50.1 F
New York
Tuesday, December 1, 2020

The Rejuvenation of Sonos Inc. (NASDAQ:SONO)

Must read

When Will Comstock Resources Inc. (CRK) Slow Down

Comstock Resources Inc. (CRK) shares are trading at lower $4.87 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Will Creative Realities Inc. (CREX) Find a Support Level Soon?

Creative Realities Inc. (CREX) shares are trading at higher $1.24 and the avg recommendation for the stock is Moderate Buy. To add more color...

Assertio Holdings Inc. (ASRT)’s Stock is Jumping, Here is Why

Assertio Holdings Inc. (ASRT) shares are trading at higher $0.42 and the avg recommendation for the stock is Moderate Buy. To add more color...

The Forecast Just Changed on Paychex Inc. (NASDAQ:PAYX)

Paychex Inc. (PAYX) shares are trading at lower $93.15 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Sonos Inc. (SONO) shares are trading at higher $13.79 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $16.36.

To add more color to this target, the company’s high over the last year is $17.83 and the low is $6.58. Over the last 52 weeks, SONO is up 3.30% while the S&P 500 is up 20.39%%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, SONO reported a profit of $109.79 million. Sonos Inc. also saw revenues increase to $249.31 million. In addition, SONO has free cash flow of $53.25 million as of 06-2020. The company’s EBITDA came in at -$48.05 million which compares well with its peers.

SONO booked profit margins of -5.30%, its Return on Equity (ROE) is -22.50%, and its Return on Assets is -9.30%. All told, it is clear that, SONO needs to be on your watchlist.

Find out when SONO reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SONO has a short ratio of 1.04 and outstanding shares of 109.48M.

Company Outlook

SONO has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -0.68. Sonos Inc. SONO also noted assets of $644.63 million at the end of the last quarter. Investors should also keep an eye on sector updates as SONO has historically followed its peers on positive news.

All told, Sonos Inc. SONO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SONO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Sonos Inc. SONO is now commanding a market cap of 1.55B and a float of 104.09M. SONO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SONO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SONO, either long or short, and we have not been compensated for this article.

Latest article

Renewed Optimism is Surrounding ServiceNow Inc. (NYSE:NOW)

ServiceNow Inc. (NOW) shares are trading at higher $534.55 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

Maxeon Solar Technologies Ltd. (NASDAQ:MAXN) is Waving the Bear Flag

Maxeon Solar Technologies Ltd. (MAXN) shares are trading at lower $24.42 and the avg recommendation for the stock is Hold, while the current analyst...

The Forecast Just Changed on Fortinet Inc. (NASDAQ:FTNT)

Fortinet Inc. (FTNT) shares are trading at lower $123.23 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Avis Budget Group Inc. (NASDAQ:CAR) on the Path to Ruin

Avis Budget Group Inc. (CAR) shares are trading at lower $35.17 and the avg recommendation for the stock is Moderate Buy, while the current...

The Last Few Sessions Have Allena Pharmaceuticals Inc. (ALNA) Soaring

Allena Pharmaceuticals Inc. (ALNA) shares are trading at lower $1.35 and the avg recommendation for the stock is Strong Buy. To add more color...