Sonos, Inc. (:SONO) shares are holding above their moving averages, indicating a postitive uptrend for Consumer Goods company.
Investors may be combing through all the latest company earnings reports. They may be trying to figure out which companies look like they are going to be strong over the next few quarters. Earnings reports have the ability to cause dramatic stock price swings. Many investors will stay away from making any big trades around earnings announcements. When the dust settles, it may be much easier to determine whether a stock is worth buying or if it should be sold. Keeping a close eye on historical earnings results can provide some good insight. Companies that consistently produce solid earnings may be worth looking into further, especially if the investor is on the fence about getting into the name.
In order to tell which way a stock is trending, the stock’s share price should be compared to its moving average. The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below. The stock stands 5.87% away from its 50-day simple moving average and 4.12% away from the 200-day average. The price currently stands at $11.65.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, Sonos, Inc. (:SONO)‘s stock was 21.28%. 13.86% over the last quarter, and 5.49% for the past six months.
Over the past 50 days, Sonos, Inc. stock was -4.35% off of the high and 21.10% removed from the low. Their 52-Week High and Low are noted here. -47.64% (High), 26.22%, (Low).
The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 59.82 for Sonos, Inc. (:SONO).
The consensus analysts recommendation at this point stands at 2.20 on this stock. This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. The Street has a 16.17 target price on the shares for the next 12-18 months.
Investors are constantly trying to set themselves up for success when dealing with the stock market. This may mean tracking the market from a variety of alternate angles. Keeping tabs on the overall economic climate can help provide valuable insight. Taking a look at the bigger picture can help investors filter down and sort out issues at the sector and individual company level. Making sense of the seemingly endless amount of data can be quite a challenge for the investor. Once investors become familiar with the data, they can start to devise a plan to help use the information to their advantage. Even though thousands of investors will have access to the same set of data, learning how to trade the data can be extremely important.
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