With 1.24 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.92 million shares. The 52-week range on SONO shows that it touched its highest point at $16.30 and its lowest point at $7.62 during that stretch. It currently has a 1-year price target of $11.67. Beta for the stock currently stands at 2.05.
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 down-trending over the past week, with a drop of -0.79%, but this was down by -10.40% over a month. Three-month performance dropped to -13.77% while six-month performance fell -31.43%. The stock lost -35.67% in the past year, while it has lost -32.98% so far this year. A look at the trailing 12-month EPS for SONO yields -0.59 with Next year EPS estimates of -0.38. For the next quarter, that number is -0.26. This implies an EPS growth rate of -158.06% for this year and 52.08% for next year. EPS is expected to grow by 45.57% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -46.49%.
Float and Shares Shorts:
At present, 123.76 million SONO shares are outstanding with a float of 117.26 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 -$0.30065 being low. For SONO, this leads to a yearly average estimate of -$0.285.
