Looking to see a run past $40 again for SONO. Much of the analysis presented in the graphs.
So long as we do not get bond yield jitters, this stock should be able to move past the (lighter now) $40 resistance level since it crossed it several times even yesterday despite closing below $40 yesterday (02/25).
I am very LONG ON Sonos. Own several hundred shares in...
NASDAQ:SONO broke out of its IPO, buy now or upon retest of the break out level of 23.7$ or slightly lower at the 20 MA. Its not easy to figure out the target, it already crossed the analysts average target and could easily hit the highest target of 30$ and even higher. I am in this trade without stop but a good stop level would be around 20$.
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Sonos came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.28 per share a year ago.
This quarterly report represents an earnings surprise of 650%. (yahoo finance)
The indicators are giving strong buying signals on multiple timeframes.
If you are interested to test some amazing...
Stock is building massive momentum into earnings tomorrow - Keep in mind what kind of stock this is. They focus primarily on “at home” multi-room music systems. Where has everyone been the last 8 months?? I imagine a massive beat that gaps the stock near or above previous IPO highs. This is pure speculation. I will be playing the 12/18 20c’s. Good luck if you play!!
Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides wireless speakers, home theater speakers, components, and accessories. It offers its products through approximately 10,000 third-party retail stores, including...
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This chart combines Elliott Wave Theory and Fib Retracement Theory. Sonos is Up 65% YTD and may have a chance to go up 100% on next years chart. Great Speakers. Could end up getting bought out. Their Operating Income and Net income loss has slowly been decreasing over the last 4 years and 2020 may be their first profitable year. I believe that Fair value on this...
Although we do not have a position in SONO, we recently heard Bose, Google and or Amazon could make a move on SONO due to the companies strong AI / Voice Activated Portfolio of Audio Products.
WE DO NOT HAVE A POSITION IN SONO...WE WILL WATCH FROM THE SIDELINES TO SEE IF OUR WALL STREET CONTACT IS RIGHT...
In fact, one recent upgrade did comment on a buyout of...