off its average median price target of $7.00 for the next 12 months. It is also 44.29% off the consensus price target high of $7.00 offered by 1 analysts, but current levels are 44.29% higher than the price target low of $7.00 for the same period.
Currently trading at $3.90, the stock is 31.38% and 17.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 91.95 million and changing 48.29% at the moment leaves the stock -60.86% off its SMA200. SONN registered -82.31% loss for a year compared to 6-month loss of -81.94%. The firm has a 50-day simple moving average (SMA 50) of $3.1011 and a 200-day simple moving average (SMA200) of $6.8523.
The stock witnessed a -12.91% gain in the last 1 month and extending the period to 3 months gives it a -38.12%, and is -3.31% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.53% over the week and 13.64% over the month.
Sonnet BioTherapeutics Holdings Inc. (SONN) has around 587 employees, a market worth around $34.79M and $28.00M in sales. Distance from 52-week low is 62.50% and -92.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-436.50%).
Sonnet BioTherapeutics Holdings Inc. (SONN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Sonnet BioTherapeutics Holdings Inc. (SONN) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Sonnet BioTherapeutics Holdings Inc. quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $9.65M over the same period.The EPS is expected to shrink by -23.90% this year. Quarterly sales are estimated to shrink -4.40% in year-over-year returns.
Sonnet BioTherapeutics Holdings Inc. (SONN) Top Institutional Holders
12 institutions hold shares in Sonnet BioTherapeutics Holdings Inc. (SONN), with 104.51k shares held by insiders accounting for 0.77% while institutional investors hold 0.53% of the company’s shares. The shares outstanding are 13.23M, and float is at 12.95M with Short Float at 4.32%. Institutions hold 0.52% of the Float.
Sonnet BioTherapeutics Holdings Inc. (SONN) Insider Activity
A total of 1 insider transactions have happened at Sonnet BioTherapeutics Holdings Inc. (SONN) in the last six months, with sales accounting for 0 and purchases happening 1 times.