Sleep Number Corp (NASDAQ:SNBR) price on Friday, May 23, fall -2.64% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.21.
A look at the stock’s price movement, the close in the last trading session was $9.46. Turning to its 52-week performance, $20.75 and $4.48 were the 52-week high and 52-week low respectively. Overall, SNBR moved 40.18% over the past month.
Sleep Number Corp’s market cap currently stands at around $208.70 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 357.42M for the company’s revenue for the quarter, with a low and high estimate of 350.6M and 369.9M respectively. The average forecast suggests down to a -12.49% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.52B, representing a -9.92% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SNBR is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend SNBR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SNBR’s current price about 10.10% and 31.79% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.88, while 7-day volatility ratio is 4.36% and 5.46% in the 30-day chart. Further, Sleep Number Corp (SNBR) has a beta value of 1.80, and an average true range (ATR) of 0.73. Analysts have given the company’s stock an average 52-week price target of $11, forecast between a low of $7 and high of $12. Looking at the price targets, the low is 24.0% off current price level while to achieve the yearly target high, price needs to move -30.29%. Nonetheless, investors will most likely welcome a -19.44% jump to $11 which is the analysts’ median price.
If we refocus on Sleep Number Corp (NASDAQ:SNBR), historical trading data shows that trading volumes averaged 823.32K over the past 3 months. The company’s latest data on shares outstanding shows there are 22.66 million shares.
The 17.35% of Sleep Number Corp’s shares are in the hands of company insiders while institutional holders own 76.27% of the company’s shares. Current price change has pushed the stock -39.57% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SNBR stock continues to rise going into the next quarter.
