Sonnet BioTherapeutics Holdings Inc. [NASDAQ: SONN] closed the trading session at $1.34 on 01/09/23. The day’s price range saw the stock hit a low of $1.31, while the highest price level was $1.68. The company report on January 9, 2023 that Sonnet BioTherapeutics Announces a Collaboration with Roche for the Clinical Evaluation of SON-1010 with atezolizumab in Ovarian Cancer.
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Sonnet’s lead product, SON-1010, to be evaluated in combination with Roche’s atezolizumab (Tecentriq®).
Sonnet will sponsor the clinical study in patients with platinum-resistant ovarian cancer, scheduled to commence during the second calendar quarter of 2023, and Roche will supply atezolizumab.
The stocks have a year to date performance of 16.52 percent and weekly performance of 16.52 percent. The stock has been moved at -67.16 percent over the last six months. The stock has performed 28.85 percent around the most recent 30 days and changed -13.55 percent over the most recent 3-months.
If compared to the average trading volume of 4.25M shares, SONN reached to a volume of 15094977 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Sonnet BioTherapeutics Holdings Inc. [SONN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SONN shares is $18.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SONN stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Sonnet BioTherapeutics Holdings Inc. is set at 0.14, with the Price to Sales ratio for SONN stock in the period of the last 12 months amounting to 38.41.
SONN stock trade performance evaluation
Sonnet BioTherapeutics Holdings Inc. [SONN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.52. With this latest performance, SONN shares gained by 28.85% in over the last four-week period, additionally sinking by -67.16% over the last 6 months – not to mention a drop of -75.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SONN stock in for the last two-week period is set at 61.70, with the RSI for the last a single of trading hit 67.42, and the three-weeks RSI is set at 55.67 for Sonnet BioTherapeutics Holdings Inc. [SONN]. The present Moving Average for the last 50 days of trading for this stock 1.2156, while it was recorded at 1.2770 for the last single week of trading, and 2.9079 for the last 200 days.
Sonnet BioTherapeutics Holdings Inc. [SONN]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Sonnet BioTherapeutics Holdings Inc. [SONN] shares currently have an operating margin of -8200.73. Sonnet BioTherapeutics Holdings Inc.’s Net Margin is presently recorded at -8493.34.
Return on Equity for this stock declined to -301.42, with Return on Assets sitting at -170.70.
Sonnet BioTherapeutics Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.70.
Sonnet BioTherapeutics Holdings Inc. [SONN]: Insider Ownership positions
There are presently around $0 million, or 3.50% of SONN stock, in the hands of institutional investors. The top three institutional holders of SONN stocks are: VANGUARD GROUP INC with ownership of 133,811, which is approximately -0.777% of the company’s market cap and around 2.13% of the total institutional ownership; GEODE CAPITAL MANAGEMENT, LLC, holding 51,970 shares of the stock with an approximate value of $70000.0 in SONN stocks shares; and VIRTU FINANCIAL LLC, currently with $36000.0 in SONN stock with ownership of nearly New of the company’s market capitalization.
Positions in Sonnet BioTherapeutics Holdings Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 9 institutional holders increased their position in Sonnet BioTherapeutics Holdings Inc. [NASDAQ:SONN] by around 56,944 shares. Additionally, 13 investors decreased positions by around 48,857 shares, while 1 investors held positions by with 152,077 shares. The mentioned changes placed institutional holdings at 257,878 shares, according to the latest SEC report filing. SONN stock had 4 new institutional investments in for a total of 40,538 shares, while 9 institutional investors sold positions of 46,041 shares during the same period.