Sonim Technologies Inc [NASDAQ: SONM] closed the trading session at $1.68.
The stocks have a year to date performance of -46.75 percent and weekly performance of 50.03 percent. The stock has been moved at -54.46 percent over the last six months. The stock has performed 76.84 percent around the most recent 30 days and changed -24.32 percent over the most recent 3-months.
If compared to the average trading volume of 295.81K shares, SONM reached to a volume of 112713321 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $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 0.21, with the Price to Sales ratio for SONM stock in the period of the last 12 months amounting to 0.27.
SONM stock trade performance evaluation
Sonim Technologies Inc [SONM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 50.03. With this latest performance, SONM shares gained by 76.84% in over the last four-week period, additionally sinking by -54.46% over the last 6 months – not to mention a drop of -76.14% in the past year of trading.
Sonim Technologies Inc [SONM]: An insightful look at the core fundamentals
Sonim Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.53 and a Current Ratio set at 0.78.
Sonim Technologies Inc [SONM]: Institutional Ownership
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%.
