Sonos went public back in the summer of 2018 within the rising trend of tech IPOs joining the market of publicly traded companies.
Since then, the manufacturer of Bluetooth speakers dropped by around -50%, losing half the value of Sonos share price, which is no wonder as Sonos is competing with big names, challenging giants such as Amazon (AMZN).
Here is what analysts say about the future performance of Sonos shares and the price prediction for the following period.
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Sonos Shares (SONO) Growth and Valuation
Based on previous performance made by the company and Sonos shares in the market, earnings growth for 2018 are set on losses with -64.36%, however earnings growth for 2019 are recording 237.50% according to the metrics provided by CNN Business.
Revenue growth for 2018 is recording 14.56% with price to earnings ratio at 57.5.
Additionally, price to sales numbers are set at 0.93, with price to book of 5.20.
The average trading volume for the period from February to May is 1,405,252, with a market cap of 1.1 billion dollars.
Sonos (SONO) Future Price Forecast
Based on historical performance in the period of the last 12 months, which would count the period from May 2018 to May 2019, share price forecast for Sonos is being determined for the next 12 months concluded with May 2020.
Based on the historical analysis, Sonos may see a high price of 20$ per share, which would be over 90% of increase from its present price of around 10$.
Furthermore, the median price for the period of next 12 months is set at 17$, which would indicate over 62% increase, with low price estimate suggested at 11$, also 5.3% higher than the current price.
Based on the forecast for 2019 when it comes to earnings per share, the average EPS for 2019 is said to be -0.10$.
