Sleep Number Corp (NASDAQ:SNBR) shares, rose in value on Thursday, April 25, with the stock price up by 1.40% to the previous day’s close as strong demand from buyers drove the stock to $13.76.
Actively observing the price movement in the recent trading, the stock is buoying the session at $13.57. Referring to stock’s 52-week performance, its high was $39.98, and the low was $9.00. On the whole, SNBR has fluctuated by -8.27% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.8B, with a low estimate of 416.7M and a high estimate of 434.32M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 428M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SNBR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SNBR currently trading nearly -1.10% and -2.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.49, while the 7-day volatility ratio is showing 8.45% which for the 30-day chart, stands at 6.48%. Furthermore, Sleep Number Corp (SNBR)’s beta value is 2.04, and its average true range (ATR) is 1.04.
A comparison of Sleep Number Corp (SNBR) with its peers suggests the former has fared considerably weaker in the market. SNBR showed an intraday change of 1.40% in today’s session so far, and over the past year, it shrunk by -45.20%%.
Data on historical trading for Sleep Number Corp (NASDAQ:SNBR) indicates that the trading volumes over the past 3 months, they’ve averaged 564.01K. According to company’s latest data on outstanding shares, there are 22.23 million shares outstanding.
Nearly 6.52% of Sleep Number Corp’s shares belong to company insiders and institutional investors own 86.18% of the company’s shares. The stock has fallen by -7.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SNBR stock heading into the next quarter.
