The Sonos Inc. (NASDAQ:SONO) is going down by -1.36% in today’s trading session, a fall equivalent to -0.2% of the stock’s price from yesterday’s market close. A news came out on 11/13/19 stating that Cisco Stock Gets a Thumbs-Up Ahead of Earnings Report by BARRONS. The lowest point that the shares touched during the trading session was $14.35, while the peak of the day was recorded at a share price of $14.86. SONO finished the previous session at $14.70 according to the data provided by Barchart, while the trading volume was observed to be $774808.
In the 100 days of trading, SONO managed to top a 12.92% Moving average. Additionally, Sonos Inc. shares have achieved a 52-week range between 9.23 and 15.54 alongside 100 days raw stochastic set at 84.80%.
The number of shares outstanding, according to the fundamentals of the company, is set at 108.89M, equal to the value of $1.60B in market capitalization. In the last 30 days, Sonos Inc. shares went down by -4.47%, adding 15.21 to growth in value, on top of a +16.24% boost since 10/18/19.
Sonos Inc. (NASDAQ:SONO) Analyst’s Estimates
Sonos Inc. (SONO) could record at least -$0.22 per share in quarterly earnings in the upcoming report on 11/20/2019, a number that would actually represent an increase of 0.19 YOY.
On November 13, 2019, the stock earned a Initiated rating due to a new analyst call from RBC Capital Mkts, while analysts from Raymond James believe that the stock is set at Strong Buy from Outperform, as concluded on August 19, 2019. DA Davidson, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on April 02, 2019.
RBC Capital Mkts, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on August 27, 2018, giving the stock a Outperform rating.
SONO Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +43.03% has been attained, while the operating margin has been recorded at -0.78%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -3.16%. Additionally, Sonos Inc. is recording price volatility of 3.50% for the period of the last seven days and 4.07% in the last 30 days.
Sonos Inc. (NASDAQ:SONO) Technical Outlook
For the period of the last 50 days, Sonos Inc. had its Raw Stochastic average set at 70.00% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 74.91%. Stochastic %K for Sonos Inc., with the last 20 days included, was set at 76.63%, having Stochastic %D topping 79.87%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Sonos Inc. stocks with recording 49.69% in metrics.
Sonos Inc. Insider Watch:
Similarly, 57.47% of the company’s float is held by institutions – and there are 158 institutions in total holding shares of this company. The top three institutional holders of SONO stocks are: Kohlberg Kravis Roberts & Co. L.P. with ownership of $292.95 million, which is approximately 21845682 of the company’s shares; Index Venture Growth Associates I Ltd, holding 8084253 shares of the stock with an approximate value of $108.41 million; and Blackrock Inc., currently with more than 4556304 shares of the company valued at $61.1 million. Positions in Sonos Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 12 insider purchases amounting to 291787 shares. Similarly, there were 4 sale transactions amounting to 564810 shares, with the net shares purchased during the last six months reaching -273,023.