Sonos Inc (NASDAQ: SONO) is -42.85% lower on its value in year-to-date trading and has touched a low of $8.88 and a high of $19.33 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 $8.90 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $8.60, the stock is -22.84% and -31.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.13 million and changing -3.43% at the moment leaves the stock -34.36% off its SMA200. SONO registered -54.81% loss for a year compared to 6-month gain of -27.71%. The firm has a 50-day simple moving average (SMA 50) of $12.4944 and a 200-day simple moving average (SMA200) of $13.09445.
The stock witnessed a -33.68% loss in the last 1 month and extending the period to 3 months gives it a -41.69%, and is -20.27% 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 6.32% over the week and 4.30% over the month.
Sonos Inc (SONO) has around 1708 employees, a market worth around $1.02B and $1.46B in sales. Profit margin for the company is -4.73%. Distance from 52-week low is -3.21% and -55.52% 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.
Sonos Inc (SONO) Top Institutional Holders
384.0 institutions hold shares in Sonos Inc (SONO), with institutional investors hold 97.05% of the company’s shares. The shares outstanding are 124.73M, and float is at 116.39M with Short Float at 5.74%. Institutions hold 94.85% 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 15.9278% 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 3.9394 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).
