In the past week, SNBR stock has gone down by -17.59%, with a monthly gain of 41.72% and a quarterly plunge of -3.92%. The volatility ratio for the week is 9.61%, and the volatility levels for the last 30 days are 8.55% for Sleep Number Corp The simple moving average for the past 20 days is -2.72% for SNBR’s stock, with a 18.21% simple moving average for the past 200 days.
Is It Worth Investing in Sleep Number Corp (NASDAQ: SNBR) Right Now?
Additionally, the 36-month beta value for SNBR is 2.03. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SNBR is 20.98M and currently, short sellers hold a 18.07% ratio of that float. The average trading volume of SNBR on December 20, 2024 was 415.39K shares.
SNBR) stock’s latest price update
The stock price of Sleep Number Corp (NASDAQ: SNBR) has dropped by -6.66 compared to previous close of 17.87. Despite this, the company has seen a fall of -17.59% in its stock price over the last five trading days. businesswire.com reported 2024-12-12 that NEW CANAAN, Conn.–(BUSINESS WIRE)–Stadium Capital Management, LLC (together with certain of its affiliates, “Stadium Capital” or “we”) is the largest shareholder of Sleep Number Corporation (NASDAQ: SNBR) (“Sleep Number” or the “Company”), owning approximately 11.7% of the Company’s outstanding shares. Today, Stadium Capital issued the below letter to the Company’s Board of Directors (the “Board”). *** December 12, 2024 Members of the Board: The legendary investor Benjamin Graham famously sai.
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 9.01% 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 -19.61% of loss for the given period.
Volatility was left at 8.55%, however, over the last 30 days, the volatility rate increased by 9.61%, as shares surge +42.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.92% upper at present.
During the last 5 trading sessions, SNBR fell by -17.59%, which changed the moving average for the period of 200-days by +0.72% in comparison to the 20-day moving average, which settled at $17.15. In addition, Sleep Number Corp saw 12.47% 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 STADIUM CAPITAL MANAGEMENT LLC, who purchase 16,600 shares at the price of $13.73 back on Nov 14 ’24. After this action, STADIUM CAPITAL MANAGEMENT LLC now owns 2,188,460 shares of Sleep Number Corp, valued at $227,911 using the latest closing price.
STADIUM CAPITAL MANAGEMENT LLC, the 10% Owner of Sleep Number Corp, purchase 15,000 shares at $12.12 during a trade that took place back on Nov 18 ’24, which means that STADIUM CAPITAL MANAGEMENT LLC is holding 2,215,000 shares at $181,851 based on the most recent closing price.
Stock Fundamentals for SNBR
Current profitability levels for the company are sitting at:
- 0.02 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 -0.97.
Based on Sleep Number Corp (SNBR), the company’s capital structure generated 7.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at -1.15. The interest coverage ratio of the stock is 0.58.
Currently, EBITDA for the company is 96.98 million with net debt to EBITDA at 11.32. When we switch over and look at the enterprise to sales, we see a ratio of 0.74. The receivables turnover for the company is 101.9for trailing twelve months and the total asset turnover is 2.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.19.
Conclusion
In conclusion, Sleep Number Corp (SNBR) 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’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.
