Sonos Inc. (SONO): Skating on Thin Ice? We Know the Answer

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Sonos Inc. (NASDAQ:SONO) went up by 5.47% from its latest closing price compared to the recent 1-year high of $17.83. The company’s stock price has collected 12.43% of gains in the last five trading sessions. Press Release reported 14 hours ago that AAMP Global Appoints Matthew Siegel to its Board of Directors

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Is It Worth Investing in Sonos Inc. (NASDAQ :SONO) Right Now?

Opinions of the stock are interesting as 3 analysts out of 8 who provided ratings for Sonos Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $16.36, which is $0.35 above the current price. SONO currently public float of 103.99M and currently shorts hold a 6.32% ratio of that float. Today, the average trading volume of SONO was 4.34M shares.

SONO’s Market Performance

SONO stocks went up by 12.43% for the week, with a monthly jump of 15.18% and a quarterly performance of 5.82%, while its annual performance rate touched 23.92%. The volatility ratio for the week stands at 3.96% while the volatility levels for the past 30 days are set at 4.65% for Sonos Inc.. The simple moving average for the period of the last 20 days is 14.55% for SONO stocks with a simple moving average of 25.97% for the last 200 days.

Analysts’ Opinion of SONO

Goldman, on the other hand, stated in their research note that they expect to see SONO reach a price target of $7.50, previously predicting the price at $20. The rating they have provided for SONO stocks is “Sell” according to the report published on April 17th, 2020.

BofA/Merrill gave a rating of “Neutral” to SONO, setting the target price at $15 in the report published on February 25th of the current year.

SONO Trading at 9.99% from the 50-Day Moving Average

After a stumble in the market that brought SONO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.21% of loss for the given period.

Volatility was left at 4.65%, however, over the last 30 days, the volatility rate increased by 3.96%, as shares surge +12.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.15% lower at present.

During the last 5 trading sessions, SONO rose by +12.43%, which changed the moving average for the period of 200-days by +10.34% in comparison to the 20-day moving average, which settled at $14.07. In addition, Sonos Inc. saw 2.50% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SONO starting from Spence Patrick, who sale 18,726 shares at the price of $15.03 back on Sep 23. After this action, Spence Patrick now owns 108,471 shares of Sonos Inc., valued at $281,412 using the latest closing price.

Spence Patrick, the Chief Executive Officer of Sonos Inc., sale 8,297 shares at $15.01 during a trade that took place back on Sep 22, which means that Spence Patrick is holding 108,471 shares at $124,557 based on the most recent closing price.

Stock Fundamentals for SONO

Current profitability levels for the company are sitting at:

  • +0.45 for the present operating margin
  • +41.83 for the gross margin

The net margin for Sonos Inc. stands at -0.38. The total capital return value is set at 2.03, while invested capital returns managed to touch -1.74. Equity return is now at value -22.50, with -9.30 for asset returns.

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Based on Sonos Inc. (SONO), the company’s capital structure generated 11.81 points at debt to equity in total, while total debt to capital is 10.56. Total debt to assets is 4.36, with long-term debt to equity ratio resting at 8.84. Finally, the long-term debt to capital ratio is 7.91.

Currently, EBITDA for the company is -48.05M with total debt to EBITDA at 0.79. When we switch over and look at the enterprise to sales, we see a ratio of 0.87, with the company’s debt to enterprise value settled at 0.03. The receivables turnover for the company is 14.33 and the total asset turnover is 1.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.69.

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