Why You Need Sonos Inc. (SONO) On Your Watchlist

Sonos Inc. (NASDAQ:SONO) saw an upside of 3.21% to close Tuesday at $31.16 after adding $0.97 on the day. The 5-day average trading volume is 1,971,940 shares of the company’s common stock. It has gained $32.35 in the past week. An average of 2,068,780 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,406,412.

SONO’s 1-month performance is -14.89% or -$5.80 on its low of $30.15 reached on 10/11/21. The company’s shares have touched a 52-week low of $13.96 and high of $44.72, with the stock’s rally to the 52-week high happening on 04/14/21. YTD, SONO has achieved 33.22% or $7.77. However, the current price is down -30.32%% from the 52-week high price.


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Insider Transactions

On Aug 17, 57 days have gone by since the last insider trading activity for Sonos Inc. (SONO). Siegel Matthew O. (Chief Commercial Officer) most recently sold 16,286 shares at $38.67 per share on Aug 17. This transaction cost the insider $629,732. Chief Commercial Officer, Siegel Matthew O., sold 28,161 shares at a price of $41.60 on Aug 16. Then, on Aug 16, Chief Financial Officer Bagley Brittany sold 55,000 shares at a price of $41.16 per share. This transaction amounted to $2,264,036.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 310.65 and a low of 21.26. SONO stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.42 while the price-to-book (PB) in the most recent quarter is 6.64, with the price to cash flow ratio at 14.30.

Sonos Inc.’s quick ratio for the period ended June 29 was 1.90, with the current ratio over the same period at 2.30 meaning that SONO stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 47.40%. The trailing 12-month EBITDA margin is 3.84% while for the period ending June 29; Sonos Inc.’s operating margin was 10.70%. The firm’s gross profit as reported stood at $571.96 million against revenue of $1.33 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SONO to announce -$0.17 per share in earnings in its latest quarter, but it posted $0.12, representing a 170.60% surprise. EBITDA for the quarter stood at more than $25.79 million. SONO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 496.97 million, with total debt at $47.23 million. Shareholders hold equity totaling $125.77 million

Technical Picture

Let’s look briefly at Sonos Inc. (SONO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 33.09% to suggest the stock is trending Neutral, with historical volatility in this time period at 36.04%.

The stock’s 5-day moving average is $31.00, reflecting a -1.27% or -$0.40 change from its current price. SONO is currently trading -13.92% above its 20-day SMA, -6.59% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -6.51% and +27.50% respectively.

Stochastic %K and %D was 5.07% and 6.18% and the average true range (ATR) pointed at 1.21. The RSI (14) points at 33.24%, while the 14-day stochastic is at 14.09% with the period’s ATR at 1.22. The stock’s 9-day MACD Oscillator is pointing at -0.82 and -1.99 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Sonos Inc. (NASDAQ: SONO), Jefferies upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for SONO stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SONO as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.

What is SONO’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $37.00 and a high of $51.00, with their median price target at $48.50. Looking at these predictions, the average price target given by analysts is for Sonos Inc. (SONO) stock is $45.83.

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