Alert: Negative Investment/Fundamental Signals (11/10/23)-Sleep Number Corp (NASDAQ: SNBR)

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Extremely significant negative changes in Sleep Number Corp (NASDAQ: SNBR) investment behavior have recently occurred: negative upside/downside volume developed, and the stock fell on very heavy volume.

Recent significant negative changes in fundamentals have affected Sleep Number Corp (NASDAQ: SNBR). Negative developments: significant quarterly sales deceleration occurred, the consensus estimate for December, 2023 decreased significantly, and the consensus estimate for December, 2024 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.

The stock is currently unrated.

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Current PriceTarget Research Rating

SNBR is expected to be a major Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.

Sleep Number is currently unrated.

Recent Price Action

On 11/10/23, Sleep Number Corp (NASDAQ: SNBR) stock declined by -1.6%, closing at $9.85. The stock has declined -36.4% during the last week and has been weak relative to the market over the last nine months.

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