Quarterly Metrics: Quick and Current Ratios for Sonos Inc (SONO)

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As of close of business last night, Sonos Inc’s stock clocked out at $15.73, down -1.38% from its previous closing price of $15.95. In other words, the price has decreased by -$1.38 from its previous closing price. On the day, 0.78 million shares were traded. SONO stock price reached its highest trading level at $15.97 during the session, while it also had its lowest trading level at $15.5.

Ratios:

To gain a deeper understanding of SONO’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.71. 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 04 ’24 when Coles Joanna sold 905 shares for $15.73 per share. The transaction valued at 14,236 led to the insider holds 21,854 shares of the business.

Bouvat-Merlin Maxime sold 40,222 shares of SONO for $665,375 on May 20 ’24. The Chief Product Officer now owns 24,650 shares after completing the transaction at $16.54 per share. On May 15 ’24, another insider, Mason Christopher Scott, who serves as the Principal Accounting Officer of the company, sold 20,000 shares for $17.57 each. As a result, the insider received 351,400 and left with 122,009 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 1933232640 and an Enterprise Value of 1700937088. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25 while its Price-to-Book (P/B) ratio in mrq is 4.07. Its current Enterprise Value per Revenue stands at 1.102 whereas that against EBITDA is 61.114.

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 -6.85%, while the 200-Day Moving Average is calculated to be 0.52%.

Shares Statistics:

It appears that SONO traded 1.63M shares on average per day over the past three months and 1432130 shares per day over the past ten 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 90.54% stake in the company. Shares short for SONO as of 1715731200 were 6569417 with a Short Ratio of 3.44, compared to 1713139200 on 6045069. Therefore, it implies a Short% of Shares Outstanding of 6569417 and a Short% of Float of 7.580000000000001.

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