Sonos Inc (NASDAQ: SONO) is -20.42% lower on its value in year-to-date trading and has touched a low of $10.23 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 $13.17 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $13.64, the stock is 1.36% and 6.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing 3.57% at the moment leaves the stock -8.57% off its SMA200. SONO registered -8.76% loss for a year compared to 6-month loss of -13.62%. The firm has a 50-day simple moving average (SMA 50) of $12.8182 and a 200-day simple moving average (SMA200) of $14.91885.
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The stock witnessed a 5.08% gain in the last 1 month and extending the period to 3 months gives it a 11.99%, and is 5.33% 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 4.94% over the week and 5.03% over the month.
Sonos Inc (SONO) has around 1708 employees, a market worth around $1.72B and $1.52B in sales. Profit margin for the company is -2.51%. Distance from 52-week low is 33.36% and -30.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.86%).
The EPS is expected to grow by 17.42% this year
393.0 institutions hold shares in Sonos Inc (SONO), with institutional investors hold 93.32% of the company’s shares. The shares outstanding are 121.76M, and float is at 119.27M with Short Float at 7.31%. Institutions hold 91.50% 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 Coles Joanna, the company’s Director. SEC filings show that Coles Joanna sold 905 shares of the company’s common stock on Nov 14 ’24 at a price of $15.45 per share for a total of $13982.0. Following the sale, the insider now owns 20044.0 shares.
Still, SEC filings show that on Aug 19 ’24, Bouvat-Merlin Maxime (Chief Product Officer) disposed off 37,256 shares at an average price of $11.53 for $0.43 million. The insider now directly holds 0 shares of Sonos Inc (SONO).
