Sonos Inc (NASDAQ: SONO) is -25.32% lower on its value in year-to-date trading and has touched a low of $10.10 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 $12.53 in the last trading session, with the day’s gains setting it 0.27%.
Currently trading at $12.80, the stock is 2.35% and 4.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing 2.15% at the moment leaves the stock -15.88% off its SMA200. SONO registered 20.08% gain for a year compared to 6-month loss of -24.93%. The firm has a 50-day simple moving average (SMA 50) of $12.199 and a 200-day simple moving average (SMA200) of $15.21555.
The stock witnessed a 10.15% gain in the last 1 month and extending the period to 3 months gives it a 6.93%, and is 0.16% 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 3.21% over the week and 3.12% over the month.
Sonos Inc (SONO) has around 1867 employees, a market worth around $1.58B and $1.57B in sales. Profit margin for the company is -1.04%. Distance from 52-week low is 26.73% and -35.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.15%).
The EPS is expected to shrink by -234.38% this year.
Sonos Inc (SONO) Top Institutional Holders
384.0 institutions hold shares in Sonos Inc (SONO), with institutional investors hold 95.74% of the company’s shares. The shares outstanding are 125.11M, and float is at 118.70M with Short Float at 8.36%. Institutions hold 93.83% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.52 million shares valued at $288.12 million. The investor’s holdings represent 15.7738% of the SONO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.18 million shares valued at $209.33 million to account for 11.4605 of the shares outstanding. The other top investors are TRIGRAN INVESTMENTS, INC. which holds 5.28 million shares representing 4.2654% and valued at over $77.91 million, while STATE STREET CORP holds 3.9013 of the shares totaling 4.83 million with a market value of $71.26 million.
Sonos Inc (SONO) Insider Activity
The most recent transaction is an insider sale by Bouvat-Merlin Maxime, the company’s Chief Product Officer. SEC filings show that Bouvat-Merlin Maxime sold 37,256 shares of the company’s common stock on Aug 19 ’24 at a price of $11.53 per share for a total of $0.43 million. Following the sale, the insider now owns 0.0 shares.
Sonos Inc disclosed in a document filed with the SEC on Aug 16 ’24 that Braman Shamayne (Chief People Officer) sold a total of 6,438 shares of the company’s common stock. The trade occurred on Aug 16 ’24 and was made at $11.56 per share for $74423.0. Following the transaction, the insider now directly holds 26588.0 shares of the SONO stock.
Still, SEC filings show that on Aug 19 ’24, Bouvat-Merlin Maxime (Officer) Proposed Sale 37,256 shares at an average price of $11.70 for $0.44 million. The insider now directly holds shares of Sonos Inc (SONO).
