Sonos Inc (NASDAQ: SONO) is -21.24% lower on its value in year-to-date trading and has touched a low of $9.78 and a high of $19.76 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SONO stock was last observed hovering at around $13.42 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $13.50, the stock is -4.75% and -9.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.62 million and changing 0.60% at the moment leaves the stock -14.97% off its SMA200. SONO registered -21.24% loss for a year compared to 6-month loss of -15.68%.
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The stock witnessed a -6.38% gain in the last 1 month and extending the period to 3 months gives it a -20.12%, and is 0.60% 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 3.42% over the week and 3.25% over the month.
Sonos Inc (SONO) has around 1867 employees, a market worth around $1.66B and $1.54B in sales. Fwd P/E is 30.68. Profit margin for the company is -2.82%. Distance from 52-week low is 38.04% and -31.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.98%).
The EPS is expected to grow by 360.00% this year
The shares outstanding are 125.11M, and float is at 120.55M with Short Float at 5.46%.
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 10,000 shares of the company’s common stock on Jul 17 ’24 at a price of $14.45 per share for a total of $0.14 million. Following the sale, the insider now owns 0.12 million shares.
Sonos Inc disclosed in a document filed with the SEC on Jul 11 ’24 that Coles Joanna (Director) sold a total of 905 shares of the company’s common stock. The trade occurred on Jul 11 ’24 and was made at $15.00 per share for $13575.0. Following the transaction, the insider now directly holds 20949.0 shares of the SONO stock.
Still, SEC filings show that on Jul 01 ’24, Millington Nicholas (Chief Innovation Officer) disposed off 7,730 shares at an average price of $14.70 for $0.11 million. The insider now directly holds 371,614 shares of Sonos Inc (SONO).
