Sonos Inc [SONO] stock is trading at $18.89, down -1.72%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SONO shares have gain 6.00% over the last week, with a monthly amount glided 1.56%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, Sonos Announces Participation in Morgan Stanley Technology, Media & Telecom Conference. In a post published today on Yahoo Finance, Sonos, Inc. (Nasdaq: SONO) today announced that Patrick Spence, Chief Executive Officer, and Saori Casey, Chief Financial Officer, will participate in the Morgan Stanley Technology, Media & Telecom Conference on Monday, Mar. 4. Patrick and Saori will participate in a fireside chat beginning at 11:55 am Pacific. A live webcast and replay of the fireside chat will be accessible in the News & Events section of the Sonos investor relations website: https://investors.sonos.com/news-and-events/default.aspx#section=events-and-presentations.
From an analyst’s perspective:
Sonos Inc [NASDAQ: SONO] stock has seen the most recent analyst activity on December 12, 2023, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $20 from $17. Previously, BofA Securities downgraded its rating to Neutral on November 07, 2023, and dropped its price target to $12. On September 20, 2023, Rosenblatt initiated with a Buy rating and assigned a price target of $20 on the stock. Craig Hallum started tracking the stock assigning a Buy rating and suggested a price target of $20 on September 08, 2023. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $28 on June 15, 2022. Jefferies upgraded its rating to Buy for this stock on August 16, 2021, and upped its price target to $50. In a note dated February 12, 2021, Goldman upgraded an Neutral rating on this stock and boosted its target price from $17 to $37.
Sonos Inc [SONO] stock has fluctuated between $9.78 and $21.98 over the past year. Currently, Wall Street analysts expect the stock to reach $31.5 within the next 12 months. Sonos Inc [NASDAQ: SONO] shares were valued at $18.89 at the most recent close of the market. An investor can expect a potential return of 66.75% based on the average SONO price forecast.
Analyzing the SONO fundamentals
Sonos Inc [NASDAQ:SONO] reported sales of 1.60B for the trailing twelve months, which represents a drop of -8.88%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.1.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.74 points at the first support level, and at 18.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.19, and for the 2nd resistance point, it is at 19.49.
Sonos Inc [SONO] reported earnings per share of $0.64 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.39/share, meaning a difference of $0.25 and a surprise factor of 64.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.25 per share as compared to estimates of -$0.18 per share, a difference of -$0.07 representing a surprise of -38.90%.
Ratios To Look Out For
For context, Sonos Inc’s Current Ratio is 2.02. In addition, the Quick Ratio stands at 1.56 and the Cash Ratio stands at 1.24. Considering the valuation of this stock, the price to sales ratio is 1.47, the price to book ratio is 4.04.
Transactions by insiders
Recent insider trading involved Coles Joanna, Director, that happened on Mar 04 ’24 when 905.0 shares were sold. Director, Conrad Thomas completed a deal on Feb 07 ’24 to sell 5337.0 shares. Meanwhile, Director Coles Joanna sold 905.0 shares on Feb 05 ’24.
