Why Sleep Number Corp’s (SNBR) Stock Is Down 5.80% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Sleep Number Corp before investing.

In this article, we go over a few key elements for understanding Sleep Number Corp’s stock price such as:

Before we jump into Sleep Number Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Sleep Number Corporation is a wellness technology company. The Company is engaged in designing, manufacturing, marketing, and distribution of advanced sleep solutions. Its wellness technology platform helps solve sleep problems, whether it’s providing individualized temperature control for each sleeper through its Climate360 smart bed or applying its 24 billion hours of longitudinal sleep data and expertise to research with global institutions. Its smart beds provide unmatched features, benefits and comfort that can lead to improved sleep health and wellness for both sleepers. Its smart bed ecosystem includes a full line of FlexFit smart adjustable bases that seamlessly integrate with Sleep Number smart beds, for an individualized sleep experience that is proven to deliver restful sleep per night. The Sleep Number bedding collection and upholstered furniture line are designed to improve sleep comfort and quality, including pillows designed to fit each individual’s sleeping position.

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As of June 20, 2024, 4:00 PM, CST, Sleep Number Corp’s stock price was $10.71.

Sleep Number Corp is down 5.8% from its previous closing price of $11.37.

During the last market session, Sleep Number Corp’s stock traded between $11.34 and $12.57. Currently, there are 22.51 million shares of Sleep Number Corp stock available for purchase.

Unfortunately, Sleep Number Corp’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Sleep Number Corp’s (SNBR) price is currently down 29.17% so far this month.

During the month of June, Sleep Number Corp’s stock price has reached a high of $16.34 and a low of $10.66.

Over the last year, Sleep Number Corp has hit prices as high as $39.98 and as low as $9.00. Year to date, Sleep Number Corp’s stock is down 58.78%.

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Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 18, 2024, there were 0 analysts who downgraded Sleep Number Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Sleep Number Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Sleep Number Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Sleep Number Corp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Sleep Number Corp (SNBR) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 18, 2024, Sleep Number Corp has a weighted four-quarter relative price strength of -18.24%, which translates to a Momentum Score of 21 and is considered to be Weak.

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As of June 20, 2024, Sleep Number Corp’s stock price is $10.71, which is down 5.8% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Sleep Number Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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