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In the latest session, Sonos Inc (NASDAQ: SONO) closed at $11.81 down -3.91% from its previous closing price of $12.29. In other words, the price has decreased by -$3.91 from its previous closing price. On the day, 1.98 million shares were traded. SONO stock price reached its highest trading level at $12.37 during the session, while it also had its lowest trading level at $11.76.
Ratios:
For a deeper understanding of Sonos Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.14. For the most recent quarter (mrq), Quick Ratio is recorded 1.23 and its Current Ratio is at 1.65. In the meantime, Its Debt-to-Equity ratio is 0.13 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 September 26, 2024, Downgraded its rating to Underweight and sets its target price to $11 from $25 previously.
On August 08, 2024, Craig Hallum Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $25 to $10.
Morgan Stanley Upgraded its Equal-Weight to Overweight on December 12, 2023, whereas the target price for the stock was revised from $17 to $20.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 19 ’24 when Bouvat-Merlin Maxime sold 37,256 shares for $11.53 per share. The transaction valued at 429,375 led to the insider holds 0 shares of the business.
Braman Shamayne sold 6,438 shares of SONO for $74,423 on Aug 16 ’24. The Chief People Officer now owns 26,588 shares after completing the transaction at $11.56 per share. On Aug 19 ’24, another insider, Bouvat-Merlin Maxime, who serves as the Officer of the company, bought 37,256 shares for $11.70 each.
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 1429128192 and an Enterprise Value of 1213269760. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.91 while its Price-to-Book (P/B) ratio in mrq is 3.19. Its current Enterprise Value per Revenue stands at 0.774 whereas that against EBITDA is 23.124.
Stock Price History:
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 -3.33%, while the 200-Day Moving Average is calculated to be -24.93%.
Shares Statistics:
For the past three months, SONO has traded an average of 2.23M shares per day and 2830830 over the past ten days. A total of 125.11M shares are outstanding, with a floating share count of 118.68M. Insiders hold about 1.92% of the company’s shares, while institutions hold 92.79% stake in the company. Shares short for SONO as of 1726185600 were 12317498 with a Short Ratio of 5.53, compared to 1723680000 on 10691519. Therefore, it implies a Short% of Shares Outstanding of 12317498 and a Short% of Float of 14.52.
