Sleep Number Corp (NASDAQ:SNBR) has a beta value of 2.03 and has seen 0.21 million shares traded in the last trading session. The company, currently valued at $340.10M, closed the last trade at $15.21 per share which meant it gained $0.26 on the day or 1.74% during that session. The SNBR stock price is -83.37% off its 52-week high price of $27.89 and 46.55% above the 52-week low of $8.13. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.33 million shares traded. The 3-month trading volume is 527.66K shares.
The consensus among analysts is that Sleep Number Corp (SNBR) is Hold stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 2 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight.
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Sleep Number Corp (NASDAQ:SNBR) trade information
Sporting 1.74% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SNBR stock price touched $15.21 or saw a rise of 2.31%. Year-to-date, Sleep Number Corp shares have moved 2.56%, while the 5-day performance has seen it change 5.99%. Over the past 30 days, the shares of Sleep Number Corp (NASDAQ:SNBR) have changed 7.49%. Short interest in the company has seen 3.57 million shares shorted with days to cover at 6.16.
Wall Street analysts have a consensus price target for the stock at $13, which means that the shares’ value could drop -17.0% from current levels. The projected low price target is $13.0 while the price target rests at a high of $13.0. In that case, then, we find that the current price level is 14.53% off the targeted high while a plunge would see the stock lose 14.53% from current levels.
Sleep Number Corp (SNBR) estimates and forecasts
Figures show that Sleep Number Corp shares have underperformed across the wider relevant industry. The company’s shares have lost -3.43% over the past 6 months, with this year growth rate of -335.71%, compared to 14.40% for the industry.
Earnings growth for 2024 is a modest -12.87% while over the next 5 years, the company’s earnings are expected to increase by 6.80%.
SNBR Dividends
Sleep Number Corp is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Sleep Number Corp (NASDAQ:SNBR)’s Major holders
Insiders own 6.39% of the company shares, while shares held by institutions stand at 87.33% with a share float percentage of 93.29%. Investors are also buoyed by the number of investors in a company, with Sleep Number Corp having a total of 186.0 institutions that hold shares in the company. The top two institutional holders are STADIUM CAPITAL MANAGEMENT LLC with over 1.85 million shares worth more than $17.67 million. As of 2024-06-30, STADIUM CAPITAL MANAGEMENT LLC held 8.2032% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 1.62 million shares as of 2024-06-30. The firm’s total holdings are worth over $15.52 million and represent 7.2041% of shares outstanding.
