Sonim Technologies Inc [NASDAQ: SONM] gained 10.20% on the last trading session, reaching $3.78 price per share at the time.
If compared to the average trading volume of 23.60K shares, SONM reached a trading volume of 3328662 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $8.00 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 2.00. 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 0.53, with the Price to Sales ratio for SONM stock in the period of the last 12 months amounting to 0.32. The Price to Book ratio for the last quarter was 1.20, with the Price to Cash per share for the same quarter was set at 1.86.
Trading performance analysis for SONM stock
Sonim Technologies Inc [SONM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.38. With this latest performance, SONM shares gained by 0.08% in over the last four-week period, additionally sinking by -25.31% over the last 6 months – not to mention a drop of -48.69% 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 59.56, with the RSI for the last a single of trading hit 63.11, and the three-weeks RSI is set at 57.44 for Sonim Technologies Inc [SONM]. The present Moving Average for the last 50 days of trading for this stock 3.36, while it was recorded at 3.54 for the last single week of trading, and 4.24 for the last 200 days.
Sonim Technologies Inc [SONM]: A deeper dive into fundamental analysis
Sonim Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.67 and a Current Ratio set at 1.05.
An analysis of Institutional ownership at Sonim Technologies Inc [SONM]
There are presently around $2.06%, or 2.38%% of SONM stock, in the hands of institutional investors. The top three institutional holders of SONM stocks are: SICART ASSOCIATES LLC with ownership of 0.41 million shares, which is approximately 0.942%. VANGUARD GROUP INC, holding 0.3 million shares of the stock with an approximate value of $$0.3 million in SONM stocks shares; and VANGUARD GROUP INC, currently with $$0.2 million in SONM stock with ownership which is approximately 0.4725%.
