Sonos Inc (NASDAQ: SONO) is -25.53% 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 $11.69 in the last trading session, with the day’s loss setting it -0.49%.
Currently trading at $11.20, the stock is -11.72% and -17.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing -4.19% at the moment leaves the stock -16.88% off its SMA200. SONO registered -40.93% loss for a year compared to 6-month gain of -0.80%. The firm has a 50-day simple moving average (SMA 50) of $13.6218 and a 200-day simple moving average (SMA200) of $13.4744.
The stock witnessed a -15.34% loss in the last 1 month and extending the period to 3 months gives it a -24.73%, and is -13.58% 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 4.93% over the week and 4.11% over the month.
Sonos Inc (SONO) has around 1708 employees, a market worth around $1.33B and $1.46B in sales. Profit margin for the company is -4.73%. Distance from 52-week low is 9.50% and -43.32% 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 17.42% this year
382.0 institutions hold shares in Sonos Inc (SONO), with institutional investors hold 96.81% of the company’s shares. The shares outstanding are 124.73M, and float is at 116.49M with Short Float at 5.86%. Institutions hold 94.71% 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 4.3071 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).
