Sonnet BioTherapeutics Holdings Inc (NASDAQ: SONN) is -32.81% lower on its value in year-to-date trading and has touched a low of $1.08 and a high of $10.02 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SONN stock was last observed hovering at around $3.92 in the last trading session, with the day’s gains setting it 0.81%.
Currently trading at $4.73, the stock is 188.92% and 233.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 30.02 million and changing 20.66% at the moment leaves the stock 98.00% off its SMA200. SONN registered 223.97% gain for a year compared to 6-month loss of 223.97%. The firm has a 50-day simple moving average (SMA 50) of $1.418 and a 200-day simple moving average (SMA200) of $2.3892.
The stock witnessed a 304.27% gain in the last 1 month and extending the period to 3 months gives it a 272.44%, and is 322.32% up 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 64.51% over the week and 19.84% over the month.
Sonnet BioTherapeutics Holdings Inc (SONN) has around 13 employees, a market worth around $14.97M and $1.00M in sales. Profit margin for the company is -1328.60%. Distance from 52-week low is 337.96% and -52.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-2006.15%).
The EPS is expected to grow by 69.52% this year, but quarterly earnings will post 5,267.69% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
Sonnet BioTherapeutics Holdings Inc (SONN) Top Institutional Holders
9.0 institutions hold shares in Sonnet BioTherapeutics Holdings Inc (SONN), with institutional investors hold 5.32% of the company’s shares. The shares outstanding are 3.17M, and float is at 3.13M with Short Float at 1.94%. Institutions hold 5.24% of the Float.
