Sonos Inc (NASDAQ: SONO) on Monday, plunged -1.89% from the previous trading day, before settling in for the closing price of $11.61. Within the past 52 weeks, SONO’s price has moved between $9.78 and $19.76.
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During the last 5-year period, the sales growth of Technology Sector giant was 8.41%. The company achieved an average annual earnings per share of -233.33%. With a float of $118.60 million, this company’s outstanding shares have now reached $125.11 million.
Let’s determine the extent of company efficiency that accounts for 1867 employees. In terms of profitability, gross margin is 45.57%, operating margin of -0.15%, and the pretax margin is 0.17%.
Sonos Inc (SONO) Insider Activity
Observing investor behavior towards Consumer Electronics industry stocks is more important than anything else. The insider ownership of Sonos Inc is 1.99%, while institutional ownership is 92.12%. The most recent insider transaction that took place on Aug 16 ’24, was worth 74,423. In this transaction Chief People Officer of this company sold 6,438 shares at a rate of $11.56, taking the stock ownership to the 26,588 shares. Before that another transaction happened on Aug 19 ’24, when Company’s Officer proposed sale 37,256 for $11.70, making the entire transaction worth $435,895.
Sonos Inc (SONO) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.25 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.18) by -0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -233.33% 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
Sonos Inc (SONO) is currently performing well based on its current performance indicators. A quick ratio of 1.23 was reported for the most recent quarter. 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 6.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.14, a number that is poised to hit -0.38 in the next quarter and is forecasted to reach -0.14 in one year’s time.
Technical Analysis of Sonos Inc (SONO)
Looking closely at Sonos Inc (NASDAQ: SONO), its last 5-days average volume was 2.59 million, which is a jump from its year-to-date volume of 1.91 million. As of the previous 9 days, the stock’s Stochastic %D was 52.85%. Additionally, its Average True Range was 0.61.
During the past 100 days, Sonos Inc’s (SONO) raw stochastic average was set at 12.74%, which indicates a significant decrease from 33.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.67% in the past 14 days, which was higher than the 35.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.86, while its 200-day Moving Average is $15.96. However, in the short run, Sonos Inc’s stock first resistance to watch stands at $11.65. Second resistance stands at $11.91. The third major resistance level sits at $12.04. If the price goes on to break the first support level at $11.25, it is likely to go to the next support level at $11.12. Should the price break the second support level, the third support level stands at $10.86.
Sonos Inc (NASDAQ: SONO) Key Stats
Market capitalization of the company is 1.38 billion based on 122,901K outstanding shares. Right now, sales total 1,655 M and income totals -10,270 K. The company made 397,150 K in profit during its latest quarter, and 3,710 K in sales during its previous quarter.
