Thursday, October 29, 2020

why Sonos Inc. [SONO] is a Good Choice for Investors After New Price Target of $16.36

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Sonos Inc. [NASDAQ: SONO] jumped around 0.64 points on Thursday, while shares priced at $14.94 at the close of the session, up 4.51%. The company report on October 1, 2020 that AAMP Global Appoints Matthew Siegel to its Board of Directors.

Today, AAMP Global, leader in vehicle aftermarket technology, announces the appointment of Matthew Siegel to its Board of Directors.

“I am very pleased to welcome Matthew as an independent director on AAMP’s Board,” said Jamie Fraser, AAMP Executive Chairman. “Matthew joins AAMP at an exciting time as we accelerate our digital marketing efforts and expand our vehicle technology solutions. Matthew’s deep digital marketing experience will provide valuable direction to our omni-channel growth strategy.”.

Sonos Inc. stock is now -4.32% down from its year-to-date (YTD) trading value. SONO Stock saw the intraday high of $15.08 and lowest of $14.50 per share. The company’s 52-week high price is 17.83, which means current price is +127.13% above from all time high which was touched on 07/23/20.

Compared to the average trading volume of 4.20M shares, SONO reached a trading volume of 3654166 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Sonos Inc. [SONO]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SONO shares is $16.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SONO stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Sonos Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 15, 2020. The new note on the price target was released on July 29, 2020, representing the official price target for Sonos Inc. stock. Previously, the target price had yet another drop from $20 to $7.50, while Goldman kept a Sell rating on SONO stock.

The Average True Range (ATR) for Sonos Inc. is set at 0.72, with the Price to Sales ratio for SONO stock in the period of the last 12 months amounting to 1.30. The Price to Book ratio for the last quarter was 6.25, with the Price to Cash per share for the same quarter was set at 2.94. Price to Free Cash Flow for SONO in the course of the last twelve months was 31.00 with Quick ratio for the last quarter at 1.50.

How has SONO stock performed recently?

Sonos Inc. [SONO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.06. With this latest performance, SONO shares gained by 6.94% in over the last four-week period, additionally plugging by 76.03% over the last 6 months – not to mention a rise of 12.03% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SONO stock in for the last two-week period is set at 54.01, with the RSI for the last a single of trading hit 55.20, and the three-weeks RSI is set at 53.28 for Sonos Inc. [SONO]. The present Moving Average for the last 50 days of trading for this stock 14.16, while it was recorded at 14.44 for the last single week of trading, and 12.70 for the last 200 days.

Sonos Inc. [SONO]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Sonos Inc. [SONO] shares currently have an operating margin of +0.45 and a Gross Margin at +41.83. Sonos Inc.’s Net Margin is presently recorded at -0.38.

Return on Total Capital for SONO is now 2.03, given the latest momentum, and Return on Invested Capital for the company is -1.74. Return on Equity for this stock declined to -1.95, with Return on Assets sitting at -0.71. When it comes to the capital structure of this company, Sonos Inc. [SONO] has a Total Debt to Total Equity ratio set at 11.81. Additionally, SONO Total Debt to Total Capital is recorded at 10.56, with Total Debt to Total Assets ending up at 4.36. Long-Term Debt to Equity for the company is recorded at 8.84, with the Long-Term Debt to Total Capital now at 7.91.

Reflecting on the efficiency of the workforce at the company, Sonos Inc. [SONO] managed to generate an average of -$3,296 per employee. Receivables Turnover for the company is 14.33 with a Total Asset Turnover recorded at a value of 1.87.Sonos Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.90.

Earnings analysis for Sonos Inc. [SONO]

With the latest financial reports released by the company, Sonos Inc. posted -0.28/share EPS, while the average EPS was predicted by analysts to be reported at -0.22/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -27.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SONO.

Insider trade positions for Sonos Inc. [SONO]

There are presently around $1,101 million, or 67.60% of SONO stock, in the hands of institutional investors. The top three institutional holders of SONO stocks are: VANGUARD GROUP INC with ownership of 7,356,581, which is approximately 22.491% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 5,261,337 shares of the stock with an approximate value of $78.63 million in SONO stocks shares; and INDEX VENTURE GROWTH ASSOCIATES I LTD, currently with $56.62 million in SONO stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Sonos Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 142 institutional holders increased their position in Sonos Inc. [NASDAQ:SONO] by around 21,080,249 shares. Additionally, 91 investors decreased positions by around 24,305,793 shares, while 25 investors held positions by with 28,289,487 shares. The mentioned changes placed institutional holdings at 73,675,529 shares, according to the latest SEC report filing. SONO stock had 66 new institutional investments in for a total of 12,256,180 shares, while 42 institutional investors sold positions of 18,024,552 shares during the same period.

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