Let’s look at the key reasons that are pushing Sonos Inc (SONO) to new highs

Sonos Inc (NASDAQ: SONO) kicked off on Tuesday, down -0.84% from the previous trading day, before settling in for the closing price of $13.08. Over the past 52 weeks, SONO has traded in a range of $9.78-$19.76.

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During the last 5-year period, the sales growth of Technology Sector giant was 7.79%. While this was happening, its average annual earnings per share was recorded -234.38%. With a float of $118.70 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) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Consumer Electronics Industry. The insider ownership of Sonos Inc is 1.90%, while institutional ownership is 92.66%. 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) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.25 earnings per share (EPS), lower than consensus estimate (set at -0.18) by -0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.18 per share during the current fiscal year.

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 30.00% during the next five years compared to 19.48% growth over the previous five years of trading.

Sonos Inc (NASDAQ: SONO) Trading Performance Indicators

Take a look at Sonos Inc’s (SONO) current performance indicators. Last quarter, 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 1.00. Likewise, its price to free cash flow for the trailing twelve months is 7.84.

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)

Looking closely at Sonos Inc (NASDAQ: SONO), its last 5-days average volume was 1.6 million, which is a drop from its year-to-date volume of 1.93 million. As of the previous 9 days, the stock’s Stochastic %D was 93.82%. Additionally, its Average True Range was 0.42.

During the past 100 days, Sonos Inc’s (SONO) raw stochastic average was set at 45.16%, which indicates a significant decrease from 88.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.13% in the past 14 days, which was lower than the 38.80% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $11.99, while its 200-day Moving Average is $15.35. However, in the short run, Sonos Inc’s stock first resistance to watch stands at $13.15. Second resistance stands at $13.34. The third major resistance level sits at $13.58. If the price goes on to break the first support level at $12.73, it is likely to go to the next support level at $12.49. Now, if the price goes above the second support level, the third support stands at $12.31.

Sonos Inc (NASDAQ: SONO) Key Stats

The company with the Market Capitalisation of 1.57 billion has total of 122,901K Shares Outstanding. Its annual sales at the moment are 1,655 M in contrast with the sum of -10,270 K annual income. Company’s last quarter sales were recorded 397,150 K and last quarter income was 3,710 K.