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After finishing at $14.16 in the prior trading day, Sonos Inc (NASDAQ: SONO) closed at $14.08, down -0.56%. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 1.5 million shares were traded. SONO stock price reached its highest trading level at $14.25 during the session, while it also had its lowest trading level at $13.86.
Ratios:
Our goal is to gain a better understanding of SONO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.38. For the most recent quarter (mrq), Quick Ratio is recorded 1.33 and its Current Ratio is at 1.92. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.11.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on December 12, 2023, Upgraded its rating to Overweight and sets its target price to $20 from $17 previously.
On November 07, 2023, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $20 to $12.
On September 20, 2023, Rosenblatt started tracking the stock assigning a Buy rating and target price of $20.Rosenblatt initiated its Buy rating on September 20, 2023, with a $20 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 17 ’24 when Mason Christopher Scott sold 10,000 shares for $14.45 per share. The transaction valued at 144,500 led to the insider holds 122,009 shares of the business.
Coles Joanna sold 905 shares of SONO for $13,575 on Jul 11 ’24. The Director now owns 20,949 shares after completing the transaction at $15.00 per share. On Jul 01 ’24, another insider, Millington Nicholas, who serves as the Chief Innovation Officer of the company, sold 7,730 shares for $14.70 each. As a result, the insider received 113,631 and left with 371,614 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SONO now has a Market Capitalization of 1740273920 and an Enterprise Value of 1498150656. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.12 while its Price-to-Book (P/B) ratio in mrq is 3.64. Its current Enterprise Value per Revenue stands at 0.97 whereas that against EBITDA is 53.828.
Stock Price History:
The Beta on a monthly basis for SONO is 1.98, which has changed by -0.18659735 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, SONO has reached a high of $19.76, while it has fallen to a 52-week low of $9.78. The 50-Day Moving Average of the stock is -8.64%, while the 200-Day Moving Average is calculated to be -11.09%.
Shares Statistics:
The stock has traded on average 1.54M shares per day over the past 3-months and 1710150 shares per day over the last 10 days, according to various share statistics. A total of 125.11M shares are outstanding, with a floating share count of 120.55M. Insiders hold about 1.91% of the company’s shares, while institutions hold 90.57% stake in the company. Shares short for SONO as of 1719532800 were 6915479 with a Short Ratio of 4.49, compared to 1717113600 on 5599714. Therefore, it implies a Short% of Shares Outstanding of 6915479 and a Short% of Float of 7.9799999999999995.
