Let’s Put These Technical Indicators To Work: Voyager Therapeutics Inc. (VYGR), Sonos Inc. (SONO)

You should consider shares of Voyager Therapeutics Inc. (NASDAQ:VYGR) and Sonos Inc. (NASDAQ:SONO) if you are looking for a great stocks to invest in. Starting with the VYGR shares, which traded at $14.32 at the close of the recent session, gaining 8.48%. On Tuesday, the company’s shares shed $1.12 from its value which represented in intraday trading. The stock is now 25.61% higher in year-to-date (YTD) trading. VYGR’s intraday high was $14.48 while its lowest price touched $13.49. The stock’s 52-week high price is $28.79, which means the current price is at -50.26%. In terms of trading activity, the daily trading volume rose to 1602821 against 200-day average trading volume of 445,777 shares.

What are analyst forecasts for Voyager Therapeutics Inc. (NASDAQ:VYGR)?

At a consensus rating of 4.56, VYGR is trending as a streaking Strong Buy, as it has been the case a month ago when 9 analysts called it a Strong Buy. Two months ago, 9 analysts recommended, on average, that VYGR stock is a Strong Buy. The Healthcare company’s shares’ overall bullish trend saw it close lower on Tuesday compared to its opening price of $13.87 on the day.

Forecasts for Voyager Therapeutics Inc. (NASDAQ:VYGR) give the stock a fair value for the growth of 48.86% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $28.00, which means the price per share could rise by nearly $13.68. The price range target is between a low of $18.00 and a high of $43.00. The stock would need to gain by about $66.7 to hit the estimated high or 0.54% from its 12-month low.

The consensus among 12 analysts is that it is a good time for one to Buy in the Voyager Therapeutics Inc. 9 analysts rate VYGR as a Buy, with 0 of 12 analysts rate it as a Sell. 1 have valued the stock as Overweight and 2 have recommended that investors Hold.

Voyager Therapeutics Inc. (NASDAQ:VYGR) Upgrades and Downgrades

In terms of rating changes, Raymond James on November 15, 2018, Upgrade Voyager Therapeutics Inc. (VYGR) at Strong Buy. Analysts at BTIG Research have assigned a Buy rating for the stock in their research note on September 10, 2018 with an estimated price target of $32. Moreover, Morgan Stanley analysts issued a rating of Equal-Weight for the stock on September 10, 2018. On June 04, 2018, the stock earned a Buy rating due to an analyst call from H.C. Wainwright, while analysts from Wedbush on March 12, 2018 suggested that the stock is Neutral.

Sonos Inc. (NASDAQ:SONO) adds $0.21 on Tuesday

The SONO stock has risen 34.83% year-to-date and is currently trading at $13.24, which is -15.56% below its 52-week high. The company shares gained 1.61% on the day and have risen nearly 43.45% off a low hit. At current levels, Sonos Inc. has a valuation of about $1.26B. As of 12/03/19, this stock has fallen -14.36% during the week and closed at $13.03 in the previous session. However, recent Sonos Inc. stock performance shows that SONO shares are -1.34% down over the last month, and -9.99% down for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.4, with the trailing 12-month share earnings at -$0.08. The ratio is expected to be down by -120.00% for the current year 2019 and 290.90% for next year. But will the SONO stock surprise in the current quarter results, where the -$0.28 actual EPS reported on 9/29/2019 surprised by -27.30% or was lower by -$0.06 from the estimated -$0.22.

Sales Growth to climb 9.80% for the year

How well will Sonos Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $525.8M and $563.53M in current quarter sales. The consensus estimated for the current quarter is $545.49M from sales. Forecasts for this fiscal year are between $1.38B and $1.38B and the consensus estimate for sales is at $1.38B.

Who owns shares in Sonos Inc. (SONO)?

Let’s briefly focus on the share ownership of the Sonos Inc. (NASDAQ:SONO) stock, where we find that 49.98% of shares are held by institutions. Kohlberg Kravis Roberts & Co. L.P. tops the list of institutional owners as it is holding 21.85 million shares or 20.55% of shares outstanding. Index Venture Growth Associates I Ltd and Blackrock Inc. held 8.08 million and 4.56 million representing 7.60% and 4.29% respectively at the close of the last trading session. As of Sep 29, 2019, Vanguard Group, Inc. (The) accounted for 4.45 million shares at over 59.63 million. This represented 4.18% of shares outstanding. JP Morgan Chase & Company held 2.06 million shares at over 27.69 million representing 1.94% of shares outstanding.

SONO Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Sonos Inc. (SONO), a total of 46818 shares have been sold by insiders over the last 6 months while 259637 shares were added in the same time span. On 5/16/2019, Director by the name Index Ventures Uk Llp sold 517992.0 shares worth $5.4 million at the price of $10.51 per share. Filings also show that Index Ventures Sa sold a total of 428681.0 shares on 2/22/2019 valued at $4.8 million. Since the last insider activity, the company’s share price has climbed 16.65%.