Better Times Ahead For Sound Group Inc ADR (NASDAQ: SOGP)?

Sound Group Inc ADR (SOGP) concluded trading on Wednesday at a closing price of $4.42, with 46.81 million shares of worth about $206.91 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -36.86% during that period and on Wednesday the price saw a gain of about 53.74%. Currently the company’s common shares owned by public are about 4.14M shares, out of which, 4.06M shares are available for trading.

However, the stock later moved at a day high price of 6.7000, or with a gain of 53.74%. Stock saw a price change of 57.86% in past 5 days and over the past one month there was a price change of 60.73%. Year-to-date (YTD), SOGP shares are showing a performance of 61.31% which decreased to -53.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.19 but also hit the highest price of $12.20 during that period. The average intraday trading volume for Sound Group Inc ADR shares is 50.56K. The stock is currently trading 68.69% above its 20-day simple moving average (SMA20), while that difference is up 67.20% for SMA50 and it goes to -15.93% lower than SMA200.

Sound Group Inc ADR (NASDAQ: SOGP) currently have 4.14M outstanding shares and institutions hold larger chunk of about 2.03% of that.

The stock has a current market capitalization of $18.30M and its 3Y-monthly beta is at 1.63. PE ratio of stock for trailing 12 months is 4.33, while it has posted earnings per share of $1.02 in the same period. It has Quick Ratio of 2.38 while making debt-to-equity ratio of 0.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SOGP, volatility over the week remained 23.61% while standing at 10.61% over the month.

Analysts are in expectations that Sound Group Inc ADR (SOGP) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.23 in the same quarter a year ago.

Coverage by Needham stated Sound Group Inc ADR (SOGP) stock as a Buy in their note to investors on February 11, 2020, suggesting a price target of $19 for the stock.

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