Sonos Inc (SONO) Stock: A Closer Look at the Analyst Ratings

Additionally, the 36-month beta value for SONO is 1.99. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”

The public float for SONO is 121.54M and currently, short sellers hold a 4.70% ratio of that float. The average trading volume of SONO on April 04, 2024 was 2.17M shares.

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SONO) stock’s latest price update

Sonos Inc (NASDAQ: SONO)’s stock price has increased by 1.44 compared to its previous closing price of 18.75. However, the company has seen a 1.01% increase in its stock price over the last five trading sessions. The Motley Fool reported 2024-03-05 that In its most recent quarter, Sonos had better sales than analysts had predicted and it’s solidly profitable. A report warns that the company could miss its intended launch date for a new product with high potential, but this didn’t throw cold water on the rally.

SONO’s Market Performance

Sonos Inc (SONO) has experienced a 1.01% rise in stock performance for the past week, with a -0.58% drop in the past month, and a 14.03% rise in the past quarter. The volatility ratio for the week is 2.25%, and the volatility levels for the past 30 days are at 2.80% for SONO. The simple moving average for the past 20 days is 0.83% for SONO’s stock, with a 23.61% simple moving average for the past 200 days.

Analysts’ Opinion of SONO

Many brokerage firms have already submitted their reports for SONO stocks, with Morgan Stanley repeating the rating for SONO by listing it as a “Overweight.” The predicted price for SONO in the upcoming period, according to Morgan Stanley is $20 based on the research report published on December 12, 2023 of the previous year 2023.

BofA Securities, on the other hand, stated in their research note that they expect to see SONO reach a price target of $12, previously predicting the price at $20. The rating they have provided for SONO stocks is “Neutral” according to the report published on November 07th, 2023.

Rosenblatt gave a rating of “Buy” to SONO, setting the target price at $20 in the report published on September 20th of the previous year.

SONO Trading at 4.69% 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 -13.47% of loss for the given period.

Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 2.25%, as shares surge +1.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.62% upper at present.

During the last 5 trading sessions, SONO rose by +1.01%, which changed the moving average for the period of 200-days by +17.84% in comparison to the 20-day moving average, which settled at $18.88. In addition, Sonos Inc saw 10.97% 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 Coles Joanna, who sale 905 shares at the price of $19.35 back on Mar 04 ’24. After this action, Coles Joanna now owns 13,913 shares of Sonos Inc, valued at $17,512 using the latest closing price.

Conrad Thomas, the Director of Sonos Inc, sale 5,337 shares at $18.31 during a trade that took place back on Feb 07 ’24, which means that Conrad Thomas is holding 37,334 shares at $97,720 based on the most recent closing price.

Stock Fundamentals for SONO

Current profitability levels for the company are sitting at:

  • -0.02 for the present operating margin
  • 0.45 for the gross margin

The net margin for Sonos Inc stands at -0.0. The total capital return value is set at -0.04. Equity return is now at value -0.74, with -0.39 for asset returns.

Based on Sonos Inc (SONO), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 3.1. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is -71.08.

Currently, EBITDA for the company is -20.55 million with net debt to EBITDA at -15.34. When we switch over and look at the enterprise to sales, we see a ratio of 1.22. The receivables turnover for the company is 19.74for trailing twelve months and the total asset turnover is 1.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.02.

Conclusion

In conclusion, Sonos Inc (SONO) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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