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Sovos Brands, Inc. (SOVO)
22.98  0.03 (0.13%)    03-11 16:00
Open: 22.96
High: 23
Volume: 6,843,065
  
Pre. Close: 22.95
Low: 22.96
Market Cap: 2,341(M)
Technical analysis
2024-04-19 3:55:19 PM
Short term     
Mid term     
Targets 6-month :  26.86 1-year :  31.37
Resists First :  23 Second :  26.86
Pivot price 22.74
Supports First :  22.43 Second :  22.07
MAs MA(5) :  22.94 MA(20) :  22.65
MA(100) :  22.1 MA(250) :  20.51
MACD MACD :  0.1 Signal :  0.1
%K %D K(14,3) :  96 D(3) :  93.4
RSI RSI(14): 79
52-week High :  23 Low :  13.84
Price, MAs 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 16.8%. Bollinger Bands are 47.9% 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 3 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 23.01 - 23.08 23.08 - 23.16
Low: 22.75 - 22.83 22.83 - 22.93
Close: 22.83 - 22.96 22.96 - 23.1
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

Tue, 12 Mar 2024
Sovos Brands Acquired by Campbell in Strategic Financial Move - TipRanks.com - TipRanks

Mon, 11 Mar 2024
Should You Accumulate Sovos Brands Inc (SOVO) in Packaged Foods Industry? - InvestorsObserver

Tue, 05 Mar 2024
Sovos Brands stock ticks higher amid Nasdaq delisting notice for Campbell Soup sale - Seeking Alpha

Fri, 01 Mar 2024
Sovos sales surpass $1B as Campbell Soup acquisition looms - Boulder Daily Camera

Wed, 28 Feb 2024
Sovos Brands Inc (SOVO) Surpasses $1 Billion in Net Sales with Robust Year-Over-Year Growth - Yahoo Finance

Wed, 21 Feb 2024
Sovos Brands, Inc. (SOVO) Earnings Expected to Grow: Should You Buy? - Yahoo Finance

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Neutral
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Consumer Defensive
Industry:
Packaged Foods
Shares Out 102 (M)
Shares Float 64 (M)
Held by Insiders 4.2 (%)
Held by Institutions 110.3 (%)
Shares Short 12,070 (K)
Shares Short P.Month 13,030 (K)
Stock Financials
EPS 0.28
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 5.21
Profit Margin 2.9 %
Operating Margin 11.1 %
Return on Assets (ttm) 5.1 %
Return on Equity (ttm) 6 %
Qtrly Rev. Growth 11.3 %
Gross Profit (p.s.) 0
Sales Per Share 10.01
EBITDA (p.s.) 1.29
Qtrly Earnings Growth 0 %
Operating Cash Flow 105 (M)
Levered Free Cash Flow 100 (M)
Stock Valuations
PE Ratio 79.24
PEG Ratio 1.3
Price to Book value 4.4
Price to Sales 2.29
Price to Cash Flow 22.22
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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