Sonos Inc. (SONO, Financial) experienced a significant stock price increase of 5%, reaching $15.13 per share with a trading volume of 1.328 million shares. The turnover rate stood at 1.09%, and the price fluctuation was 6.12%. Recent financial reports indicate the company generated $1.518 billion in revenue but recorded a net loss of $38.15 million, resulting in an earnings per share of -$0.31. The gross profit was $687 million, with a negative price-to-earnings ratio of -48.73.
Among analysts, 57% recommend buying SONO, 29% suggest holding, and 14% advise selling. In the broader consumer electronics sector, which saw an overall increase of 1.45%, Sonos was among the top gainers alongside Vuzix Corporation and Gauss Electronics. Sonos Inc. specializes in home audio systems, selling speakers and accessories across the Americas, Europe, Middle East, Africa, and Asia-Pacific, with the majority of revenue coming from the Americas.
