Sonos, Inc. (NASDAQ:SONO) has seen 1,363,631 shares traded in the recent trading session. The company, currently valued at $1.56 Billion, closed the recent trade at $14.27 per share which meant it lost -$0.1 on the day or -1.11% during that session. The SONO stock price is -18.29% off its 52-week high price of $16.88 and 53.89% above the 52-week low of $6.58. If we look at the company’s 10-day average daily trading volume, we find that it stood at 15.94 Million shares traded. The 3-month trading volume is 3.4 Million shares.
The consensus among analysts is that Sonos, Inc. (SONO) is an Overweight stock at the moment, with a recommendation rating of 2.5. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 3 out of 8 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.27.
Sonos, Inc. (NASDAQ:SONO) trade information
Despite being -0.69% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Jun 26 when the SONO stock price touched $15.33- or saw a rise of 6.59%. Year-to-date, Sonos, Inc. shares have moved -8.32%, while the 5-day performance has seen it change 1.56%. Over the past 30 days, the shares of Sonos, Inc. (NASDAQ:SONO) have changed 31.86%. Short interest in the company has seen 5.1 Million shares shorted with days to cover at 1.5.
Wall Street analysts have a consensus price target for the stock at $12.68, which means that the shares’ value could jump -11.14% from current levels. The projected low price target is $7.5 while the price target rests at a high of $19. In that case, then, we find that the current price level is +33.15% off the targeted high while a plunge would see the stock lose -47.44% from current levels.
Sonos, Inc. (SONO) estimates and forecasts
Figures show that Sonos, Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -3.86% over the past 6 months, with this year growth rate of 640%, compared to -14.8% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -107.7% and 17.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be -1.5%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -17.2% over the past 5 years. Earnings growth for 2020 is a modest +70.6% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Sonos, Inc. (NASDAQ:SONO)’s Major holders
Insiders own 5.62% of the company shares, while shares held by institutions stand at 76.53% with a share float percentage of 81.09%. Investors are also buoyed by the number of investors in a company, with Sonos, Inc. having a total of 246 institutions that hold shares in the company. The top two institutional holders are Kohlberg Kravis Roberts & Co. L.P. with over 13.85 Million shares worth more than $117.41 Million. As of March 30, 2020, Kohlberg Kravis Roberts & Co. L.P. held 12.71% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 6.01 Million shares as of March 30, 2020. The firm’s total holdings are worth over $50.93 Million and represent 5.51% of shares outstanding.