What’s the Analyst Recommendation for Sleep Number Corporation (SNBR)?

Sleep Number Corporation (SNBR) share price plummeted -2.43% with the closing price of $58.17 on Wednesday. Sleep Number Corporation stock has an exchanging volume of 1.18 million shares, which is high, contrasted with its 3-months average volume of 383.55K shares. Its market capitalization has now reached to $1.57B and analysts have a consensus target price of $45.50 in the 12-month period.

Sleep Number Announces Record Third Quarter 2020 Results on October 14, 2020 at Yahoo.

Sleep Number Corporation (SNBR) reported results for the quarter ended September 26, 2020. Net sales increased 12% to $531 million, including an 11% comparable sales gain; online and phone sales were up 111% versus the prior year and represented 14% of net sales.

Gross profit rate increased 70 basis points (bp) to 63.1% of net sales compared with 62.4% for the same period last year.

Operating income increased 78% to $70 million, or 13.1% of net sales, up 490 bp versus the prior year’s third quarter

Earnings per diluted share increased 90% to $1.79, compared with $0.94 for the prior year

Piper Sandler announced it was Upgrade coverage of Sleep Number Corporation in a research note on July 10, 2020. The analysts assigned an Overweight rating to the stock with a price target of $65. Raymond James rated the stock as a Mkt perform in a research noted published on March 25, 2020. Raymond James rated the stock as an Outperform in a research note published on October 09, 2019.

SNBR Past Trading Activity

The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, SNBR price has rose by 9.71%. In the course of past three months sees the stock go up around 19.45%, while it has gain 162.26% over the past six months and 18.14% since the start of the year.

SNBR Earning History

Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Dec 2020), the firm recorded a revenue of 284.94 billion, which was higher than the gauge of 485.81M made by certain experts. For that equivalent quarter, Sleep Number Corporation posted $1.79 earnings per share (EPS) which was above the consensus estimate of $1.06 by $0.73, which represents to an expansion by 68.90%.

SNBR Price Performance

Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Sleep Number Corporation has seen its stock exchanging -5.26% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +38.01% above its three-month low. A more extensive look sees SNBR exchanging -4.64% beneath its 52-week high and 280.94% above from its 52-week low price.

SNBR Instability & Beta Factor

The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 5.23%, while it has a month to month instability of 4.83%. The company has an ATR (Average True Range) of 2.68 and a beta factor of 2.32.

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