Sovos Brands Inc’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $22.81 on 03/05/24, with the lowest value being $12.82 on 03/07/23.
52-week price history of SOVO Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Sovos Brands Inc’s current trading price is 0.24% away from its 52-week high, while its distance from the 52-week low is 78.32%. The stock’s price range during this period has fluctuated between $12.82 and $22.81. Shares of the company, which operates in the Consumer Defensive sector, recorded a trading volume of around 6.83 million for the day, which was evidently higher than the average daily volume of 1.33 million over the last three months.
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Financial Performance and Market Capitalization
Sovos Brands Inc (SOVO) has experienced a quarterly rise of 4.29% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.32B and boasts a workforce of 751 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 22.07, with a change in price of +0.51. Similarly, Sovos Brands Inc recorded 1,385,783 in trading volume during the last 100 days, posting a change of +2.28%.
SOVO Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for SOVO stands at 0.94. Similarly, the long-term debt-to-equity ratio is also 0.93.
SOVO Stock Stochastic Average
Sovos Brands Inc’s raw stochastic average for the past 50 days is currently at 88.35%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 86.67%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 91.47% and 94.01%, respectively.
SOVO Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The index has shown a price gain of 3.77% this year. Over the last six months, there has been a weaker performance of 1.78%. The price of SOVO fallen by 3.53% during the last 30 days period. For the last 5-days stocks have improved 1.51%.
