Sonos Inc (SONO) concluded trading on Wednesday at a closing price of $19.28, with 10.31 million shares of worth about $198.76 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.49% during that period and on Wednesday February 7 the price saw a gain of about 17.13%. Currently the company’s common shares owned by public are about 125.11M shares, out of which, 122.10M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 76 times over the past 12 months. They bought 789,434 shares in 35 of the transactions. In 41 selling transactions, insiders dumped 446,662 shares.
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However, the stock later moved at a day high price of 19.45, or with a gain of 17.13%. Stock saw a price change of 23.75% in past 5 days and over the past one month there was a price change of 15.59%. Year-to-date (YTD), SONO shares are showing a performance of 12.49% which increased to 6.81% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.78 but also hit the highest price of $21.98 during that period. The average intraday trading volume for Sonos Inc shares is 2.31 million. The stock is currently trading 19.09% above its 20-day simple moving average (SMA20), while that difference is up 18.52% for SMA50 and it goes to 27.43% higher than SMA200.
Sonos Inc (NASDAQ: SONO) currently have 125.11M outstanding shares and institutions hold larger chunk of about 87.98% of that.
The stock has a current market capitalization of $2.39B and its 3Y-monthly beta is at 1.97. It has posted earnings per share of -$0.03 in the same period. It has Quick Ratio of 1.56 while making debt-to-equity ratio of 0.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SONO, volatility over the week remained 4.42% while standing at 3.36% over the month.
Analysts are in expectations that Sonos Inc (SONO) stock would likely to be making an EPS of -$0.23 in the current quarter, while forecast for next quarter EPS is $0 and it is $0.35 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.4 which is -$0.16 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.24 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 517.86% while it is estimated to increase by 46.21% in next year. EPS is likely to shrink at an annualized rate of 3.90% for next 5-years, compared to annual growth of 19.48% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on December 12, 2023 offering an Overweight rating for the stock and assigned a target price range of between $17 and $20 to it.
