Key Points
- Major shareholder 255 V. Ug Haftungsbes Bambino sold 11,410 Sono Group shares at an average price of $3.71, generating $42,331.10. The sale reduced its direct ownership by 7.44% to 141,916 shares.
- Sono Group shares opened at $3.50, with a market capitalization of approximately $4.99 million and a 52-week range of $2.35 to $27.73. The company reported a quarterly loss of $1.59 per share.
- Analyst sentiment remains negative: Weiss Ratings downgraded the stock from “sell (d-)” to “sell (e+),” while the sole analyst covering the company maintains a Sell rating.
Sono Group N.V. (NASDAQ:SSM - Get Free Report) major shareholder 255 V. Ug Haftungsbes Bambino sold 11,410 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $3.71, for a total transaction of $42,331.10. Following the completion of the transaction, the insider directly owned 141,916 shares in the company, valued at approximately $526,508.36. The trade was a 7.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Sono Group Price Performance
SSM opened at $3.50 on Friday. The firm has a market cap of $4.99 million, a price-to-earnings ratio of -0.66 and a beta of 9.46. Sono Group N.V. has a 52 week low of $2.35 and a 52 week high of $27.73.
Sono Group (NASDAQ:SSM - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($1.59) earnings per share for the quarter. Sono Group had a net margin of 2,204.17% and a negative return on equity of 50.42%.
Analyst Ratings Changes
Separately, Weiss Ratings lowered shares of Sono Group from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Sell".
Get Our Latest Report on SSM
Sono Group Company Profile
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Sono Group N.V. was a German mobility technology company focused on developing solar-powered transportation solutions. Through its Sono Motors business, the company worked on integrating solar technology into electric vehicles to supplement battery power and help reduce energy consumption and emissions.
Its principal project was the Sion, a planned battery-electric passenger vehicle equipped with solar panels integrated into its body. Sono also developed solar integration systems for commercial vehicles, including buses, trucks, trailers and other fleet applications, allowing existing or newly manufactured vehicles to generate supplementary electricity from sunlight.
The company was founded by Jona Christians and Laurin Hahn and was headquartered in Munich, Germany.
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