Positive context积极背景
Stocks股票 / Consumer Disc. / SONO
Sonos, Inc. · Consumer Disc.
SONO US listed · USD美股 · 美元
Sonos, Inc. is an American audio equipment manufacturer headquartered in Santa Barbara, California.Sonos, Inc. 是一家美国音频设备制造商，总部位于加利福尼亚州圣巴巴拉。
Small cap小盘 · $2B
Consumer Disc.
S&P 600标普600小盘Russell 2000罗素2000
Speculative / unprofitable投机／未盈利
$16.59
+$0.84 · +5.33%
52w low52周低 $12.41high高 $19.48
Constructive — building a base建设性 — 正在筑底
Confirmed cycle low — the entry window is open now, with a clear exit if it closes back below 13.8.周期低点已确认——入场窗口现已开启，若收盘重新跌破 13.8 则明确离场。
Live实时
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-08-14
Momentum (RSI 14)动量（RSI 14）
58
Neutral zone中性区域
vs 50-day average相对50日均线
+11.5% above上方
Uptrend intact趋势完好
vs 200-day average相对200日均线
+6.8% above上方
Long trend up长期向上
Volatility波动率
96th percentile第96百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
Estimates being cut预期下调
Valuation估值
Roughly fair vs sector相对行业估值合理| Multiple指标 | SONO | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/B市净率 | 4.49x | 3.13 | |
| P/S市销率 | 1.38x | 1.37 | |
| Earnings yield盈利收益率 | -3.07% | 4.65 | |
| FCF yield自由现金流收益率 | 5.43% | 5.43 | |
| Shareholder yield股东收益率 | 4.06% | 4.06 | |
| EV/EBITDA企业价值/EBITDA | 153.35x | 11.90 | |
| P/FCF市值/自由现金流 | 18.41x | 16.77 |
"Cheaper than" = share of sector peers trading richer on that multiple.「相对便宜」= 行业中该指标估值更高的同行占比。
Financials财务数据
fiscal years财年Revenue营业收入
$1.4B2025
20202025
5-yr growth5年复合增速 1.7%
Earnings per share每股收益
$-0.512025
20202025
Free cash flow自由现金流
$108.2M2025
20202025
Gross margin毛利率
43.7%
Operating margin营业利润率
-3.5%
Net margin净利率
-4.2%
FCF margin自由现金流利润率
9.5%
Balance-sheet quality财务体质 4/8
Bankruptcy risk: safe zone破产风险：安全区
Return on equity股本回报率 -14%
Clean稳健
Leverage杠杆
Net debt / EBITDA净债务/EBITDA-14.74
Current ratio流动比率1.43
Capital allocation资本配置
Buybacks (TTM)回购（TTM）$81.0M
Stock-based comp股权薪酬$81.6M
Share count change (1y)股数变化（1年）-1.4%
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Macro宏观
Long-duration name into a restrictive, rising-real-rate regime → rate headwind.长久期标的进入偏紧、实际利率上行的环境→利率逆风。
Positioning持仓
Short interest changed -12.8%空头仓位变动 -12.8%
Technical技术面
SONO took relative-strength leadershipSONO 取得相对强弱领先
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： +$46.9M net (3 buyers, 0 sellers)+$46.9M 净值（3 买家，0 卖家）
Signal history信号历史
engine events引擎事件
NEARING A HIGH → BUY ZONE接近高点 → 买入区
BUY. A new cycle low likely formed 21 day(s) ago (2026-07-15 @ 13.8): swing low in, price back above the 10-day average — and the weekly timeframe agrees买入。新的周期低点可能已在 21 天前形成 （2026-07-15 @ 13.8）：摆动低点已现，价格重新站上 10 日均线——且周线周期也一致确认
Aug 13, 2026
SONO took relative-strength leadershipSONO 取得相对强弱领先
Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $16.59.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$16.59。
Aug 13, 2026
SONO daily MACD crossed upSONO 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $16.59.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$16.59。
Aug 13, 2026
SONO StochRSI turned up from oversoldSONO StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $16.59.StochRSI重回20上方 — 下行动量趋缓的最早预警。$16.59。
Aug 12, 2026
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS止盈
Aug 12, 2026
SONO reclaimed its 200-day averageSONO 收复200日均线
Price closed back above the 200-day moving average — the classic bull dividing line. $15.75.收盘重回200日均线 — 经典的多头分界线。$15.75。
Aug 10, 2026
SONO lost its 200-day averageSONO 跌破200日均线
Price closed below the 200-day moving average — the classic bear dividing line. $15.44.收盘跌破200日均线 — 经典的空头分界线。$15.44。
Aug 10, 2026
SONO daily MACD crossed downSONO 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $15.44.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$15.44。
Aug 7, 2026
SONO reclaimed its 200-day averageSONO 收复200日均线
Price closed back above the 200-day moving average — the classic bull dividing line. $15.64.收盘重回200日均线 — 经典的多头分界线。$15.64。
Aug 6, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Aug 6, 2026
SONO lost its 200-day averageSONO 跌破200日均线
Price closed below the 200-day moving average — the classic bear dividing line. $15.45.收盘跌破200日均线 — 经典的空头分界线。$15.45。
Aug 4, 2026
SONO took relative-strength leadershipSONO 取得相对强弱领先
Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $16.42.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$16.42。
Aug 3, 2026
SONO reclaimed its 200-day averageSONO 收复200日均线
Price closed back above the 200-day moving average — the classic bull dividing line. $15.77.收盘重回200日均线 — 经典的多头分界线。$15.77。
Showing the last 15 of显示最近15条，共 240 signals条信号
Company profile公司档案
Sonos, Inc. is an American audio equipment manufacturer headquartered in Santa Barbara, California.Sonos, Inc. 是一家美国音频设备制造商，总部位于加利福尼亚州圣巴巴拉。
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Value价值
Below market低于市场
Profitability盈利能力
Above market高于市场
Quality质量
Above market高于市场
Investment资本投入
Above market高于市场
Shareholder payout股东回报
Below market低于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Below market低于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Below market低于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
- Receivables stretch
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Valuation vs sector估值对比行业
| Multiple指标 | This stock本股 | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| Price / Book市净率 | 4.5× | 3.1× | 37% |
| Price / Sales市销率 | 1.4× | 1.4× | 49% |
| EV / EBITDAEV/EBITDA | 153.3× | 11.9× | 0% |
| Earnings yield盈利收益率 | -3.1% | 4.7% | 7% |
| Free-cash-flow yield自由现金流收益率 | 6.9% | 7.9% | 40% |
| Shareholder yield股东综合回报率 | 4.1% | 4.1% | 50% |
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
67/100 — middle of the pack居中
vs market, 3 months相对大盘（3个月）
69/100 — middle of the pack居中
vs market, 6 months相对大盘（6个月）
46/100 — middle of the pack居中
vs market, 12 months相对大盘（12个月）
67/100 — middle of the pack居中
Rank in sector行业内排名
#66 / 212
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | +7.4% | +1.2% |
| 1 Month近1月 | +9.0% | +3.5% |
| 3 Months近3月 | +11.9% | +5.2% |
| 6 Months近6月 | +7.0% | +14.4% |
| Year to date年初至今 | -5.1% | +14.2% |
| 1 Year近1年 | +24.0% | +21.6% |
| 3 Years近3年 | +18.6% | +79.7% |
Trading information交易信息
Beta vs market贝塔
1.19
Volatility rank波动率分位
96th pctile
Short interest空头占比
8.1% of float
Market cap市值
$2B
EPS (trailing)每股收益
$-0.51
Off 52-week high距52周高点
-13.4%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $1.3B | $1.7B | $1.8B | $1.7B | $1.5B | $1.4B |
| EPS每股收益 | $-0.18 | $1.13 | $0.49 | $-0.08 | $-0.31 | $-0.51 |
| Free cash flow自由现金流 | $129M | $208M | $-74M | $50M | $135M | $108M |
| Gross margin毛利率 | 43.1% | 47.2% | 45.4% | 43.3% | 45.4% | 43.7% |
| Net margin净利率 | -1.5% | 9.2% | 3.8% | -0.6% | -2.5% | -4.2% |
| FCF margin自由现金流利润率 | 9.7% | 12.1% | -4.3% | 3.0% | 8.9% | 7.5% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$1.4B
Gross profit毛利润
$631M
Net income净利润
$-61M
Operating cash flow经营现金流
$137M
Total assets总资产
$948M
Shareholder equity股东权益
$443M
Buybacks股票回购
$81M
Shares outstanding总股本
0.12B
Returns & growth回报与增长
Return on equity股本回报率
-13.8%
Return on assets资产回报率
-6.5%
Asset growth资产增速
-1.6%
Accounting quality checks会计质量检查
- Earnings quality: earnings cash-backed盈利质量：盈利有现金支撑
- Working capital: working capital roughly in line with sales营运资本：营运资本与销售大致同步
- Pricing power: strong gross profitability vs peers定价能力：毛利能力强于同业
- Capital discipline: share count +6.9% over 6 years (dilution)资本纪律：股本 6 年增加 6.9%（稀释）
- Balance sheet: Altman Z 4.14 — safe zone资产负债表：Altman Z 4.14——安全区
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
58
RSI (2-day)RSI（2日）
89
vs 20-day average相对20日均线
+7.0%
vs 50-day average相对50日均线
+11.5%
vs 200-day average相对200日均线
+6.8%
Golden cross (50>200)金叉（50>200）
not in effect未生效
MACDMACD
above signal位于信号线上方
Timeframe alignment多周期共振
Daily日线
momentum up — fresh upturn动能向上——刚刚转强
3-day3日线
momentum up动能向上
Weekly周线
momentum up动能向上
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range state波幅状态
expanding — range opening up扩张中 — 波幅放大
Range width percentile波幅宽度分位
62/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Estimate revisions预期修正
Analysts covering覆盖分析师
1
Estimate direction预期调整方向
mostly cutting多数下调
Estimate change, 90 days预期变化（90天）
-5.1%
Net upgrades, 30 days净上调（30天）
-1
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
+$46.9M
Insider buyers vs sellers内部人买家vs卖家
3 : 0
Short interest空头占流通盘
8.1%
Days to cover回补天数
4.0
Short interest change空头变化
-12.8%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
Nov · 100%
Weakest month最弱月份
Jan · 0%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 0% | -8.8% | 3 |
| Feb2月 | 67% | +8.1% | 3 |
| Mar3月 | 33% | -13.1% | 3 |
| Apr4月 | 33% | -11.4% | 3 |
| May5月 | 67% | +6.9% | 3 |
| Jun6月 | 33% | -6.5% | 3 |
| Jul7月 | 75% | +3.2% | 4 |
| Aug8月 | 50% | +13.1% | 4 |
| Sep9月 | 67% | +1.1% | 3 |
| Oct10月 | 67% | +2.5% | 3 |
| Nov11月 | 100% | +9.2% | 3 |
| Dec12月 | 67% | +10.4% | 3 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。