Sonder Holdings Inc. (NASDAQ:SOND) is in the hospitality business, operating and managing a portfolio of properties catering to leisure, business and family travelers.
Its share price has taken a dive since January 2022, when it traded at a 52-week high of $10.88 before collapsing to its 52-week low of $0.901 in mid-July 2022. Since then, it has recovered some, finding a higher bottom, but still struggles to break out above the $2.50 per share mark.
While total costs and…