Shares of Sonos, Inc. (:SONO) currently have an average target price of $17.4. This is the consensus number using estimates provided by polled analysts. Street analysts often give price target projections on stocks that they track. Price target projections can be calculated using a variety of methods. Many investors will follow stock target prices, especially when analysts make revisions. A thorough research report will typically provide detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the information to assist with their own stock analysis.
Investors may be trying to get a read on the next big stock market move. Projecting which stocks are ready to make a run can be tricky. Many investors will track the market from various angles in order to make the best educated decisions. Keeping tabs on all the important economic indicators can help when analyzing the overall health of the stock market. Some financial strategists may be projecting a sharp downturn over the next few months while others believe that there is no tangible reason for the market to lose the near-term momentum.
Taking a quick look at analyst opinions, we can see that the current average broker recommendation on shares of Sonos, Inc. (:SONO) is presently 2.3. Out of the covering analysts polled by Zacks Research, 3 have put a Strong Buy or Buy rating on the stock.
As earnings season comes into focus, investors will be closely tracking sell-side estimates. According to analysts polled by Zacks Research, the current quarter EPS consensus estimate is currently sitting at -0.17 for shares of Sonos, Inc. (:SONO). The number consists of estimates provided by 1 contributing analysts. For the last reporting period, the company posted a quarterly EPS of 0.55. The consensus estimate for last quarter before the earnings report was 0.44. Looking out further to the next quarter EPS estimate, the consensus is currently resting at 0.01. This consensus estimate includes 1 analysts taken into consideration by Zacks. Shifting the focus to the current fiscal year EPS estimate, the number is currently 0.06. Widening the gaze to the next fiscal year, we can see that the consensus EPS estimate is presently 0.3.
Checking in on stock price activity for Sonos, Inc. (:SONO), we have recently seen shares trading near the $10.7 mark. Investors will often track the current stock price in relation to its 52-week high and low levels. The 52-week high is currently $21.69, and the 52-week low is presently $9.58. When the current stock price is trading close to either the 52-week high or 52-week low, investors may pay closer attention to see if there will be a breakthrough that level. Over the past 12 weeks, the stock has seen a change of -24.43%. Going back to the start of the calendar year, we can see that shares have moved 8.96%. Pulling the focus closer to the past 4 weeks, shares have seen a change of 0.38%. Over the past 5 trading days, the stock has moved -9.86%.
As the next company earnings season comes into focus, investors may be closely following the numbers as they are released. Some investors will choose to stay away from any big trades during earnings season. Others will opt to try to capitalize on stock price fluctuations that may occur before and after the earnings report. Wall Street analysts may be getting ready to make estimate revisions over the next couple of weeks. Investors have the ability to follow analyst estimates and recommendations when undertaking stock analysis. Investors may choose to review analyst projections and then make their own decisions on what they think the company will report for the quarter.
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