Sleep Number Corp [NASDAQ: SNBR] loss -41.89% on the last trading session, reaching $7.49 price per share at the time.
If compared to the average trading volume of 305.75K shares, SNBR reached a trading volume of 4545664 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 Sleep Number Corp [SNBR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SNBR shares is $11.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SNBR stock is a recommendation set at 3.00. 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.
Piper Sandler have made an estimate for Sleep Number Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 21, 2022. While these analysts kept the previous recommendation, Wedbush dropped their target price from $80 to $54. The new note on the price target was released on March 28, 2022, representing the official price target for Sleep Number Corp stock. Previously, the target price had yet another raise from $85 to $88, while Wedbush kept a Outperform rating on SNBR stock. On February 18, 2021, analysts increased their price target for SNBR shares from 65 to 135.
The Average True Range (ATR) for Sleep Number Corp is set at 1.46, with the Price to Sales ratio for SNBR stock in the period of the last 12 months amounting to 0.10. Price to Free Cash Flow for SNBR in the course of the last twelve months was 46.03 with Quick ratio for the last quarter at 0.09.
Trading performance analysis for SNBR stock
Sleep Number Corp [SNBR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -48.42. With this latest performance, SNBR shares dropped by -57.03% in over the last four-week period, additionally sinking by -47.48% over the last 6 months – not to mention a drop of -52.14% 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 SNBR stock in for the last two-week period is set at 18.78, with the RSI for the last a single of trading hit 12.45, and the three-weeks RSI is set at 24.32 for Sleep Number Corp [SNBR]. The present Moving Average for the last 50 days of trading for this stock 15.95, while it was recorded at 11.95 for the last single week of trading, and 14.51 for the last 200 days.
Sleep Number Corp [SNBR]: A deeper dive into fundamental analysis
Sleep Number Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.09 and a Current Ratio set at 0.20.
An analysis of Institutional ownership at Sleep Number Corp [SNBR]
The top three institutional holders of SNBR stocks are: STADIUM CAPITAL MANAGEMENT LLC with ownership of 1.85 million shares, which is approximately 8.164%. BLACKROCK INC., holding 1.62 million shares of the stock with an approximate value of $$15.52 million in SNBR stocks shares; and BLACKROCK INC., currently with $$11.69 million in SNBR stock with ownership which is approximately 5.4291%.
