A new trading day began on Friday, with Sonos Inc (NASDAQ: SONO) stock price up 3.44% from the previous day of trading, before settling in for the closing price of $11.62. SONO’s price has ranged from $9.78 to $19.76 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 7.79% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -234.38%. 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Consumer Electronics Industry. The insider ownership of Sonos Inc is 1.92%, while institutional ownership is 92.70%. The most recent insider transaction that took place on Aug 19 ’24, was worth 429,375. In this transaction Chief Product Officer of this company sold 37,256 shares at a rate of $11.53, taking the stock ownership to the 0 shares. Before that another transaction happened on Aug 16 ’24, when Company’s Chief People Officer sold 6,438 for $11.56, making the entire transaction worth $74,423. This insider now owns 26,588 shares in total.
Sonos Inc (SONO) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -234.38% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 56.85% during the next five years compared to 19.48% growth over the previous five years of trading.
Sonos Inc (NASDAQ: SONO) Trading Performance Indicators
Here are Sonos Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.23. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.93. Likewise, its price to free cash flow for the trailing twelve months is 7.27.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.14, a number that is poised to hit -0.39 in the next quarter and is forecasted to reach -0.16 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 1.69 million. That was inferior than the volume of 1.95 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 21.12%. Additionally, its Average True Range was 0.46.
During the past 100 days, Sonos Inc’s (SONO) raw stochastic average was set at 24.14%, which indicates a significant decrease from 33.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.35% in the past 14 days, which was higher than the 37.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.06, while its 200-day Moving Average is $15.63. However, in the short run, Sonos Inc’s stock first resistance to watch stands at $12.14. Second resistance stands at $12.27. The third major resistance level sits at $12.49. If the price goes on to break the first support level at $11.80, it is likely to go to the next support level at $11.58. The third support level lies at $11.46 if the price breaches the second support level.
Sonos Inc (NASDAQ: SONO) Key Stats
With a market capitalization of 1.45 billion, the company has a total of 122,901K Shares Outstanding. Currently, annual sales are 1,655 M while annual income is -10,270 K. The company’s previous quarter sales were 397,150 K while its latest quarter income was 3,710 K.
