The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. Year to date metric has recorded a gain of 56.44%.However, over the last six months, we can see a weaker performance of 48.87%. Over the last 30 days, the price of SOVO has leaped by -0.13%. And in the last five days, it has fallen by -0.53%.
Sovos Brands Inc. (SOVO) currently has a stock price of $22.48. The stock saw a sharp increase in the last trading session, hitting a high of $22.73 after opening at $22.63. The lowest recorded price for the day was $22.56 before it closed at $22.58.
Sovos Brands Inc.’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $22.73 on 09/18/23, with the lowest value being $12.74 on 02/21/23.
52-week price history of SOVO Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Sovos Brands Inc.’s current trading price is -1.10% away from its 52-week high, while its distance from the 52-week low is 76.45%. The stock’s price range over this timeframe has been between $12.74 and $22.73. The shares of the Consumer Defensive sector company recorded a trading volume of approximately 3.73 million for the day, which was comparatively higher than the average daily volume of 1.39 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Sovos Brands Inc. (SOVO) has experienced a quarterly rise of 21.38% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.27B and boasts a workforce of 690 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 19.72, with a change in price of +5.50. Similarly, Sovos Brands Inc. recorded 1,186,331 in trading volume during the last 100 days, posting a change of +32.41%.
SOVO’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for SOVO stands at 0.96. Similarly, the long-term debt-to-equity ratio is also 0.96.
SOVO Stock Stochastic Average
The raw stochastic average for Sovos Brands Inc. over the last 50 days is presently at 94.99%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 27.78%. Further, the company’s Stochastic %K and %D values for the last 20 days were 56.15% and 66.70%, respectively.