Sonder (NASDAQ:SOND) Stock Price Down 5.2% – Here’s What Happened

Sonder Holdings Inc. (NASDAQ:SOND)’s stock price fell 5.2% during trading on Thursday . The company traded as low as $0.7551 and last traded at $0.80. 180,573 shares were traded during trading, a decline of 94% from the average session volume of 3,014,276 shares. The stock had previously closed at $0.8437.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Sonder in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Sonder Stock Down 5.2%

The company has a market capitalization of $10.65 million, a price-to-earnings ratio of -0.04 and a beta of 1.76. The stock’s fifty day moving average price is $1.44 and its 200-day moving average price is $1.93.

Sonder (NASDAQ:SOND) last issued its quarterly earnings results on Tuesday, October 14th. The company reported ($3.96) earnings per share (EPS) for the quarter. The business had revenue of $147.09 million for the quarter.

About Sonder

Sonder Holdings Inc engages in the hospitality business. It operates and manages properties comprising 1-, 2-, and 3+ bedroom; and studio apartments, as well as 1-bedroom hotel rooms for leisure travelers and families, digital nomads, and business travelers in North America, Europe, and the Middle East.