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Monday, June 5, 2023

This Is Too Hot For Sleep Number Corporation (NASDAQ: SNBR), Let’s Take A Closer Look

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Sleep Number Corporation (SNBR) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $19.57. The Sleep Number Corporation has recorded 8,405 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Sleep Number Announces First Quarter 2023 Results.

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Stocks Info

Sleep Number Corporation is listed on the NASDAQ in the Consumer Cyclical sector while operating in the Furnishings Fixtures & Appliances industry. At the end of the last regular session, the stock closed at $19.57 and fluctuated between $20.11 as its day high and $19.15 as its day low. The current market capitalization of Sleep Number Corporation is $421.73M. A total of 0.51 million shares were traded on the day, compared to an average of 524.14K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, SNBR has seen 15 BUY and 15 SELL insider trades, representing the acquisition of 193,166 and the disposition of 124,859 shares. Over the last 12 months, there were 25 BUYs and 22 SELLs from insiders. Insiders purchased 244,939 shares during that period but sold 151,492.

In the most recent transaction, Hellfeld Samuel R sold 1,051 shares of SNBR for 39.10 per share on Feb 28. After the transaction, the EVP Chief Legal & Risk Officer now owns 15,061 company shares. In a previous transaction on Feb 24, LAUDERBACK BRENDA J sold 6,107 shares at 37.01 per share. SNBR shares that Director owns now total 34,966.

Among the insiders who bought shares, HOWARD JULIE acquired of 6,500 shares on Nov 07 at a per-share price of $26.30. This resulted in the Director holding 13,670 shares of SNBR after the transaction. In another insider transaction, HARRISON MICHAEL J sold 3,620 shares at $48.02 per share on Aug 15. Company shares held by the Director now total 4,208.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for SNBR in the last 3 months, the mean price target is $29.33 with high estimates of $31.00 and low estimates of $27.00. In terms of 52-week highs and lows, SNBR has a high of $50.61 and a low of $19.55.

As of this writing, SNBR has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.15. The company reported an EPS of -$0.24 in the last quarter, which was -9.10% lower than expectations of -$0.22.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. SNBR’s latest balance sheet shows that the firm has $2.39M in Cash & Short Term Investments as of fiscal 2021. There were $791.05M in debt and $906.78M in liabilities at the time. Its Book Value Per Share was -$19.06, while its Total Shareholder’s Equity was -$424.95M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.00.

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