Sovos Brands Reaches New 12-Month High at 22.98
| SOVODelisted Stock | USD 18.62 0.16 0.85% |
About 61% of Sovos Brands' investor base is looking to short. The analysis of current outlook of investing in Sovos Brands suggests that many traders are alarmed regarding Sovos Brands' prospects. Sovos Brands' investing sentiment overview a quick insight into current market opportunities from investing in Sovos Brands. Many technical investors use Sovos Brands stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Sovos |
Sovos Brands, Inc. hit a new 52-week high on Monday . The stock traded as high as 22.98 and last traded at 22.98, with a volume of 577293 shares trading hands. The stock had previously closed at 22.95. Analyst Upgrades and Downgrades Separately, Telsey Advisory Group restated a market perform
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Sovos Brands Fundamental Analysis
We analyze Sovos Brands' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sovos Brands using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sovos Brands based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Return On Equity
Return On Equity Comparative Analysis
Sovos Brands is currently under evaluation in return on equity category among its peers. Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Sovos Brands Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sovos Brands stock to make a market-neutral strategy. Peer analysis of Sovos Brands could also be used in its relative valuation, which is a method of valuing Sovos Brands by comparing valuation metrics with similar companies.
Peers
Sovos Brands Related Equities
| MKC-V | McCormick Company | 1.49 |
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| SMPL | Simply Good | 1.71 |
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| JJSF | J J | 2.42 |
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| SENEA | Seneca Foods | 2.43 |
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| THS | Treehouse Foods | 2.56 |
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| JBSS | John B | 2.78 |
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| LANC | Lancaster Colony | 3.64 |
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| HAIN | Hain Celestial | 3.78 |
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| CENT | Central Garden | 4.24 |
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| BRID | Bridgford Foods | 4.27 |
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| NATR | Natures Sunshine | 4.28 |
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| CENTA | Central Garden | 4.55 |
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Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Other Consideration for investing in Sovos Stock
If you are still planning to invest in Sovos Brands check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Sovos Brands' history and understand the potential risks before investing.
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