Is Sonos stock a good buy?
Sonos is holding a Zacks Rank of #1 (Strong Buy) right now. Digging into valuation, Sonos currently has a Forward P/E ratio of 23.3. This valuation marks a premium compared to its industry's average Forward P/E of 13.77. Investors should also note that SONO has a PEG ratio of 1.37 right now.
Why is Sonos stock falling?
The Company says that growth was strained by supply chain constraints coming from COVID lockdowns in China. Consumer demand remains strong as evidenced by the backlog for 2022, which should clear up as lockdowns get released. Higher component and logistics costs unscored the inflationary pressures in the quarter.
Is Sonos publicly traded?
Sonos (ticker: SONO) stock soared 49.7% last year, and this year it has rocketed 67%.
Does Sonos stock pay dividends?
No, Sonos does not pay a cash dividend.
Who is Sonos owned by?
The story of Sonos might seem like that, from a distance. Its four founders - John MacFarlane, Tom Cullen, Trung Mai, and Craig Shelburne - conjured a daring vision based on technology that didn't exist at the time.
Why is Sonos tanking?
Sonos is dealing with inflation, supply chain issues, and the global chip shortage. The home audio leader announced price increases to offset its higher costs. The stock dropped 18.5% without any bad news coming out, making an attractrive entry point for value investors.
How do I buy stock in Sonos?
How to buy shares in SonosCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. Fund your account.Research the stock. ... Purchase now or later. ... Check in on your investment.