UBS raised the price target for the Sleep Number Corporation (NASDAQ:SNBR) stock from “a Sell” to “a Neutral”. The rating was released on February 18, 2021. We previously noted in another research note published on February 04, 2021 by BofA Securities that downgraded the stock from a Neutral to an Underperform with a price target of $88 for SNBR stock. The research report from BofA Securities has upgraded the stock from Underperform to Neutral, with a price target set at $73. The stock was upgraded by Piper Sandler, who disclosed in a research note on July 10, 2020, from Neutral to Overweight and set the price objective to $65.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Sleep Number Corporation (NASDAQ:SNBR) dipped -12.88% to close Wednesday’s market session at $97.78, lower as compared to yesterday’s close. The stock price fluctuated between $93.3501 and $101.91 throughout the trading session with the volume trading being 3256674 shares, which represented a significant variation when compared to the three months average volume of 448.78K shares. The firm’s stock price fluctuated -14.23% within the last five trades and -5.01% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 1.16% in the last 6 months and -21.73% was subtracted to its value over the previous 3 months. SNBR stock is trading at a margin of -10.44%, -10.69% and -3.67% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, SNBR deals in the Consumer Cyclical domain. The stock is trading -35.43 percent below its 52-week high and 131.98 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 80.5. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Sleep Number Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 10.70 percent and the profit margin is 8.50 percent, and the company has reported a gross margin of 62.00 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2.39 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Sleep Number Corporation (NASDAQ:SNBR) is 16.19. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 13.79. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.22 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 3.00 percent of Sleep Number Corporation shares are owned by insiders, and 97.20 percent are held by financial institutions. Alegre Daniel, the Director at Sleep Number Corporation (SNBR) has sold 12,852 shares of firm on May 25 at a price of $107.55 against the total amount of $1.38 million. In another inside trade, VALETTE JEAN MICHEL, Director of Sleep Number Corporation (NASDAQ:SNBR) sold 25,000 shares of the firm on Apr 05 for a total worth of $3.44 million at a price of $137.70. An inside trade which took place on Apr 01, President and CEO of Sleep Number Corporation Ibach Shelly Radue sold 2,930 shares of firm against total price of $0.42 million at the cost of $144.75 per share.