Sonos Inc. (NASDAQ:SONO) saw a downside of -1.60% to close Monday at $16.00 after subtracting -$0.26 on the day. The 5-day average trading volume is 1,443,080 shares of the company’s common stock. It has gained $17.32 in the past week and touched a new high 1 time within the past 5 days. An average of 1,437,265 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,804,952.
SONO’s 1-month performance is -1.30% or -$0.21 on its low of $15.70 reached on 08/07/23. The company’s shares have touched a 52-week low of $13.65 and high of $24.56, with the stock’s rally to the 52-week high happening on 05/10/23. YTD, SONO has lost -5.33% or -$0.90 and has reached a new high 15 times. However, the current price is down -34.85% from the 52-week high price.
Insider Transactions
SONO stock investors last saw insider trading activity on Aug 03.Coles Joanna (Director) most recently sold 905 shares at $16.56 per share on Aug 03. This transaction cost the insider $14,987. Director, Coles Joanna, sold 905 shares at a price of $16.42 on Jul 03. Then, on Jun 05, Director Coles Joanna sold 905 shares at a price of $15.00 per share. This transaction amounted to $13,575.
Valuation Metrics
SONO stock has a beta of 1.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.27 while the price-to-book (PB) in the most recent quarter is 3.34.
Sonos Inc.’s quick ratio for the period ended March 30 was 1.20, with the current ratio over the same period at 2.10. In terms of profitability, the gross margin trailing 12 months is 43.00%. The trailing 12-month EBITDA margin is 8.61% while for the period ending March 30, Sonos Inc.’s operating margin was -1.40%. The firm’s gross profit as reported stood at $796.37 million against revenue of $1.75 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 127.96% to -$30.65 million, while revenue of $75.19 million was 345.32% off the previous quarter. Analysts expected SONO to announce -$0.18 per share in earnings in its latest quarter, but it posted -$0.24, representing a -33.30% surprise. EBITDA for the quarter stood at more than -$45.51 million. SONO stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 446.34 million, with total debt at $30.55 million. Shareholders hold equity totaling $128.32 million.
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 07 August was 34.59% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.83%.
The stock’s 5-day moving average is $16.61, reflecting a -6.65% or -$1.14 change from its current price. SONO is currently trading -3.96% above its 20-day SMA, -17.10% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.42% and SMA200 by+8.84%.
Stochastic %K and %D was 23.85% and 36.59% and the average true range (ATR) pointed at 0.53. The RSI (14) points at 41.13%, while the 14-day stochastic is at 15.65% with the period’s ATR at 0.52. The stock’s 9-day MACD Oscillator is pointing at -0.51 and -0.43 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Sonos Inc. (NASDAQ: SONO), Morgan Stanley downgraded it to an Equal-weight rating. They previously had an Overweight 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 4 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 $19.00 and a high of $23.70, with their median price target at $22.00. Looking at these predictions, the average price target given by analysts is for Sonos Inc. (SONO) stock is $21.14.
