Sonos stock forecast: down to 17.83 USD SONO stock price prognosis

STOCK

Forecast for Wed 03 Jul 2024 price 18.71

Sonos stock price forecast for further price development down to -5.59% (time horizon: 1 day) and price target of 17.83 USD. Short-term (time horizon: 2 weeks) Sonos share price prediction for 2024-07-03 with daily closed price projections

Key Facts

Symbol SONO 

ISIN US83570H1086 

CUSIP 83570H108

Currency USD

Category Household Audio & Video Equipment

Forecast price change %

Relative Strength Index (RSI)

Finance numbers

Revenue 1,567,679,000.0

Earnings per share 0.75

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On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

Summerized Form 10-K with GPT-2

Sonos sits at the intersection of emerging consumer technology and entertainment trends. Our partners span across content, control, and third-party applications: •Content. We have significantly expanded the size of our patent portfolio in recent years. Geographic expansion represents a growth opportunity in currently underserved countries. As of October 3, 2020, we had 1,427 full-time employees. We have set a goal of 50% of new U.S. hires coming from underrepresented groups. We have increasingly focused our product roadmap on voice-enabled speakers. Defects could also occur in the products or components that are supplied to us. Any of the foregoing could disrupt and harm our business and financial condition.

Summerized Form 10-K with GPT-2 https://www.sec.gov/Archives/edgar/data/1314727/000131472720000052/0001314727-20-000052.txt
Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

  • Meta analyst score 34.72/100
    • Good financial position.
    • Historical view, profit is growing.
    • Company revenue is not growing faster compared with the industry.
    • Stock price is above book price value.

Institutional ownership list is based on filling form information

Holding name Date Amount
A - BARCLAYS PLC 2023-06-30 293989
A - OSAIC HOLDINGS, INC. 2023-06-30 16348
NBW CAPITAL LLC 2023-06-30 164128
MEITAV INVESTMENT HOUSE LTD 2023-06-30 210589
VOYA INVESTMENT MANAGEMENT LLC 2022-09-30 412868

Fund ownership list is based on filling form information

Fund name Date Amount Profile
Starboard Investment Trust 2023-11-30 115475 Long
iShares Trust 2023-11-30 83428 Long
SCHWAB STRATEGIC TRUST 2023-11-30 250299 Long
SCHWAB STRATEGIC TRUST 2023-11-30 1556 Long
SCHWAB STRATEGIC TRUST 2023-11-30 582284 Long

Insider trading for Sonos

CIK Name Date Action T-Test 1day T-Test 7day T-Test 14day T-Test 30day
1743317 Spence Patrick 2023-09-20 SALE Accept Accept Accept Accept
1699323 Coles Joanna 2024-04-04 SALE Accept Accept Accept Accept
1522484 Conrad Thomas 2024-02-07 SALE Accept Accept Accept Accept
Assets / Liabilities

Bollinger Bollinger Bands for Sonos can provide the information where the market is moving based on price information.

Sonos Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.

Converting prices to returns Sonos.

On-Balance Volume information for Sonos. On-Balance Volume information can be an indicator for bullish or bearish outcome.

Accumulation / Distribution (A/D) indicator information for Sonos. The indicator identify divergences between price and volume flow.

Aroon Oscillator information for Sonos. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.

Average Directional Index (ADX) information for Sonos. The index can be used to identify the strengh of a trend.

Moving Average Convergence Divergence (MACD) for Sonos. The indicator helps to predict trend direction and the momentum of the trend.

Stochastic Oscillator as momentum indicator for Sonos. The indicator is useful for identifying overbought and oversold levels.

Relative Strength Index (RSI) for Sonos. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].

Heikin Ashi trading signals are generated based on the Heikin Ashi candles, which are a type of candlestick that smooths out the price action and can help to identify trends. Heikin Ashi signals can be used to identify both long and short trading opportunities.

The awesome oscillator is a momentum indicator that measures the speed and strength of price movements. It is calculated by subtracting a 34-period simple moving average (SMA) from a 5-period SMA.

The Parabolic SAR indicator is a trend-following indicator that uses a series of dots to indicate when a trend is likely to reverse. The Parabolic SAR is a lagging indicator, meaning that it does not predict reversals, but rather confirms them after they have already occurred.

Moving Average Crossover

52W High 52W Low Market Cap

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Sonos on Nasdaq

Sonos on finviz

Figure below show the stock predictions.
Date Closing price Prediction was updated
2024-05-22 17.83 2024-05-08 06:31
2024-05-24 17.94 2024-05-08 06:31
2024-05-23 17.88 2024-05-08 06:31
2024-05-20 17.84 2024-05-08 06:31
2024-05-21 17.85 2024-05-08 06:31
2024-06-03 18.12 2024-05-08 06:31
2024-06-04 18.13 2024-05-08 06:31
2024-06-07 18.23 2024-05-08 06:31
2024-06-10 18.24 2024-05-08 06:31
2024-06-11 18.27 2024-05-08 06:31
2024-05-27 17.99 2024-05-08 06:31
2024-05-28 17.97 2024-05-08 06:31
2024-05-29 17.96 2024-05-08 06:31
2024-05-30 18.01 2024-05-08 06:31
2024-06-06 18.19 2024-05-08 06:31
2024-06-05 18.16 2024-05-08 06:31
2024-05-31 18.07 2024-05-08 06:31
2024-06-13 18.34 2024-05-08 06:31
2024-06-17 18.38 2024-05-08 06:31
2024-06-18 18.41 2024-05-08 06:31
2024-06-12 18.30 2024-05-08 06:31
2024-06-14 18.36 2024-05-08 06:31
2024-06-20 18.47 2024-05-08 06:31
2024-06-19 18.44 2024-05-08 06:31
2024-07-01 18.66 2024-05-08 06:31
2024-07-02 18.68 2024-05-08 06:31
2024-06-28 18.63 2024-05-08 06:31
2024-07-03 18.71 2024-05-08 06:31
2024-06-26 18.58 2024-05-08 06:31
2024-06-21 18.50 2024-05-08 06:31
2024-06-24 18.52 2024-05-08 06:31
2024-06-25 18.55 2024-05-08 06:31
2024-06-27 18.60 2024-05-08 06:31
2024-05-13 17.69 2024-05-08 06:31
2024-05-14 17.69 2024-05-08 06:31
2024-05-15 17.70 2024-05-08 06:31
2024-05-16 17.68 2024-05-08 06:31
2024-05-09 17.64 2024-05-08 06:31
2024-05-17 17.76 2024-05-08 06:31
2024-05-10 17.58 2024-05-08 06:31

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.