Sonos Inc (NASDAQ: SONO) is -8.24% 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 $13.88 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $13.80, the stock is -2.10% and -3.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.97 million and changing -0.58% at the moment leaves the stock -1.01% off its SMA200. SONO registered -28.42% loss for a year compared to 6-month gain of 17.15%. The firm has a 50-day simple moving average (SMA 50) of $14.3582 and a 200-day simple moving average (SMA200) of $13.96075.
The stock witnessed a -6.44% loss in the last 1 month and extending the period to 3 months gives it a 1.25%, and is 1.69% 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 7.53% over the week and 4.61% over the month.
Sonos Inc (SONO) has around 1708 employees, a market worth around $1.64B and $1.46B in sales. Profit margin for the company is -4.73%. Distance from 52-week low is 34.92% and -30.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.09%).
The EPS is expected to grow by 38.71% this year.
Sonos Inc (SONO) Top Institutional Holders
389.0 institutions hold shares in Sonos Inc (SONO), with institutional investors hold 94.75% of the company’s shares. The shares outstanding are 124.73M, and float is at 116.55M with Short Float at 5.02%. Institutions hold 92.83% 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
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Still, SEC filings show that on Nov 14 ’24, Coles Joanna (Director) disposed off 905 shares at an average price of $15.45 for $13982.0. The insider now directly holds 20,044 shares of Sonos Inc (SONO).
