Sonos Inc. (NASDAQ:SONO) went down by -3.38% from its latest closing price compared to the recent 1-year high of $44.72. The company’s stock price has collected -4.49% of loss in the last five trading sessions. Press Release reported on 06/08/21 that Brian Eno Premieres Three Hundred Tracks on The Lighthouse, a New Station on Sonos Radio HD
Is It Worth Investing in Sonos Inc. (NASDAQ :SONO) Right Now?
Sonos Inc. (NASDAQ:SONO) scored a price-to-earnings ratio above its average ratio, recording 38.57 x from its present earnings ratio. Opinions of the stock are interesting as 3 analysts out of 7 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 0 as “sell.”
The average price from analysts is $42.67, which is $8.66 above the current price. SONO currently public float of 118.14M and currently shorts hold a 6.60% ratio of that float. Today, the average trading volume of SONO was 2.70M shares.
SONO’s Market Performance
SONO stocks went down by -4.49% for the week, with a monthly jump of 0.17% and a quarterly performance of -12.09%, while its annual performance rate touched 170.41%. The volatility ratio for the week stands at 3.09% while the volatility levels for the past 30 days are set at 4.39% for Sonos Inc.. The simple moving average for the period of the last 20 days is -0.73% for SONO stocks with a simple moving average of 28.16% for the last 200 days.
Analysts’ Opinion of SONO
Many brokerage firms have already submitted their reports for SONO stocks, with Goldman repeating the rating for SONO by listing it as a “Neutral.” The predicted price for SONO in the upcoming period, according to Goldman is $37 based on the research report published on February 12th of the current year 2021.
BofA Securities, on the other hand, stated in their research note that they expect to see SONO reach a price target of $18. The rating they have provided for SONO stocks is “Buy” according to the report published on October 15th, 2020.
SONO Trading at -8.89% 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 -21.94% of loss for the given period.
Volatility was left at 4.39%, however, over the last 30 days, the volatility rate increased by 3.09%, as shares surge +0.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.62% lower at present.
During the last 5 trading sessions, SONO fell by -4.49%, which changed the moving average for the period of 200-days by +153.34% in comparison to the 20-day moving average, which settled at $35.17. In addition, Sonos Inc. saw 49.25% 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 Fraser Anna, who sale 15,370 shares at the price of $35.06 back on May 21. After this action, Fraser Anna now owns 9,355 shares of Sonos Inc., valued at $538,938 using the latest closing price.
Fraser Anna, the Chief People Officer of Sonos Inc., sale 17,883 shares at $35.02 during a trade that took place back on May 18, which means that Fraser Anna is holding 24,725 shares at $626,250 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 26.90, with 12.40 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.