Sonos Inc [NASDAQ: SONO] stock went on an upward path that rose over 0.14% on Wednesday, amounting to a one-week price increase of more than 3.30%.
Over the last 12 months, SONO stock rose by 32.70%. The one-year Sonos Inc stock forecast points to a potential downside of -0.57. The average equity rating for SONO stock is currently 2.25, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.70 billion, with 125.11 million shares outstanding and 118.70 million shares in the current float. Compared to the average trading volume of 1.91M shares, SONO stock reached a trading volume of 4249054 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $14.00 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 2.25. 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 September 26, 2024. 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 1.09. The Price to Book ratio for the last quarter was 3.81, 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 8.51 with Quick ratio for the last quarter at 1.23.
SONO Stock Performance Analysis:
Sonos Inc [SONO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.30. With this latest performance, SONO shares gained by 17.14% in over the last four-week period, additionally sinking by -18.33% over the last 6 months – not to mention a rise of 32.70% 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 64.75, with the RSI for the last a single of trading hit 66.84, and the three-weeks RSI is set at 61.99 for Sonos Inc [SONO]. The present Moving Average for the last 50 days of trading for this stock 12.50, while it was recorded at 13.97 for the last single week of trading, and 15.11 for the last 200 days.
Insight into Sonos Inc Fundamentals:
Sonos Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.23 and a Current Ratio set at 1.65.
SONO Stock EPS
With the latest financial reports released by the company, Sonos Inc posted -0.25/share EPS, while the average EPS was predicted by analysts to be reported at -0.18/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.07. 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%.
Sonos Inc [SONO] Institutonal Ownership Details
There are presently around $87.25%, or 89.02%% 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%.
