Sonder (SOND) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sonder in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SOND shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SOND, but not buy additional shares or sell existing shares.
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3 Wall Street analysts have issued 1 year price targets for Sonder's stock. Their SOND share price forecasts range from $23.00 to $55.00. On average, they expect the company's stock price to reach $39.00 in the next year. This suggests a possible upside of 379.1% from the stock's current price.
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Sonder's stock was trading at $24.80 at the start of the year. Since then, SOND shares have decreased by 67.2% and is now trading at $8.14.
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Sonder saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 608,900 shares, a decline of 93.7% from the August 31st total of 9,640,000 shares. Based on an average daily trading volume, of 58,100 shares, the short-interest ratio is currently 10.5 days. Currently, 6.9% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our SOND earnings forecast.

Sonder Holdings Inc. (NASDAQ:SOND) released its quarterly earnings results on Wednesday, August, 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.01. The firm had revenue of $157.40 million for the quarter, compared to the consensus estimate of $164.84 million. Sonder had a negative net margin of 48.47% and a negative trailing twelve-month return on equity of 4,207.08%.

ETFs with the largest weight of Sonder (NASDAQ:SOND) stock in their portfolio include Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), Simplify Volt RoboCar Disruption and Tech ETF (VCAR) and Playtech (PTEC).

Shares of Sonder reverse split on the morning of Thursday, September 21st 2023. The 1-20 reverse split was announced on Thursday, September 21st 2023. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, September 21st 2023. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Sonder trades on the NASDAQ under the ticker symbol "SOND."

Shares of SOND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SOND stock can currently be purchased for approximately $8.14.

Sonder (NASDAQ:SOND) has a market capitalization of $89.21 million and generates $461.08 million in revenue each year. The company earns $-165,740,000.00 in net income (profit) each year or ($24.00) on an earnings per share basis.

The company employs 1,695 workers across the globe.

Sonder's mailing address is 6260 LOOKOUT RD., BOULDER CO, 80301. The official website for the company is www.gores.com. The company can be reached via phone at 617-300-0956 or via email at jchou@gores.com.