On Monday, Sonos Inc (NASDAQ: SONO) was -4.44% drop from the session before settling in for the closing price of $11.94. A 52-week range for SONO has been $9.78 – $19.76.
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A company in the Technology sector has jumped its sales by 8.41% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at -96.88%. With a float of $118.70 million, this company’s outstanding shares have now reached $125.11 million.
In an organization with 1867 employees, it is important to assess its efficiency.
Sonos Inc (SONO) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Sonos Inc stocks. The insider ownership of Sonos Inc is 1.91%, while institutional ownership is 93.01%. The most recent insider transaction that took place on Jul 17 ’24, was worth 144,500. In this transaction Principal Accounting Officer of this company sold 10,000 shares at a rate of $14.45, taking the stock ownership to the 122,009 shares. Before that another transaction happened on Jul 11 ’24, when Company’s Director sold 905 for $15.00, making the entire transaction worth $13,575. This insider now owns 20,949 shares in total.
Sonos Inc (SONO) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.5 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -96.88% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.90% during the next five years compared to 19.48% growth over the previous five years of trading.
Sonos Inc (NASDAQ: SONO) Trading Performance Indicators
You can see what Sonos Inc (SONO) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.23. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.88. Likewise, its price to free cash flow for the trailing twelve months is 6.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.14, a number that is poised to hit -0.29 in the next quarter and is forecasted to reach -0.04 in one year’s time.
Technical Analysis of Sonos Inc (SONO)
Let’s dig in a bit further. During the last 5-days, its volume was 4.6 million. That was better than the volume of 1.89 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 41.06%. Additionally, its Average True Range was 0.66.
During the past 100 days, Sonos Inc’s (SONO) raw stochastic average was set at 12.40%, which indicates a significant decrease from 30.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.20% in the past 14 days, which was higher than the 34.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.29, while its 200-day Moving Average is $15.92. However, in the short run, Sonos Inc’s stock first resistance to watch stands at $11.84. Second resistance stands at $12.27. The third major resistance level sits at $12.61. If the price goes on to break the first support level at $11.06, it is likely to go to the next support level at $10.72. The third support level lies at $10.29 if the price breaches the second support level.
Sonos Inc (NASDAQ: SONO) Key Stats
There are 122,901K outstanding shares of the company, which has a market capitalization of 1.38 billion. As of now, sales total 1,655 M while income totals -10,270 K. Its latest quarter income was 252,660 K while its last quarter net income were -69,710 K.
