Sonos Inc [NASDAQ: SONO] loss -4.45% on the last trading session, reaching $12.03 price per share at the time.
If compared to the average trading volume of 2.21M shares, SONO reached a trading volume of 3028462 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $14.75 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 2.38. 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 Underweight, with their previous recommendation back on Sep-27-24. While these analysts kept the previous recommendation, Craig Hallum dropped their target price from $25 to $10. The new note on the price target was released on August 08, 2024, representing the official price target for Sonos Inc stock. Previously, the target price had yet another raise from $17 to $20, while Morgan Stanley kept a Overweight rating on SONO stock. On November 07, 2023, analysts decreased their price target for SONO shares from 20 to 12.
The Average True Range (ATR) for Sonos Inc is set at 0.49, with the Price to Sales ratio for SONO stock in the period of the last 12 months amounting to 0.93. The Price to Book ratio for the last quarter was 3.25, with the Price to Cash per share for the same quarter was set at 2.29. Price to Free Cash Flow for SONO in the course of the last twelve months was 7.27 with Quick ratio for the last quarter at 1.23.
Trading performance analysis for SONO stock
Sonos Inc [SONO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.99. With this latest performance, SONO shares dropped by -1.39% in over the last four-week period, additionally sinking by -37.41% over the last 6 months – not to mention a drop of -4.52% 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 47.84, with the RSI for the last a single of trading hit 46.43, and the three-weeks RSI is set at 46.96 for Sonos Inc [SONO]. The present Moving Average for the last 50 days of trading for this stock 12.29, while it was recorded at 12.54 for the last single week of trading, and 15.77 for the last 200 days.
Sonos Inc [SONO]: A deeper dive into fundamental analysis
Sonos Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.23 and a Current Ratio set at 1.65.
Sonos Inc [SONO]: An earnings per share (EPS) analysis
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 3.90%.
An analysis of Institutional ownership at Sonos Inc [SONO]
There are presently around $93.72%, or 95.63%% of SONO stock, in the hands of institutional investors. The top three institutional holders of SONO stocks are: BLACKROCK INC. with ownership of 19.52 million shares, which is approximately 15.7738%. VANGUARD GROUP INC, holding 14.18 million shares of the stock with an approximate value of $$209.33 million in SONO stocks shares; and VANGUARD GROUP INC, currently with $$77.91 million in SONO stock with ownership which is approximately 4.2654%.
