Q2 STOCKS TO BUY

Is Sonos Stock Still Flashing a Buy Signal?

Sonos has partnerships with Spotify, Google, and more

Jun 10, 2021 at 12:22 PM
facebook X logo linkedin


Speaker company Sonos, Inc. (NASDAQ:SONO) has partnered with more than 100 companies that offer music services, including Google parent Alphabet (GOOGL), Spotify Technology (SPOT), and Amazon.com (AMZN) Music.

Sonos stock is up 47% year-to-date, but has taken an 8% haircut this quarter.  Sonos has outperformed analyst expectations on all three of its most recent earnings reports, resulting in post-earnings gaps of 7.4%, 15.7%, and 29.8%.

In general, Sonos stock seems to have significant potential as a long-term growth play for potential investors. The company’s revenues have increased by nearly 60% since fiscal 2017 and, more importantly, SONO has increased its net income by roughly $125 million during the same period, even reaching profitability in the fourth quarter of fiscal 2020. Sonos also carries an impressive balance sheet with $638.93 million in cash and only $50.08 million in debt. Overall, Sonos stock is well positioned for continued growth, despite its relatively high price-earnings ratio currently sitting at 37.78.

What's more, SONO sports attractively priced premiums at the moment. The equity's Schaeffer's Volatility Index (SVI) of 43% sits in the bottom percentile of its 12-month range, indicating option players are pricing in low volatility expectations. Lastly, the security's Schaeffer's Volatility Scorecard (SVS) ranks at 85out of 100, implying the stock tends to outperform these volatility expectations -- a boon for option buyers.

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter