Sonos (SONO) is a Great Momentum Stock: Should You Buy?

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling even higher [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Sonos (SONO) currently holding a Momentum Style Score of A [2][3] Group 2: Sonos Performance Metrics - Sonos shares have increased by 14.39% over the past week, outperforming the Zacks Audio Video Production industry, which rose by 4.58% [5] - Over the last month, Sonos shares have risen by 28.58%, compared to the industry's 11.63% [5] - In the last quarter, Sonos shares increased by 40.66%, while the S&P 500 only moved up by 8.58% [6] - Sonos shares gained 19.67% over the past year, compared to the S&P 500's 17.39% [6] Group 3: Trading Volume and Earnings Outlook - Sonos has an average 20-day trading volume of 2,664,673 shares, indicating bullish potential with rising stock prices [7] - In the past two months, one earnings estimate for Sonos has increased, raising the consensus estimate from $0.30 to $0.59 [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions [9] Group 4: Conclusion - Sonos is rated as a 2 (Buy) stock with a Momentum Score of A, making it a promising pick for near-term investment [11]