Sonim Technologies Inc [NASDAQ: SONM] price surged by 12.50 percent to reach at $2179998.88.
A sum of 75627645 shares traded at recent session while its average daily volume was at 2.18M shares. Sonim Technologies Inc shares reached a high of $1.75 and dropped to a low of $1.16 until finishing in the latest session at $2180000.0.
The one-year SONM stock forecast points to a potential downside of -27249900.0. The average equity rating for SONM stock is currently 2.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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.
SONM Stock Performance Analysis:
Sonim Technologies Inc [SONM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.27. With this latest performance, SONM shares gained by 32.63% in over the last four-week period, additionally sinking by -64.10% over the last 6 months – not to mention a drop of -60.06% in the past year of trading.
Insight into Sonim Technologies Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Sonim Technologies Inc [SONM] shares currently have an operating margin of -45.20% and a Gross Margin at 26.40%. Sonim Technologies Inc’s Net Margin is presently recorded at -52.00%.
Return on Equity for this stock declined to -77.31%, with Return on Assets sitting at -77.31%.
Sonim Technologies Inc [SONM] Institutonal Ownership Details
There are presently around $1.21%, or 2.16% 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%.
