Sonnet BioTherapeutics Holdings Inc’s stock market performance has been somewhat irregular. The 1-year high for the company’s stock was recorded at $18.72 on 03/18/24, with the lowest value being $4.00 on 11/04/24.
52-week price history of SONN Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Sonnet BioTherapeutics Holdings Inc’s current trading price is -58.65% away from its 52-week high, while its distance from the 52-week low is 93.50%. The stock’s price range for this period has remained between $4.00 and $18.72. The Healthcare sector company’s shares managed to surpass a trading volume of around 18.87 million for the day, which was noticeably higher compared to the shares’ average daily volume of 31140.0 over the last three months.
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Financial Performance and Market Capitalization
Sonnet BioTherapeutics Holdings Inc (SONN) has experienced a quarterly rise of 30.73% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 13.83M and boasts a workforce of 12 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 6.42, with a change in price of -4.80. Similarly, Sonnet BioTherapeutics Holdings Inc recorded 202,723 in trading volume during the last 100 days, posting a change of -36.36%.
SONN 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 SONN stands at 0.06. Similarly, the long-term debt-to-equity ratio is also 0.03.
SONN Stock Stochastic Average
As of today, the raw stochastic average of Sonnet BioTherapeutics Holdings Inc over the past 50 days is 73.09%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 73.09%. Additionally, the Stochastic %K and %D values for the company were 31.53% and 17.88%, respectively, over the past 20 days.
SONN Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Year to date metric has recorded a loss of -44.40%.However, over the last six months, we can see a stronger performance of -45.03%. Over the last 30 days, the price of SONN has fallen by 58.61%. And in the last five days, it has surged by 69.37%.
