Sonos Inc. [SONO] moved down -0.60: Why It’s Important

Sonos Inc. [NASDAQ: SONO] closed the trading session at $14.95 on 09/01/22. The day’s price range saw the stock hit a low of $14.62, while the highest price level was $15.04. The company report on August 10, 2022 that Axon Names Brittany Bagley as New Chief Financial Officer and Chief Business Officer.

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Axon (NASDAQ: AXON), the global leader in connected public safety technologies, today announced that it has named Brittany Bagley as its new Chief Financial Officer and the newly created position of Chief Business Officer, effective September 26, 2022. Ms. Bagley replaces Jim Zito, who has been serving as interim Chief Financial Officer since May 4, 2022. Zito will resume his prior role as Senior Vice President of Accounting.

“Brittany’s broad experience as a public company CFO, Board member and investor position her well to lead Axon’s finance organization through our next phase of growth,” says Axon founder and CEO Rick Smith. “We believe Brittany will be a valuable thought partner as we continue to execute against our mission and deliver for our customers and shareholders.”.

The stocks have a year to date performance of -49.83 percent and weekly performance of -4.90 percent. The stock has been moved at -44.55 percent over the last six months. The stock has performed -33.76 percent around the most recent 30 days and changed -35.11 percent over the most recent 3-months.

If compared to the average trading volume of 2.80M shares, SONO reached to a volume of 2789766 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $23.14 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 2.20. 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.

Morgan Stanley have made an estimate for Sonos Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on June 15, 2022. While these analysts kept the previous recommendation, Jefferies raised their target price from $43 to $50. The new note on the price target was released on August 16, 2021, representing the official price target for Sonos Inc. stock. Previously, the target price had yet another raise from $17 to $37, while Goldman kept a Neutral rating on SONO stock.

The Average True Range (ATR) for Sonos Inc. is set at 0.81, with the Price to Sales ratio for SONO stock in the period of the last 12 months amounting to 1.09. The Price to Book ratio for the last quarter was 2.97, with the Price to Cash per share for the same quarter was set at 3.37. Price to Free Cash Flow for SONO in the course of the last twelve months was 42.10 with Quick ratio for the last quarter at 1.20.

SONO stock trade performance evaluation

Sonos Inc. [SONO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.90. With this latest performance, SONO shares dropped by -33.76% in over the last four-week period, additionally sinking by -44.55% over the last 6 months – not to mention a drop of -63.10% 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 27.60, with the RSI for the last a single of trading hit 21.14, and the three-weeks RSI is set at 32.30 for Sonos Inc. [SONO]. The present Moving Average for the last 50 days of trading for this stock 19.08, while it was recorded at 15.16 for the last single week of trading, and 24.31 for the last 200 days.

Sonos Inc. [SONO]: An insightful look at the core 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 1.20 and a Current Ratio set at 1.80.

Earnings per share (EPS) analysis for Sonos Inc. [SONO] stock

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%.

Sonos Inc. [SONO]: Insider Ownership positions

There are presently around $1,751 million, or 95.10% of SONO stock, in the hands of institutional investors. The top three institutional holders of SONO stocks are: BLACKROCK INC. with ownership of 21,238,690, which is approximately -5.033% of the company’s market cap and around 1.40% of the total institutional ownership; VANGUARD GROUP INC, holding 13,721,872 shares of the stock with an approximate value of $205.14 million in SONO stocks shares; and COLISEUM CAPITAL MANAGEMENT, LLC, currently with $81.22 million in SONO stock with ownership of nearly 36.506% 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 167 institutional holders increased their position in Sonos Inc. [NASDAQ:SONO] by around 12,276,903 shares. Additionally, 174 investors decreased positions by around 16,488,341 shares, while 67 investors held positions by with 88,344,100 shares. The mentioned changes placed institutional holdings at 117,109,344 shares, according to the latest SEC report filing. SONO stock had 58 new institutional investments in for a total of 4,147,041 shares, while 62 institutional investors sold positions of 8,126,923 shares during the same period.


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