In last trading session, Sleep Number Corp (NASDAQ:SNBR) saw 0.43 million shares changing hands with its beta currently measuring 2.10. Company’s recent per share price level of $15.92 trading at $0.73 or 4.81% at ring of the bell on the day assigns it a market valuation of $356.15M. That closing price of SNBR’s stock is at a discount of -30.34% from its 52-week high price of $20.75 and is indicating a premium of 48.93% from its 52-week low price of $8.13. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.63 million shares which gives us an average trading volume of 411.20K if we extend that period to 3-months.
For Sleep Number Corp (SNBR), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.23 in the current quarter.
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Sleep Number Corp (NASDAQ:SNBR) trade information
Upright in the green during last session for gaining 4.81%, in the last five days SNBR remained trading in the green while hitting it’s week-highest on Friday, 11/08/24 when the stock touched $15.92 price level, adding 5.13% to its value on the day. Sleep Number Corp’s shares saw a change of 7.35% in year-to-date performance and have moved 25.26% in past 5-day. Sleep Number Corp (NASDAQ:SNBR) showed a performance of 7.64% in past 30-days. Number of shares sold short was 3.03 million shares which calculate 7.41 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 12 to the stock, which implies a fall of -32.67% to its current value. Analysts have been projecting 12 as a low price target for the stock while placing it at a high target of 12. It follows that stock’s current price would jump 24.62% in reaching the projected high whereas dropping to the targeted low would mean a gain of 24.62% for stock’s current value.
Sleep Number Corp (SNBR) estimates and forecasts
Statistics highlight that Sleep Number Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company added 2.78% of value to its shares in past 6 months, showing an annual growth rate of -550.00% while that of industry is 16.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -10.20% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 389.75M for the same. And 4 analysts are in estimates of company making revenue of 461.27M in the next quarter. Company posted 429.52M and 470.45M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around -36.03% while estimates for its earnings growth in next 5 years are of 6.80%.
Sleep Number Corp (NASDAQ:SNBR)’s Major holders
Insiders are in possession of 6.38% of company’s total shares while institution are holding 90.39 percent of that, with stock having share float percentage of 96.55%. Investors also watch the number of corporate investors in a company very closely, which is 90.39% institutions for Sleep Number Corp that are currently holding shares of the company. STADIUM CAPITAL MANAGEMENT LLC is the top institutional holder at SNBR for having 1.85 million shares of worth $17.67 million. And as of 2024-06-30, it was holding 8.2032 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 1.62 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.2041 of outstanding shares, having a total worth of $15.52 million.
