Sonos Inc [SONO] stock is trading at $9.22, up 0.77%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SONO shares have gain 14.25% over the last week, with a monthly amount drifted -19.48%, 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.
Sonos Inc [SONO] stock has fluctuated between $7.62 and $18.01 over the past year. Currently, Wall Street analysts expect the stock to reach $21.33 within the next 12 months. Sonos Inc [NASDAQ: SONO] shares were valued at $9.22 at the most recent close of the market. An investor can expect a potential return of 131.34% based on the average SONO price forecast.
Analyzing the SONO fundamentals
Sonos Inc [NASDAQ:SONO] reported sales of 1.46B for the trailing twelve months, which represents a drop of -10.12%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.14.
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 9.11 points at the first support level, and at 9.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.28, and for the 2nd resistance point, it is at 9.34.
Ratios To Look Out For
For context, Sonos Inc’s Current Ratio is 1.64. As well, the Quick Ratio is 1.27, while the Cash Ratio is 0.75. Considering the valuation of this stock, the price to sales ratio is 0.75, the price to book ratio is 2.45.
Transactions by insiders
Recent insider trading involved Coliseum Capital Management, L, 10% Owner, that happened on Apr 03 ’25 when 0.15 million shares were purchased. 10% Owner, Coliseum Capital Management, L completed a deal on Apr 07 ’25 to buy 62506.0 shares. Meanwhile, Former Officer & Director Spence Patrick bought 0.25 million shares on Feb 10 ’25.
