SNBR Stock Summary and Trading Ideas (Sleep Number | NASDAQ:SNBR)

Sleep Number Corp. is a wellness technology company engaged in the design, manufacturing, marketing and distribution of sleep solutions. The Company generates revenue by marketing and selling its smart beds directly to new and existing customers through its vertically integrated, exclusive, direct-to-consumer retail touch points including Stores, Online, Phone, and Chat (Total Retail). The products offered by the company are Mattresses, Bedding, Pillows and Furniture.

Sleep Number trades on the NASDAQ stock market under the symbol SNBR.

As of April 24, 2024, SNBR stock price declined to $13.57 with 638,827 million shares trading.

SNBR has a beta of 1.04, meaning it tends to be more sensitive to market movements. SNBR has a correlation of 0.01 to the broad based SPY ETF.

SNBR has a market cap of $301.44 million. This is considered a Small Cap stock.

Last quarter Sleep Number reported $430 million in Revenue and -$.58 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.30.

In the last 3 years, SNBR stock traded as high as $121.98 and as low as $9.00.

The top ETF exchange traded funds that SNBR belongs to (by Net Assets): VTI, FNDA, IWM, VXF, PRFZ.

SNBR has underperformed the market in the last year with a price return of -45.5% while the SPY ETF gained +24.2%. However, in the short term, SNBR had mixed performance relative to the market. It has outperformed in the last 3 months, returning +16.0% vs +4.6% return in SPY. But in the last 2 weeks, SNBR shares have been beat by the market, returning -6.6% compared to an SPY return of -2.7%.

SNBR support price is $13.92 and resistance is $15.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SNBR stock will trade within this expected range on the day.