Sono Group N.V. (NASDAQ:SSM – Get Free Report) major shareholder 255 V. Ug Haftungsbes Bambino sold 20,091 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $3.24, for a total value of $65,094.84. Following the transaction, the insider directly owned 157,326 shares in the company, valued at $509,736.24. This trade represents a 11.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Sono Group Stock Down 1.8%
NASDAQ SSM traded down $0.05 on Wednesday, reaching $2.68. The company had a trading volume of 12,684 shares, compared to its average volume of 37,218. The stock has a market cap of $3.81 million, a PE ratio of -0.79 and a beta of 9.60. Sono Group N.V. has a 1 year low of $2.56 and a 1 year high of $27.73.
Analyst Ratings Changes
Separately, Weiss Ratings initiated coverage on shares of Sono Group in a report on Friday. They issued a “sell (d-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sono Group presently has an average rating of “Sell”.
About Sono Group
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.
Read More
- Five stocks we like better than Sono Group
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
- Legacy Jet Builders Stall While Embraer Accelerates to New Highs
Receive News & Ratings for Sono Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sono Group and related companies with MarketBeat.com's FREE daily email newsletter.
