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As of close of business last night, Sonos Inc’s stock clocked out at $13.52, down -0.81% from its previous closing price of $13.63. In other words, the price has decreased by -$0.81 from its previous closing price. On the day, 1.57 million shares were traded. SONO stock price reached its highest trading level at $13.8 during the session, while it also had its lowest trading level at $13.45.
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 5.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.17. 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:
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 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 1649358976 and an Enterprise Value of 1420196736. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04 while its Price-to-Book (P/B) ratio in mrq is 3.65. Its current Enterprise Value per Revenue stands at 0.906 whereas that against EBITDA is 27.067.
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 $10.10. The 50-Day Moving Average of the stock is 9.58%, while the 200-Day Moving Average is calculated to be -10.80%.
Shares Statistics:
It appears that SONO traded 2.12M shares on average per day over the past three months and 1365690 shares per day over the past ten days. A total of 125.11M shares are outstanding, with a floating share count of 118.70M. Insiders hold about 1.90% of the company’s shares, while institutions hold 91.51% stake in the company. Shares short for SONO as of 1728950400 were 9926036 with a Short Ratio of 4.69, compared to 1726185600 on 12317498. Therefore, it implies a Short% of Shares Outstanding of 9926036 and a Short% of Float of 11.700000000000001.
