Sonos Inc (NASDAQ: SONO) is -18.48% 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 $12.46 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $12.26, the stock is -10.22% and -13.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.48 million and changing -1.61% at the moment leaves the stock -11.14% off its SMA200. SONO registered -33.59% loss for a year compared to 6-month gain of 7.64%.
The stock witnessed a -14.62% loss in the last 1 month and extending the period to 3 months gives it a -6.05%, and is -6.55% down 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 3.12% over the week and 4.22% over the month.
Sonos Inc (SONO) has around 1708 employees, a market worth around $1.46B and $1.46B in sales. Profit margin for the company is -4.73%. Distance from 52-week low is 19.87% and -37.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.09%).
with sales reaching $251.85M over the same period.The EPS is expected to grow by 38.71% this year, but quarterly earnings will post -3.13% year-over-year. Quarterly sales are estimated to shrink -0.32% in year-over-year returns.
The shares outstanding are 124.73M, and float is at 116.64M with Short Float at 6.57%.
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 4.3071 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
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).
