Sonos Inc (SONO) concluded trading on Wednesday at a closing price of $14.08, with 4.25 million shares of worth about $59.83 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.33% during that period and on November 13, 2024 the price saw a gain of about 0.14%. Currently the company’s common shares owned by public are about 125.11M shares, out of which, 118.70M shares are available for trading.
Stock saw a price change of 3.30% in past 5 days and over the past one month there was a price change of 17.14%. Year-to-date (YTD), SONO shares are showing a performance of -17.85% which increased to 32.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.23 but also hit the highest price of $19.76 during that period. The average intraday trading volume for Sonos Inc shares is 1.91 million. The stock is currently trading 6.29% above its 20-day simple moving average (SMA20), while that difference is up 12.64% for SMA50 and it goes to -6.84% lower than SMA200.
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Sonos Inc (NASDAQ: SONO) currently have 125.11M outstanding shares and institutions hold larger chunk of about 85.95% of that.
The stock has a current market capitalization of $1.70B and its 3Y-monthly beta is at 2.05. It has posted earnings per share of -$0.14 in the same period. It has Quick Ratio of 1.23 while making debt-to-equity ratio of 0.13. 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 3.09% while standing at 3.56% over the month.
Stock’s fiscal year EPS is expected to rise by 11.61% while it is estimated to increase by 151.09% 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 September 26, 2024 offering an Underweight rating for the stock and assigned a target price range of between $25 and $11 to it. Coverage by Craig Hallum stated Sonos Inc (SONO) stock as a Hold in their note to investors on August 08, 2024, suggesting a price target of $10 for the stock. On December 12, 2023, Morgan Stanley Upgrade their recommendations, while on November 07, 2023, BofA Securities Downgrade their ratings for the stock with a price target of $12. Stock get a Buy rating from Rosenblatt on September 20, 2023.
