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The price of Sonos Inc (NASDAQ: SONO) closed at $14.48 in the last session, down -0.28% from day before closing price of $14.52. In other words, the price has decreased by -$0.28 from its previous closing price. On the day, 1.12 million shares were traded. SONO stock price reached its highest trading level at $14.73 during the session, while it also had its lowest trading level at $14.33.
Ratios:
We take a closer look at SONO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.70. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 01 ’24 when Millington Nicholas sold 7,730 shares for $14.70 per share. The transaction valued at 113,631 led to the insider holds 371,614 shares of the business.
Mason Christopher Scott sold 20,000 shares of SONO for $308,800 on Jun 14 ’24. The Principal Accounting Officer now owns 122,009 shares after completing the transaction at $15.44 per share. On Jun 04 ’24, another insider, Coles Joanna, who serves as the Director of the company, sold 905 shares for $15.73 each. As a result, the insider received 14,236 and left with 21,854 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 1779606400 and an Enterprise Value of 1547310976. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.15 while its Price-to-Book (P/B) ratio in mrq is 3.75. Its current Enterprise Value per Revenue stands at 1.002 whereas that against EBITDA is 55.595.
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 -9.98%, while the 200-Day Moving Average is calculated to be -8.02%.
Shares Statistics:
According to the various share statistics, SONO traded on average about 1.46M shares per day over the past 3-months and 1511740 shares per day over the past 10 days. 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 90.31% stake in the company. Shares short for SONO as of 1718323200 were 6157386 with a Short Ratio of 4.22, compared to 1715731200 on 6569417. Therefore, it implies a Short% of Shares Outstanding of 6157386 and a Short% of Float of 7.1.
Earnings Estimates
At present, 5.0 analysts are actively evaluating the performance of Sonos Inc (SONO) in the stock market.On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.08 and a low estimate of -$0.08, while EPS last year was -$0.18. The consensus estimate for the next quarter is $0.04, with high estimates of $0.09 and low estimates of -$0.12.
Analysts are recommending an EPS of between $0.24 and -$0.11 for the fiscal current year, implying an average EPS of $0.13. EPS for the following year is $0.36, with 6.0 analysts recommending between $0.71 and -$0.03.
Revenue Estimates
For the next quarter, 4 analysts are estimating revenue of $391.64M. There is a high estimate of $416.53M for the next quarter, whereas the lowest estimate is $363.99M.
A total of 5 analysts have provided revenue estimates for SONO’s current fiscal year. The highest revenue estimate was $1.67B, while the lowest revenue estimate was $1.62B, resulting in an average revenue estimate of $1.65B. In the same quarter a year ago, actual revenue was $1.66BBased on 6 analysts’ estimates, the company’s revenue will be $1.79B in the next fiscal year. The high estimate is $1.85B and the low estimate is $1.73B.
