In the past week, SNBR stock has gone up by 2.42%, with a monthly decline of -45.12% and a quarterly plunge of -53.59%. The volatility ratio for the week is 10.87%, and the volatility levels for the last 30 days are 9.39% for Sleep Number Corp The simple moving average for the last 20 days is -28.00% for SNBR stock, with a simple moving average of -54.97% for the last 200 days.
Is It Worth Investing in Sleep Number Corp (NASDAQ: SNBR) Right Now?
Sleep Number Corp (NASDAQ: SNBR) has a higher price-to-earnings ratio of 60.03x compared to its average ratio. compared to its average ratio and a 36-month beta value of 1.88. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Sleep Number Corp (SNBR) is $12.00, which is $0.35 above the current market price. The public float for SNBR is 21.06M, and currently, short sellers hold a 12.08% ratio of that float. The average trading volume of SNBR on November 16, 2023 was 640.18K shares.
SNBR) stock’s latest price update
The stock of Sleep Number Corp (NASDAQ: SNBR) has increased by 2.78 when compared to last closing price of 11.33. Despite this, the company has experienced a 2.42% gain in its stock price over the last five trading sessions. Barrons reported 2023-11-08 that Chief Executive Shelly Ibach says the bedding industry has been operating at recessionary levels for two years.
Analysts’ Opinion of SNBR
Many brokerage firms have already submitted their reports for SNBR stocks, with Piper Sandler repeating the rating for SNBR by listing it as a “Neutral.” The predicted price for SNBR in the upcoming period, according to Piper Sandler is $49 based on the research report published on April 21, 2022 of the previous year 2022.
SNBR Trading at -42.65% from the 50-Day Moving Average
After a stumble in the market that brought SNBR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -72.01% of loss for the given period.
Volatility was left at 9.39%, however, over the last 30 days, the volatility rate increased by 10.87%, as shares sank -44.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -53.51% lower at present.
During the last 5 trading sessions, SNBR rose by +2.46%, which changed the moving average for the period of 200-days by -66.11% in comparison to the 20-day moving average, which settled at $15.70. In addition, Sleep Number Corp saw -55.18% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SNBR starting from Hellfeld Samuel R, who sale 1,051 shares at the price of $39.10 back on Feb 28. After this action, Hellfeld Samuel R now owns 15,061 shares of Sleep Number Corp, valued at $41,099 using the latest closing price.
LAUDERBACK BRENDA J, the Director of Sleep Number Corp, sale 6,107 shares at $37.01 during a trade that took place back on Feb 24, which means that LAUDERBACK BRENDA J is holding 34,966 shares at $226,005 based on the most recent closing price.
Stock Fundamentals for SNBR
Current profitability levels for the company are sitting at:
- +3.21 for the present operating margin
- +56.87 for the gross margin
The net margin for Sleep Number Corp stands at +1.73.
When we switch over and look at the enterprise to sales, we see a ratio of 0.59, with the company’s debt to enterprise value settled at 0.60. The receivables turnover for the company is 39.19 and the total asset turnover is 1.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.21.
Conclusion
To put it simply, Sleep Number Corp (SNBR) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
