The 36-month beta value for SNBR is at 2.05. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 as “hold,” and 2 as “sell.”
The public float for SNBR is 20.81M, and currently, shorts hold a 16.21% of that float. The average trading volume for SNBR on September 16, 2024 was 529.52K shares.
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SNBR) stock’s latest price update
The stock price of Sleep Number Corp (NASDAQ: SNBR) has jumped by 23.37 compared to previous close of 15.15. Despite this, the company has seen a gain of 33.21% in its stock price over the last five trading days. schaeffersresearch.com reported 2024-08-02 that Snap Inc (NYSE:SNAP) is down a 23.9% to trade at $9.74 at last check, after the social media company’s outlook for the fiscal third quarter came in dramatically short of analysts’ expectations.
SNBR’s Market Performance
Sleep Number Corp (SNBR) has seen a 33.21% rise in stock performance for the week, with a 56.01% gain in the past month and a 37.53% surge in the past quarter. The volatility ratio for the week is 9.27%, and the volatility levels for the past 30 days are at 6.84% for SNBR. The simple moving average for the past 20 days is 32.05% for SNBR’s stock, with a 42.89% simple moving average for the past 200 days.
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.
Wedbush, on the other hand, stated in their research note that they expect to see SNBR reach a price target of $54, previously predicting the price at $80. The rating they have provided for SNBR stocks is “Neutral” according to the report published on March 28th, 2022.
Wedbush gave a rating of “Outperform” to SNBR, setting the target price at $88 in the report published on February 04th of the previous year.
SNBR Trading at 54.51% 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 -32.99% of loss for the given period.
Volatility was left at 6.84%, however, over the last 30 days, the volatility rate increased by 9.27%, as shares surge +53.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +100.54% upper at present.
During the last 5 trading sessions, SNBR rose by +33.21%, which changed the moving average for the period of 200-days by +92.78% in comparison to the 20-day moving average, which settled at $14.48. In addition, Sleep Number Corp saw 26.03% 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 SNBR starting from Macadam Stephen E., who purchase 43,000 shares at the price of $12.35 back on Aug 06 ’24. After this action, Macadam Stephen E. now owns 102,729 shares of Sleep Number Corp, valued at $531,196 using the latest closing price.
Stock Fundamentals for SNBR
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.59 for the gross margin
The net margin for Sleep Number Corp stands at -0.02. The total capital return value is set at -1.51.
Based on Sleep Number Corp (SNBR), the company’s capital structure generated 1.89 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at -2.12. The interest coverage ratio of the stock is 0.53.
Currently, EBITDA for the company is 111.07 million with net debt to EBITDA at 9.84. When we switch over and look at the enterprise to sales, we see a ratio of 0.77. The receivables turnover for the company is 35.59for trailing twelve months and the total asset turnover is 2.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.20.
Conclusion
In conclusion, Sleep Number Corp (SNBR) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
