Sonos Inc. (NASDAQ:SONO) went up by 3.37% from its latest closing price compared to the recent 1-year high of $25.66. The company’s stock price has collected 10.10% of gains in the last five trading sessions. Barron’s reported on 12/16/20 that 8 Hardware Stocks to Buy for 2021, According to Morgan Stanley
Is It Worth Investing in Sonos Inc. (NASDAQ :SONO) Right Now?
Opinions of the stock are interesting as 4 analysts out of 8 who provided ratings for Sonos Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $24.07, which is -$2.75 below the current price. SONO currently public float of 111.48M and currently shorts hold a 6.20% ratio of that float. Today, the average trading volume of SONO was 4.34M shares.
SONO’s Market Performance
SONO stocks went up by 10.10% for the week, with a monthly jump of 23.55% and a quarterly performance of 86.11%, while its annual performance rate touched 77.00%. The volatility ratio for the week stands at 4.64% while the volatility levels for the past 30 days are set at 4.59% for Sonos Inc.. The simple moving average for the period of the last 20 days is 11.27% for SONO stocks with a simple moving average of 77.29% for the last 200 days.
Analysts’ Opinion of SONO
Many brokerage firms have already submitted their reports for SONO stocks, with BofA Securities repeating the rating for SONO by listing it as a “Buy.” The predicted price for SONO in the upcoming period, according to BofA Securities is $18 based on the research report published on October 15th of the previous year 2020.
Goldman gave a rating of “Sell” to SONO, setting the target price at $7.50 in the report published on April 17th of the previous year.
SONO Trading at 26.95% 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 able to rebound, for now settling with 2.84% of gains for the given period.
Volatility was left at 4.59%, however, over the last 30 days, the volatility rate increased by 4.64%, as shares surge +26.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +72.82% upper at present.
During the last 5 trading sessions, SONO rose by +10.10%, which changed the moving average for the period of 200-days by +206.15% in comparison to the 20-day moving average, which settled at $23.99. In addition, Sonos Inc. saw 12.83% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at SONO starting from Millington Nicholas, who sale 76,441 shares at the price of $25.27 back on Jan 11. After this action, Millington Nicholas now owns 110,982 shares of Sonos Inc., valued at $1,931,366 using the latest closing price.
Millington Nicholas, the Chief Innovation Officer of Sonos Inc., sale 4,354 shares at $25.03 during a trade that took place back on Jan 08, which means that Millington Nicholas is holding 110,982 shares at $108,983 based on the most recent closing price.
Stock Fundamentals for SONO
Current profitability levels for the company are sitting at:
- +1.10 for the present operating margin
- +43.12 for the gross margin
The net margin for Sonos Inc. stands at -1.52. The total capital return value is set at 4.17, while invested capital returns managed to touch -5.98. Equity return is now at value -6.60, with -2.70 for asset returns.
Based on Sonos Inc. (SONO), the company’s capital structure generated 28.94 points at debt to equity in total, while total debt to capital is 22.44. Total debt to assets is 10.56, with long-term debt to equity ratio resting at 23.04. Finally, the long-term debt to capital ratio is 17.87.
When we switch over and look at the enterprise to sales, we see a ratio of 1.04, with the company’s debt to enterprise value settled at 0.06. The receivables turnover for the company is 16.82 and the total asset turnover is 1.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.68.