The stock price of Sonos Inc (NASDAQ: SONO) has dropped by -1.95 compared to previous close of 14.34. Despite this, the company has seen a gain of 2.11% in its stock price over the last five trading days. zacks.com reported 2024-11-12 that SONO’s fiscal fourth-quarter performance is likely to have been affected by the delay in the launch of the new product due to issues with its app redesign fiasco.
Is It Worth Investing in Sonos Inc (NASDAQ: SONO) Right Now?
Additionally, the 36-month beta value for SONO is 2.05. 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.”
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The public float for SONO is 118.70M and currently, short sellers hold a 8.12% ratio of that float. The average trading volume of SONO on November 13, 2024 was 1.94M shares.
SONO’s Market Performance
SONO’s stock has seen a 2.11% increase for the week, with a 15.25% rise in the past month and a 25.42% gain in the past quarter. The volatility ratio for the week is 4.00%, and the volatility levels for the past 30 days are at 3.51% for Sonos Inc. The simple moving average for the past 20 days is 6.82% for SONO’s stock, with a -7.03% 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 “Underweight.” The predicted price for SONO in the upcoming period, according to Morgan Stanley is $11 based on the research report published on September 26, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see SONO reach a price target of $10, previously predicting the price at $25. The rating they have provided for SONO stocks is “Hold” according to the report published on August 08th, 2024.
Morgan Stanley gave a rating of “Overweight” to SONO, setting the target price at $20 in the report published on December 12th of the previous year.
SONO Trading at 12.85% 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 -28.85% of loss for the given period.
Volatility was left at 3.51%, however, over the last 30 days, the volatility rate increased by 4.00%, as shares surge +16.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.15% upper at present.
During the last 5 trading sessions, SONO rose by +2.11%, which changed the moving average for the period of 200-days by -15.10% in comparison to the 20-day moving average, which settled at $13.16. In addition, Sonos Inc saw -17.97% 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 SONO starting from Bouvat-Merlin Maxime, who sale 37,256 shares at the price of $11.53 back on Aug 19 ’24. After this action, Bouvat-Merlin Maxime now owns 0 shares of Sonos Inc, valued at $429,375 using the latest closing price.
Braman Shamayne, the Chief People Officer of Sonos Inc, sale 6,438 shares at $11.56 during a trade that took place back on Aug 16 ’24, which means that Braman Shamayne is holding 26,588 shares at $74,423 based on the most recent closing price.
Stock Fundamentals for SONO
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.46 for the gross margin
The net margin for Sonos Inc stands at -0.01. The total capital return value is set at -0.01. Equity return is now at value -3.09, with -1.61 for asset returns.
Currently, EBITDA for the company is 54.1 million with net debt to EBITDA at -3.76. When we switch over and look at the enterprise to sales, we see a ratio of 0.98. The receivables turnover for the company is 11.92for trailing twelve months and the total asset turnover is 1.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.65.
Conclusion
In conclusion, Sonos Inc (SONO) has seen better 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’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.
