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Sovos Brands, Inc. (SOVO)

16.68   0.08 (0.48%) 03-31 16:00
Open: 16.64 Pre. Close: 16.6
High: 16.84 Low: 16.615
Volume: 432,171 Market Cap: 1,672(M)

Technical analysis

as of: 2023-03-31 4:22:13 PM
Overall:       
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 19.8     One year: 23.13
Support: Support1: 14.4    Support2: 12.81
Resistance: Resistance1: 16.95    Resistance2: 19.8
Pivot: 15.63
Moving Average: MA(5): 16.61     MA(20): 15.07
MA(100): 14.02     MA(250): 14.29
MACD: MACD(12,26): 0.8     Signal(9): 0.6
Stochastic oscillator: %K(14,3): 90.7     %D(3): 91.7
RSI: RSI(14): 77.6
52-week: High: 16.95  Low: 12.5
Average Vol(K): 3-Month: 324 (K)  10-Days: 383 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ SOVO ] has closed below upper band by 22.0%. Bollinger Bands are 141% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 12 days. This is a sign that the current trend might continue.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 16.86 - 16.92 16.92 - 16.97
Low: 16.44 - 16.52 16.52 - 16.59
Close: 16.56 - 16.68 16.68 - 16.78

Company Description

Sovos Brands, Inc., through its subsidiaries, manufactures and distributes consumer food products in the United States. The company operates in two segments, Dinners & Sauces, and Breakfast & Snacks. It provides pasta sauces, dry pasta, soups, frozen entrees, yogurts, pancake and waffle mixes, other baking mixes, and frozen waffles under the Rao's, Michael Angelo's, noosa, and Birch Benders brands. The company sells its products principally to retail outlets and wholesale distributors, including traditional supermarkets, mass merchants, warehouse clubs, wholesalers, specialty food distributors, military commissaries, and non-food outlets, such as drug store chains, dollar stores, and e-commerce retailers. Sovos Brands, Inc. was founded in 1983 and is headquartered in Louisville, Colorado.

Headline News

Fri, 31 Mar 2023
SFM or SOVO: Which Is the Better Value Stock Right Now? - Nasdaq

Thu, 30 Mar 2023
13489 Shares in Sovos Brands, Inc. (NASDAQ:SOVO) Purchased by ... - MarketBeat

Wed, 29 Mar 2023
Top 5 Risk Off Stocks That May Crash In March By Benzinga - Investing.com UK

Sun, 19 Mar 2023
Don't Ignore The Fact That This Insider Just Sold Some Shares In Sovos Brands, Inc. (NASDAQ:SOVO) - Simply Wall St

Mon, 13 Mar 2023
Earnings Estimates for Sovos Brands, Inc. for Fiscal Year 2023 ... - Best Stocks

Sat, 11 Mar 2023
Sovos Brands, Inc. (NASDAQ:SOVO) Q4 2022 Earnings Call Transcript - Yahoo Finance

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Underperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Consumer Defensive
Industry:  Packaged Foods
Shares Out. 101 (M)
Shares Float 38 (M)
% Held by Insiders 10.1 (%)
% Held by Institutions 92.2 (%)
Shares Short 1,710 (K)
Shares Short P.Month 1,680 (K)

Stock Financials

EPS 0.07
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 2.08
Profit Margin (%) -3.6
Operating Margin (%) 5.5
Return on Assets (ttm) 2.3
Return on Equity (ttm) -8.1
Qtrly Rev. Growth 16.8
Gross Profit (p.s.) 2.18
Sales Per Share 7.97
EBITDA (p.s.) 0.82
Qtrly Earnings Growth 0
Operating Cash Flow 55 (M)
Levered Free Cash Flow 51 (M)

Stock Valuations

PE Ratio 238.28
PEG Ratio 5.1
Price to Book value 7.98
Price to Sales 2.09
Price to Cash Flow 30.39

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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