At the time of writing, Sonos Inc [SONO] stock is trading at $13.49, up 7.83%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SONO shares have gain 4.41% over the last week, with a monthly amount drifted -3.16%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Sonos Inc [NASDAQ: SONO] stock has seen the most recent analyst activity on September 26, 2024, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $11 from $25. Previously, Craig Hallum downgraded its rating to Hold on August 08, 2024, and dropped its price target to $10. On December 12, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $20 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $12 on November 07, 2023. Rosenblatt initiated its recommendation with a Buy and recommended $20 as its price target on September 20, 2023. Craig Hallum started tracking with a Buy rating for this stock on September 08, 2023, and assigned it a price target of $20. In a note dated June 15, 2022, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $38 to $28.
For the past year, the stock price of Sonos Inc fluctuated between $10.23 and $19.76. Currently, Wall Street analysts expect the stock to reach $14.5 within the next 12 months. Sonos Inc [NASDAQ: SONO] shares were valued at $13.49 at the most recent close of the market. An investor can expect a potential return of 7.49% based on the average SONO price forecast.
Analyzing the SONO fundamentals
According to Sonos Inc [NASDAQ:SONO], the company’s sales were 1.46B for trailing twelve months, which represents an -10.12% plunge. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.15 and Total Capital is -0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.14.
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 13.00 points at the first support level, and at 12.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.78, and for the 2nd resistance point, it is at 14.06.
Ratios To Look Out For
It is important to note that Sonos Inc [NASDAQ:SONO] has a current ratio of 1.64. Also, the Quick Ratio is 1.27, while the Cash Ratio stands at 0.75. Considering the valuation of this stock, the price to sales ratio is 1.10, the price to book ratio is 3.59.
Transactions by insiders
Recent insider trading involved Spence Patrick, Former Officer & Director, that happened on Feb 10 ’25 when 0.25 million shares were purchased. Officer, Mason Christopher Scott completed a deal on Dec 03 ’24 to buy 1689.0 shares. Meanwhile, Director Coles Joanna sold 905.0 shares on Nov 14 ’24.
