Sonim Technologies Inc. (NASDAQ:SONM) saw a downside of -2.36% to close Friday at $2.07 after subtracting -$0.05 on the day. The 5-day average trading volume is 3,499,840 shares of the company’s common stock. It has gained $2.55 in the past week. An average of 2,811,764 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,803,528.
SONM’s 1-month performance is -64.92% or -$2.79 on its low of $2.02 reached on 10/08/21. The company’s shares have touched a 52-week low of $2.05 and high of $17.00, with the stock’s rally to the 52-week high happening on 02/16/21. YTD, SONM has lost -71.41% or -$5.17. However, the current price is down -87.82%% from the 52-week high price.
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On Sep 10, 31 days have gone by since the last insider trading activity for Sonim Technologies Inc. (SONM). TIRVA ROBERT L. (President, CFO and COO) most recently sold 6,417 shares at $0.67 per share on Sep 10. This transaction cost the insider $4,299. President, CFO and COO, TIRVA ROBERT L., sold 42,891 shares at a price of $0.64 on Jun 10.
Sonim Technologies Inc. (SONM) has a trailing price-to-earnings (P/E) ratio of 23.30 for the broader industry and 36.88 for the sector.SONM stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.33 while the price-to-book (PB) in the most recent quarter is 1.06.
Sonim Technologies Inc.’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.40 meaning that SONM stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.01, while the total debt to equity was 0.02. In terms of profitability, the gross margin trailing 12 months is 24.30%. The trailing 12-month EBITDA margin is -28.79% while for the period ending June 29; Sonim Technologies Inc.’s operating margin was -53.50%. The firm’s gross profit as reported stood at $15.21 million against revenue of $63.99 million.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -76.23% to $11.95 million, while revenue of $12.24 million was -2.43% off the previous quarter. Analysts expected SONM to announce -$1.03 per share in earnings in its latest quarter, but it posted -$1, representing a 2.90% surprise. EBITDA for the quarter stood at more than -$6.0 million. SONM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 27.91 million, with total debt at $0.29 million. Shareholders hold equity totaling $8.52 million
Let’s look briefly at Sonim Technologies Inc. (SONM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 17.93% to suggest the stock is trending oversold, with historical volatility in this time period at 38.48%.
The stock’s 5-day moving average is $2.18, reflecting a -18.50% or -$0.47 change from its current price. SONM is currently trading -66.18% above its 20-day SMA, -54.88% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -52.05% and -66.26% respectively.
Stochastic %K and %D was 3.40% and 2.41% and the average true range (ATR) pointed at 0.30. The RSI (14) points at 25.33%, while the 14-day stochastic is at 3.55% with the period’s ATR at 0.36. The stock’s 9-day MACD Oscillator is pointing at -0.32 and -0.57 on the 14-day charts.
In the most recent analyst report for Sonim Technologies Inc. (NASDAQ: SONM), Oppenheimer downgraded it to a Perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for SONM stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SONM as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is SONM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $20.00 and a high of $20.00, with their median price target at $20.00. Looking at these predictions, the average price target given by analysts is for Sonim Technologies Inc. (SONM) stock is $20.00.