With 2.67 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.98 million shares. The 52-week range on SONO shows that it touched its highest point at $19.76 and its lowest point at $10.23 during that stretch. It currently has a 1-year price target of $16.75. Beta for the stock currently stands at 1.99.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SONO was up-trending over the past week, with a rise of 4.41%, but this was down by -3.16% over a month. Three-month performance surged to 4.17% while six-month performance rose 21.64%. The stock lost -27.12% in the past year, while it has lost -10.31% so far this year. A look at the trailing 12-month EPS for SONO yields -0.57 with Next year EPS estimates of -0.05. For the next quarter, that number is -0.39. This implies an EPS growth rate of 17.42% for this year and 82.03% for next year.
Float and Shares Shorts:
At present, 124.73 million SONO shares are outstanding with a float of 116.52 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SONO since 7 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.27952 being high and -$0.29347 being low. For SONO, this leads to a yearly average estimate of -$0.285. Based on analyst estimates, the high estimate for the next quarter is $0.16 and the low estimate is $0.06. The average estimate for the next quarter is thus $0.11.
