A share price of Sonos Inc [SONO] is currently trading at $13.58, up 1.19%. An important factor to consider is whether the stock is rising or falling in short-term value. The SONO shares have lost -3.48% over the last week, with a monthly amount drifted -7.62%, and not seem to be holding up well over a long-time horizon.
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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 experienced fluctuations in its stock price throughout the past year between $9.78 and $19.76. Currently, Wall Street analysts expect the stock to reach $29 within the next 12 months. Sonos Inc [NASDAQ: SONO] shares were valued at $13.58 at the most recent close of the market. An investor can expect a potential return of 113.55% based on the average SONO price forecast.
Analyzing the SONO fundamentals
Trailing Twelve Months sales for Sonos Inc [NASDAQ:SONO] were 1.54B which represents -16.93% decline. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.08 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
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 13.34 points at the first support level, and at 13.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.89, and for the 2nd resistance point, it is at 14.19.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Sonos Inc [NASDAQ:SONO] is 1.92. On the other hand, the Quick Ratio is 1.33, and the Cash Ratio is 0.81. Considering the valuation of this stock, the price to sales ratio is 1.08, the price to book ratio is 3.51.
Transactions by insiders
Recent insider trading involved Mason Christopher Scott, Principal Accounting Officer, that happened on Jul 17 ’24 when 10000.0 shares were sold. Director, Coles Joanna completed a deal on Jul 11 ’24 to sell 905.0 shares. Meanwhile, Chief Innovation Officer Millington Nicholas sold 7730.0 shares on Jul 01 ’24.
