Sonos Inc. [SONO] moved down -8.61: Why It’s Important

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Sonos Inc. [NASDAQ: SONO] slipped around -1.79 points on Wednesday, while shares priced at $19.01 at the close of the session, down -8.61%. The company report on May 11, 2022 that Explore SOLARSYSTYM with Lorde and Sonos Radio.

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Award-winning artist debuts exclusive curated station on Sonos Radio.

Sonos (Nasdaq: SONO) today launched a new collaboration with award-winning artist Lorde, inviting listeners to explore the magical world that moves, shapes and inspires her, both at home and outdoors. Fans can tune-in to hear the songs and stories that influenced the star on her Sonos Radio station, SOLARSYSTYM, or go on a celestial adventure with her limited edition Roam carry bag, which will be available for giveaway on @sonosradio. With artist-created stations that feed music discovery, Sonos Radio embraces the joy of out loud listening with original content that helps you feel more connected to the music and musicians you love.

Sonos Inc. stock is now -36.21% down from its year-to-date (YTD) trading value. SONO Stock saw the intraday high of $20.887 and lowest of $18.92 per share. The company’s 52-week high price is 42.57, which means current price is +0.48% above from all time high which was touched on 03/29/22.

Compared to the average trading volume of 3.04M shares, SONO reached a trading volume of 5191301 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 $40.43 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 2.10. 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.

Jefferies have made an estimate for Sonos Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 16, 2021. While these analysts kept the previous recommendation, Goldman raised their target price from $17 to $37. The new note on the price target was released on February 12, 2021, representing the official price target for Sonos Inc. stock. Previously, the target price had yet another raise to $18, while BofA Securities analysts kept a Buy rating on SONO stock.

The Average True Range (ATR) for Sonos Inc. is set at 1.32, with the Price to Sales ratio for SONO stock in the period of the last 12 months amounting to 1.45. The Price to Book ratio for the last quarter was 3.57, with the Price to Cash per share for the same quarter was set at 5.69. Price to Free Cash Flow for SONO in the course of the last twelve months was 14.17 with Quick ratio for the last quarter at 1.60.

How has SONO stock performed recently?

Sonos Inc. [SONO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -21.83. With this latest performance, SONO shares dropped by -29.93% in over the last four-week period, additionally sinking by -45.51% over the last 6 months – not to mention a drop of -39.63% 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 29.33, with the RSI for the last a single of trading hit 25.41, and the three-weeks RSI is set at 32.89 for Sonos Inc. [SONO]. The present Moving Average for the last 50 days of trading for this stock 25.33, while it was recorded at 20.92 for the last single week of trading, and 30.32 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 +10.64 and a Gross Margin at +47.18. Sonos Inc.’s Net Margin is presently recorded at +9.24.

Return on Total Capital for SONO is now 36.60, given the latest momentum, and Return on Invested Capital for the company is 32.72. Return on Equity for this stock inclined to 36.59, with Return on Assets sitting at 16.23. When it comes to the capital structure of this company, Sonos Inc. [SONO] has a Total Debt to Total Equity ratio set at 5.97. Additionally, SONO Total Debt to Total Capital is recorded at 5.63, with Total Debt to Total Assets ending up at 3.92. Long-Term Debt to Equity for the company is recorded at 5.97, with the Long-Term Debt to Total Capital now at 5.63.

Receivables Turnover for the company is 22.05 with a Total Asset Turnover recorded at a value of 1.76.Sonos Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.90.

Earnings analysis for Sonos Inc. [SONO]

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 10.40%.

Insider trade positions for Sonos Inc. [SONO]

There are presently around $2,294 million, or 87.20% of SONO stock, in the hands of institutional investors. The top three institutional holders of SONO stocks are: BLACKROCK INC. with ownership of 12,604,939, which is approximately 20.784% of the company’s market cap and around 1.20% of the total institutional ownership; VANGUARD GROUP INC, holding 11,670,628 shares of the stock with an approximate value of $242.75 million in SONO stocks shares; and AMERICAN CENTURY COMPANIES INC, currently with $97.03 million in SONO stock with ownership of nearly 42.947% of the company’s market capitalization.

Positions in Sonos Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 204 institutional holders increased their position in Sonos Inc. [NASDAQ:SONO] by around 23,907,109 shares. Additionally, 186 investors decreased positions by around 15,677,477 shares, while 58 investors held positions by with 70,681,709 shares. The mentioned changes placed institutional holdings at 110,266,295 shares, according to the latest SEC report filing. SONO stock had 74 new institutional investments in for a total of 7,116,365 shares, while 78 institutional investors sold positions of 4,754,737 shares during the same period.