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Tuesday, March 21, 2023

Taking On Challenges And Growing? – Sleep Number Corporation (SNBR)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Sleep Number Corporation (SNBR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.16, or -0.43%, to $36.80. The Sleep Number Corporation has recorded 9,290 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Sleep Number Announces Leadership Transition.

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Stocks Info

This NASDAQ-listed company operates within the Furnishings Fixtures & Appliances industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $36.96 and fluctuated between $37.36 as its day high and $33.53 as its day low. The current market capitalization of Sleep Number Corporation is $788.73M. A total of 0.68 million shares were traded on the day, compared to an average of 413.60K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SNBR has seen 3 BUY and 3 SELL insider trades, representing the acquisition of 8,122 and the disposition of 1,749 shares. Over the last 12 months, there were 42 BUYs and 31 SELLs from insiders. Insiders purchased 322,980 shares during that period but sold 189,199.

In the most recent transaction, HOWARD JULIE bought 6,500 shares of SNBR for 26.30 per share on Nov 07. After the transaction, the Director now owns 13,670 company shares. In a previous transaction on Aug 15, HARRISON MICHAEL J sold 3,620 shares at 48.02 per share. SNBR shares that Director owns now total 4,208.

Among the insiders who sold shares, Alegre Daniel disposed of 17,000 shares on Feb 25 at a per-share price of $65.89. This resulted in the Director holding 11,913 shares of SNBR after the transaction. In another insider transaction, LAUDERBACK BRENDA J sold 1,660 shares at $63.35 per share on Feb 25. Company shares held by the Director now total 35,188.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SNBR in the last 3 months, the mean price target is $28.00 with high estimates of $31.00 and low estimates of $26.00. In terms of 52-week highs and lows, SNBR has a high of $75.98 and a low of $23.60.

As of this writing, SNBR has an earnings estimate of $1.09 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $1.64 per share and a lower estimate of -$0.21. The company reported an EPS of $1.54 in the last quarter, which was 148.40% higher than expectations of $0.62.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SNBR is Overweight with a score of 3.00. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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