In yesterday’s Wall Street session, Sonos Inc (NASDAQ:SONO) shares traded at $13.75, down -2.34% from the previous session.
SONO stock price is now 9.68% away from the 50-day moving average and -8.97% away from the 200-day moving average. The market capitalization of the company currently stands at $1.66B.
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With the price target reduced from $25 to $11, Morgan Stanley Downgraded its rating from Overweight to Underweight for Sonos Inc (NASDAQ: SONO). On August 08, 2024, Craig Hallum Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $25 to quote $10, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Coles Joanna, Director bought 905 shares of the company’s stock on Nov 14 ’24. The stock was bought for $13,982 at an average price of $15.45. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 19 ’24, Chief Product Officer Bouvat-Merlin Maxime sold 37,256 shares of the business’s stock. A total of $429,375 was realized by selling the stock at an average price of $11.53. A total of 1.91% of the company’s stock is owned by insiders.
During the past 12 months, Sonos Inc has had a low of $10.23 and a high of $19.76. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 1.51, and a quick ratio of 0.87. The fifty day moving average price for SONO is $12.5002 and a two-hundred day moving average price translates $15.114 for the stock.
The latest earnings results from Sonos Inc (NASDAQ: SONO) was released for 2024-09-28. The net profit margin was -2.51% and return on equity was -8.05% for SONO. The company reported revenue of $397.15 million for the quarter, compared to $373.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.37 percent.
