Sonim Technologies Inc. [SONM] fell -14.67% so far this year. What now?

Related

Share

Sonim Technologies Inc. [NASDAQ: SONM] traded at a high on 05/05/22, posting a 19.20 gain after which it closed the day’ session at $0.79. The company report on May 5, 2022 that Sonim Announces Purchase Orders from Top US Carrier for Next-Generation Rugged Phones.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored

Orders for Next Generation XP5 Plus and XP10 Smartphone in Summer and Fall 2022.

Sonim Technologies (Nasdaq: SONM) today announced purchase orders totalling $9.5 million from a top U.S. carrier customer. The purchase orders cover initial stocking inventory for two of the company’s next-generation ultra-rugged phones to be introduced in 2022 – the XP5 Plus feature phone with enhanced PTT capabilities and Sonim’s next-generation XP10 5G rugged smartphone.

The results of the trading session contributed to over 37266999 shares changing hands. Over the past one week, the price volatility of Sonim Technologies Inc. stands at 10.61% while the volatility over the past one month is 9.64%.

The market cap for SONM stock reached $14.69 million, with 16.19 million shares outstanding and 15.86 million shares in the current float. Compared to the average trading volume of 3.10M shares, SONM reached a trading volume of 37266999 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Sonim Technologies Inc. [SONM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SONM shares is $2.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SONM stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for Sonim Technologies Inc. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on October 31, 2019. While these analysts kept the previous recommendation, B. Riley FBR raised their target price to Buy. The new note on the price target was released on July 18, 2019, representing the official price target for Sonim Technologies Inc. stock.

The Average True Range (ATR) for Sonim Technologies Inc. is set at 0.07, with the Price to Sales ratio for SONM stock in the period of the last 12 months amounting to 0.27. The Price to Book ratio for the last quarter was 0.68, with the Price to Cash per share for the same quarter was set at 0.60.

How has SONM stock performed recently?

Sonim Technologies Inc. [SONM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 35.60. With this latest performance, SONM shares dropped by -5.23% in over the last four-week period, additionally sinking by -64.57% over the last 6 months – not to mention a drop of -86.67% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SONM stock in for the last two-week period is set at 56.65, with the RSI for the last a single of trading hit 64.34, and the three-weeks RSI is set at 53.11 for Sonim Technologies Inc. [SONM]. The present Moving Average for the last 50 days of trading for this stock 0.7651, while it was recorded at 0.6761 for the last single week of trading, and 1.8918 for the last 200 days.

Sonim Technologies Inc. [SONM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Sonim Technologies Inc. [SONM] shares currently have an operating margin of -56.13 and a Gross Margin at +12.67. Sonim Technologies Inc.’s Net Margin is presently recorded at -70.78.

Return on Equity for this stock declined to -164.23, with Return on Assets sitting at -84.52.

Sonim Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.70.

Earnings analysis for Sonim Technologies Inc. [SONM]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SONM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sonim Technologies Inc. go to 25.00%.

Insider trade positions for Sonim Technologies Inc. [SONM]

There are presently around $1 million, or 7.10% of SONM stock, in the hands of institutional investors. The top three institutional holders of SONM stocks are: MORGAN STANLEY with ownership of 1,298,383, which is approximately 2628.269% of the company’s market cap and around 3.40% of the total institutional ownership; VANGUARD GROUP INC, holding 267,851 shares of the stock with an approximate value of $0.18 million in SONM stocks shares; and QUADRATURE CAPITAL LTD, currently with $80000.0 in SONM stock with ownership of nearly New of the company’s market capitalization.

Positions in Sonim Technologies Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 12 institutional holders increased their position in Sonim Technologies Inc. [NASDAQ:SONM] by around 1,734,758 shares. Additionally, 10 investors decreased positions by around 111,328 shares, while 0 investors held positions by with 324,172 shares. The mentioned changes placed institutional holdings at 2,170,258 shares, according to the latest SEC report filing. SONM stock had 8 new institutional investments in for a total of 452,512 shares, while 6 institutional investors sold positions of 24,644 shares during the same period.