Sonos, Inc. is a NASDAQ listed company with the stock symbol SONO and a current price of 21.45 USD. The company’s market capitalization as of 3rd February 2023 was 24.08 bln USD, which shows an increase of 2.91 bln USD since 1st February 2023 and 2.53 bln USD since 2nd February 2023. However, compared to the year high of 31.22 in 4th August 2022, Sonos has seen its market cap decrease by 7.14 bln USD over the last 11 months.
The company’s 50 day average price is 18.06 USD, while the 200 day average price is 18.10 USD, both being below the current price of 21.45 USD per share indicating a bullish trend for the stock in medium and long term outlooks respectively.
With an EPS (Earnings Per Share) of 0.15 and PE (Price Earning Ratio) of 143; Sonos has 127 mln shares outstanding which amounts to an earnings announcement scheduled for 9th May 2023 with 189 mln volume traded daily on average; this shows that investors have faith in the company’s financials as well as its future prospects given its impressive stock performance over the past few months despite decreasing long-term market capitalization value compared to its year’s peak in August 2022..
