Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Sonos Inc before investing.

In this article, we go over a few key elements for understanding Sonos Inc’s stock price such as:

• Sonos Inc’s current stock price and volume
• Why Sonos Inc’s stock price changed recently
• Upgrades and downgrades for SONO from analysts
• SONO’s stock price momentum as measured by its relative strength

About Sonos Inc (SONO)

Before we jump into Sonos Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Sonos, Inc. designs, develops, manufactures and sells audio products and services. The Company has developed multi-room, wireless audio products. Its platform has a broad range of more than 130 streaming content providers, such as Apple Music, Spotify and Pandora. The Company outsources the manufacturing of its speakers and components to contract manufacturers, who produce its products based on its design specifications. Its product categories include speakers, portable speakers, home theater, sets, architectural, audio components and accessories. The Company's products include Arc, Beam (Gen 2), Ray, Era 100, Era 300, Roam, Move 2, Sub (Gen 3), Sub Mini, Five and Amp. Its partner products include Sonos Pro, Audi Partnership, Sonos Radio HD, Sonos Radio, Sonos Architectural by Sonance, IKEA module units and accessories. Its Move 2 product is a portable, battery-powered smart speaker that delivers spacious stereo sound, with water-resistant design for outdoor and indoor listening.

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Sonos Inc’s Stock Price as of Market Close

As of August 15, 2024, 4:00 PM, CST, Sonos Inc’s stock price was $11.73.

Sonos Inc is up 4.64% from its previous closing price of $11.21.

During the last market session, Sonos Inc’s stock traded between $11.13 and $11.88. Currently, there are 122.55 million shares of Sonos Inc stock available for purchase.

Unfortunately, Sonos Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Sonos Inc Stock Price History

Sonos Inc’s (SONO) price is currently down 13.11% so far this month.

During the month of August, Sonos Inc’s stock price has reached a high of $13.48 and a low of $10.23.

Over the last year, Sonos Inc has hit prices as high as $19.76 and as low as $9.78. Year to date, Sonos Inc’s stock is down 30.59%.

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What Caused Sonos Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 14, 2024, there were 2 analysts who downgraded Sonos Inc’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Sonos Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Sonos Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Sonos Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Sonos Inc (SONO) by visiting AAII Stock Evaluator.

Relative Price Strength of Sonos Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 14, 2024, Sonos Inc has a weighted four-quarter relative price strength of -11.46%, which translates to a Momentum Score of 30 and is considered to be Weak.

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Sonos Inc Stock Price: Bottom Line

As of August 15, 2024, Sonos Inc’s stock price is $11.73, which is up 4.64% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Sonos Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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