After finishing at $19.02 in the prior trading day, Sonos Inc (NASDAQ: SONO) closed at $18.69, down -1.74%. In other words, the price has decreased by -$0.33 from its previous closing price. On the day, 1503266 shares were traded.
Ratios:
Our goal is to gain a better understanding of SONO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.24. For the most recent quarter (mrq), Quick Ratio is recorded 1.56 and its Current Ratio is at 2.02. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.10.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 04 ’24 when Coles Joanna sold 905 shares for $19.35 per share. The transaction valued at 17,512 led to the insider holds 13,913 shares of the business.
Conrad Thomas sold 5,337 shares of SONO for $97,720 on Feb 07 ’24. The Director now owns 37,334 shares after completing the transaction at $18.31 per share. On Feb 05 ’24, another insider, Coles Joanna, who serves as the Director of the company, sold 905 shares for $15.82 each. As a result, the insider received 14,317 and left with 14,818 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 2.31B and an Enterprise Value of 1.91B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 4.00. Its current Enterprise Value per Revenue stands at 1.20 whereas that against EBITDA is 52.99.
Stock Price History:
Over the past 52 weeks, SONO has reached a high of $21.98, while it has fallen to a 52-week low of $9.78. The 50-Day Moving Average of the stock is 18.21, while the 200-Day Moving Average is calculated to be 15.40.
Shares Statistics:
The stock has traded on average 2.15M shares per day over the past 3-months and 1.52M shares per day over the last 10 days, according to various share statistics. A total of 125.11M shares are outstanding, with a floating share count of 121.54M. Insiders hold about 1.86% of the company’s shares, while institutions hold 88.01% stake in the company. Shares short for SONO as of Mar 15, 2024 were 5.71M with a Short Ratio of 2.66, compared to 5.95M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.61% and a Short% of Float of 6.51%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of -$0.46 for the current quarter, with a high estimate of -$0.39 and a low estimate of -$0.54, while EPS last year was -$0.24. The consensus estimate for the next quarter is $0.05, with high estimates of $0.17 and low estimates of -$0.06.
Analysts are recommending an EPS of between $0.38 and -$0.03 for the fiscal current year, implying an average EPS of $0.25. EPS for the following year is $0.42, with 6 analysts recommending between $0.81 and $0.12.
Revenue Estimates
A total of 6 analysts have provided revenue estimates for SONO’s current fiscal year. The highest revenue estimate was $1.67B, while the lowest revenue estimate was $1.64B, resulting in an average revenue estimate of $1.65B. In the same quarter a year ago, actual revenue was $1.66B, down -0.10% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $1.78B in the next fiscal year. The high estimate is $1.83B and the low estimate is $1.72B. The average revenue growth estimate for next year is up 7.40% from the average revenue estimate for this year.
