Sonos Inc. [SONO] Revenue clocked in at $1.33 billion, up 55.79% YTD: What’s Next?

Sonos Inc. [NASDAQ: SONO] gained 15.68% or 4.94 points to close at $36.44 with a heavy trading volume of 11040307 shares. The company report on February 11, 2021 that Sonos Reports Record First Quarter Fiscal 2021 Results.

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Achieves Record Number of New Customers and Record Number of Existing Customers Adding Additional Products.

Raises Fiscal 2021 Outlook.

It opened the trading session at $37.00, the shares rose to $37.99 and dropped to $34.53, the range by which the price of stock traded the whole day. The daily chart for SONO points out that the company has recorded 159.91% gains over the past six months. However, it is still -453.8% lower than its most recent low trading price.

If we look at the average trading volume of 4.16M shares, SONO reached to a volume of 11040307 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $25.79 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 2.50. 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 1.66, with the Price to Sales ratio for SONO stock in the period of the last 12 months amounting to 3.05. The Price to Book ratio for the last quarter was 13.60, with the Price to Cash per share for the same quarter was set at 3.67. Price to Free Cash Flow for SONO in the course of the last twelve months was 31.36 with Quick ratio for the last quarter at 1.20.

Trading performance analysis for SONO stock

Sonos Inc. [SONO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.48. With this latest performance, SONO shares gained by 38.08% in over the last four-week period, additionally plugging by 159.91% over the last 6 months – not to mention a rise of 162.63% 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 81.71, with the RSI for the last a single of trading hit 85.19, and the three-weeks RSI is set at 78.95 for Sonos Inc. [SONO]. The present Moving Average for the last 50 days of trading for this stock 25.59, while it was recorded at 32.51 for the last single week of trading, and 17.06 for the last 200 days.

Sonos Inc. [SONO]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Sonos Inc. [SONO] shares currently have an operating margin of +1.10 and a Gross Margin at +43.12. Sonos Inc.’s Net Margin is presently recorded at -1.52.

Return on Total Capital for SONO is now 4.17, given the latest momentum, and Return on Invested Capital for the company is -5.98. Return on Equity for this stock declined to -6.95, with Return on Assets sitting at -2.55. When it comes to the capital structure of this company, Sonos Inc. [SONO] has a Total Debt to Total Equity ratio set at 28.94. Additionally, SONO Total Debt to Total Capital is recorded at 22.44, with Total Debt to Total Assets ending up at 10.56. Long-Term Debt to Equity for the company is recorded at 23.04, with the Long-Term Debt to Total Capital now at 17.87.

Reflecting on the efficiency of the workforce at the company, Sonos Inc. [SONO] managed to generate an average of -$14,096 per employee. Receivables Turnover for the company is 16.82 with a Total Asset Turnover recorded at a value of 1.68.Sonos Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.70.

Sonos Inc. [SONO]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Sonos Inc. posted -0.48/share EPS, while the average EPS was predicted by analysts to be reported at -0.29/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -65.50%. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sonos Inc. go to 26.60%.

An analysis of insider ownership at Sonos Inc. [SONO]

There are presently around $2,916 million, or 66.80% of SONO stock, in the hands of institutional investors. The top three institutional holders of SONO stocks are: VANGUARD GROUP INC with ownership of 8,560,311, which is approximately 16.363% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 5,761,061 shares of the stock with an approximate value of $209.93 million in SONO stocks shares; and INDEX VENTURE GROWTH ASSOCIATES I LTD, currently with $138.04 million in SONO stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in Sonos Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 139 institutional holders increased their position in Sonos Inc. [NASDAQ:SONO] by around 22,181,077 shares. Additionally, 116 investors decreased positions by around 14,792,084 shares, while 32 investors held positions by with 43,062,097 shares. The mentioned changes placed institutional holdings at 80,035,258 shares, according to the latest SEC report filing. SONO stock had 70 new institutional investments in for a total of 7,498,666 shares, while 41 institutional investors sold positions of 5,644,527 shares during the same period.

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