Sonos Inc (NASDAQ: SONO) is 1.17% higher on its value in year-to-date trading and has touched a low of $9.78 and a high of $21.98 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SONO stock was last observed hovering at around $17.71 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $17.34, the stock is -3.54% and -6.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing -2.09% at the moment leaves the stock 11.74% off its SMA200. SONO registered -16.43% loss for a year compared to 6-month gain of 56.92%.
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The stock witnessed a -8.21% loss in the last 1 month and extending the period to 3 months gives it a 6.64%, and is 2.12% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.50% over the week and 2.49% over the month.
Sonos Inc (SONO) has around 1867 employees, a market worth around $2.15B and $1.60B in sales. Fwd P/E is 33.90. Profit margin for the company is -0.28%. Distance from 52-week low is 77.30% and -21.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.69%).
The EPS is expected to grow by 562.50% this year
The shares outstanding are 125.11M, and float is at 121.54M with Short Float at 5.28%.
Sonos Inc (SONO) Insider Activity
The most recent transaction is an insider sale by Mason Christopher Scott, the company’s Principal Accounting Officer. SEC filings show that Mason Christopher Scott sold 20,000 shares of the company’s common stock on Apr 10 ’24 at a price of $17.62 per share for a total of $0.35 million. Following the sale, the insider now owns 0.12 million shares.
Sonos Inc disclosed in a document filed with the SEC on Apr 04 ’24 that Coles Joanna (Director) sold a total of 905 shares of the company’s common stock. The trade occurred on Apr 04 ’24 and was made at $19.16 per share for $17340.0. Following the transaction, the insider now directly holds 23664.0 shares of the SONO stock.
Still, SEC filings show that on Mar 04 ’24, Coles Joanna (Director) disposed off 905 shares at an average price of $19.35 for $17512.0. The insider now directly holds 13,913 shares of Sonos Inc (SONO).
