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.
Full Answer
What's happened to Sonos stock since its last earnings report?
A month has gone by since the last earnings report for Sonos (SONO). Shares have lost about 11.2% in that time frame, underperforming the S&P 500.
How much of Sonos'stock is owned by institutions?
76.43% of the stock of Sonos is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Earnings for Sonos are expected to grow by 20.16% in the coming year, from $1.29 to $1.55 per share.
What is the upside for Sonos'stock?
Their forecasts range from $37.00 to $50.00. On average, they anticipate Sonos' share price to reach $44.00 in the next twelve months. This suggests a possible upside of 47.7% from the stock's current price. View analysts' price targets for Sonos or view top-rated stocks among Wall Street analysts.
Do analysts agree on Sonos'(Sono) price target?
The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings. According to analysts' consensus price target of $44.00, Sonos has a forecasted upside of 47.7% from its current price of $29.80. Sonos has only been the subject of 1 research reports in the past 90 days.
Why does Sonos stock keep dropping?
There is currently an industry wide part shortage. Due to these challenges, companies are not able to manufacture enough products to meet the demand. Specifically, Sonos experienced 5% YoY revenue decrease in the Speaker division.
Is Sonos a good stock to buy now?
The financial health and growth prospects of SONO, demonstrate its potential to outperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of D.
Why did Sonos drop today?
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.
Will Sonos stock go up?
Stock Price Forecast The 6 analysts offering 12-month price forecasts for Sonos Inc have a median target of 31.00, with a high estimate of 40.00 and a low estimate of 24.00. The median estimate represents a +71.84% increase from the last price of 18.04.
Is Sonos overvalued?
Price to Book Ratio PB vs Industry: SONO is overvalued based on its Price-To-Book Ratio (4x) compared to the US Consumer Durables industry average (1.3x).
Is Sonos stock undervalued?
Recently beaten down as a tech stock, SONO is significantly undervalued, with an overall upside potential of 60%.
Is Sonos stock a buy or sell?
Sonos has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Is Sonos publicly traded?
In August 2018, Sonos went public, trading on the NASDAQ under the symbol SONO.
How do Sonos speakers connect to each other?
Open the Sonos app for iOS and Android. From the Settings tab, tap System. Under Products, tap one of the speakers you'd like to use in your stereo pair. Tap Set Up Stereo Pair (or Create Stereo Pair if using the Sonos S1 Controller) and follow the in-app instructions.