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The closing price of Sonos Inc (NASDAQ: SONO) was $14.41 for the day, up 3.22% from the previous closing price of $13.96. In other words, the price has increased by $3.22 from its previous closing price. On the day, 1.5 million shares were traded. SONO stock price reached its highest trading level at $14.47 during the session, while it also had its lowest trading level at $13.935.
Ratios:
Our analysis of SONO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.03. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 1.51. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.13.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 03 ’24 when Mason Christopher Scott bought 1,689 shares for $14.16 per share.
Coles Joanna sold 905 shares of SONO for $13,982 on Nov 14 ’24. The Director now owns 20,044 shares after completing the transaction at $15.45 per share. On Nov 14 ’24, another insider, Coles Joanna, who serves as the Director of the company, bought 905 shares for $15.45 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 1754619264 and an Enterprise Value of 1530027648. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 4.09. Its current Enterprise Value per Revenue stands at 1.008 whereas that against EBITDA is 353.192.
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 $10.23. The 50-Day Moving Average of the stock is 6.84%, while the 200-Day Moving Average is calculated to be -1.23%.
Shares Statistics:
SONO traded an average of 1.89M shares per day over the past three months and 1438430 shares per day over the past ten days. A total of 121.76M shares are outstanding, with a floating share count of 119.29M. Insiders hold about 2.03% of the company’s shares, while institutions hold 89.90% stake in the company. Shares short for SONO as of 1732838400 were 6251807 with a Short Ratio of 3.31, compared to 1730332800 on 9634236. Therefore, it implies a Short% of Shares Outstanding of 6251807 and a Short% of Float of 7.31.
