Is it Right Time Pull the Trigger on Sonos Inc. [SONO] Stock?

Sonos Inc. [SONO] shares are up more than 68.35% this year and recently decreased 0.0% or $0.11 to settle at $22.29. Analysts expect SONO to grow earnings at a 26.60% annual rate over the next 5 years. SONO has a short ratio of 1.45. This implies that the market is currently less bullish on the outlook for SONO.

On 18, November 2020, Sonos Announces $50 Million Stock Repurchase Program and Completion of Previous Stock Repurchase Program. According to news published on Yahoo Finance, Sonos, Inc. (Nasdaq: SONO) today announced that its Board of Directors has authorized a common stock repurchase program of up to $50 million.

Analyst Birdseye View:

The most recent analyst activity for Sonos Inc. [NASDAQ:SONO] stock was on July 29, 2020, when it was Downgrade with a Mkt perform rating from Raymond James. Before that, on October 15, 2020, BofA Securities Recapitulated a Buy rating and elevated its amount target to $18. On April 17, 2020, Goldman Downgrade a Sell rating and plunged its price target on this stock from $20 to $7.50. On February 25, 2020, BofA/Merrill Initiated a Neutral rating and increased its price target to $15. On November 13, 2019, RBC Capital Mkts Initiated an Outperform rating. On August 19, 2019, Raymond James Upgrade a Strong buy rating and boosted its amount on this stock to $19. On April 02, 2019, DA Davidson Initiated a Buy rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $6.58 and a peak of $23.08. Right now, the middling Wall Street analyst 12-month amount mark is $22.00. At the most recent market close, shares of Sonos Inc. [NASDAQ:SONO] were valued at $22.29. According to the average price forecast, investors can expect a potential return of 2.27%.

FUNDAMENTAL ANALYSIS

Sonos Inc. [NASDAQ:SONO] most recently reported quarterly sales of 339.84 billion, which represented growth of 15.50%. This publicly-traded organization’s revenue is $929,452 per employee, while its income is -$14,096 per employee. This company’s Gross Margin is currently 43.10%, its Operating Margin is -2.10%, its Pretax Margin is -1.51, and its Net Margin is -1.52. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -2.55, -6.95, 4.17 and -5.98 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 22.44 and the whole liability to whole assets at 10.56. It shows enduring liability to the whole principal at 17.87 and enduring liability to assets at 0.08 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 21.70 points at 1st support level, the second support level is making up to 21.10. But as of 1st resistance point, this stock is sitting at 22.79 and at 23.28 for 2nd resistance point.

Sonos Inc. [SONO] reported its earnings at $0.15 per share in the fiscal quarter closing of 9/29/2020. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.52 calling estimates for -$0.27/share with the difference of -0.25 depicting the surprise of -92.60%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Sonos Inc. [NASDAQ:SONO] is 1.70. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.04. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.28 and it’s amount to book ratio is 5.85.

Insider Stories

The most recent insider trade was by Volpi Michelangelo, Director, and it was the sale of 0.14 million shares on Nov 30. Volpi Michelangelo, the Director, completed a sale of 37368.0 shares on Nov 27. On Nov 25, Volpi Michelangelo, Director, completed a sale of 0.14 million shares.