Why did Sonos stock 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.
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.
Is Sonos undervalued?
Recently beaten down as a tech stock, SONO is significantly undervalued, with an overall upside potential of 60%.
What sector is Sonos in?
Sonos, Inc. is engaged in the business of developing wireless multi-room home audio systems. The Company offers speakers, portable speakers, home theatre, sets, accessories, architectural, components, and speaker recommender.
Will Sonos stock go up?
Stock Price Forecast The 6 analysts offering 12-month price forecasts for Sonos Inc have a median target of 43.50, with a high estimate of 50.00 and a low estimate of 32.00. The median estimate represents a +66.79% increase from the last price of 26.08.
Why did Sonos stock go up today?
Why Sonos Stock Jumped by Nearly 5% Today In Sonos’ earnings release, the company quoted CEO Patrick Spence as saying the results would have been better “but for chip shortages that constrained our supply, as demand was, and continues to be, strong.” “Longer term, the opportunity for Sonos is tremendous,” Spence added.
Is Sonos overvalued?
Price to Book Ratio PB vs Industry: SONO is overvalued based on its PB Ratio (5.1x) compared to the US Consumer Durables industry average (1.4x).
Is Sonos a good company?
Is Sonos a good company to work for? Sonos has an overall rating of 4.4 out of 5, based on over 324 reviews left anonymously by employees. 86% of employees would recommend working at Sonos to a friend and 87% have a positive outlook for the business.
Who is the CEO of Sonos?
Patrick Spence (Jan 2017–)Sonos / CEO
Is Sonos public or private?
In August 2018, Sonos went public, trading on the NASDAQ under the symbol SONO.