The stock of Sonim Technologies Inc. (NASDAQ:SONM) decreased by -$0.03 on Tuesday to $0.52, down -4.67 percent. The last five days have seen an average of 1,454,121 shares of common stock traded. 23 times new highs were reached in the current year, with a gain of $0.1354. The average number of shares traded over the last 20 days was 732,745, while the average volume over the last 50 days totaled 454,040.
SONM stock dropped -52.35% since last month. On 08/11/23, the company’s shares reached a one-month low of $0.5161. The stock touched a high of $1.30 on 06/21/23, after rallying from a low of $0.40 in 52 weeks. The price of SONM stock has risen by 23.40% or $0.1354 this year, reaching a new high 23 times. Still, the stock price is down -59.68% from the 52-week high.
Insider Transactions
SONM stock investors should be aware that Sonim Technologies Inc. (SONM) stock had its last reported insider trading activity 144 days ago on Mar 24. On Mar 24, Director Howe Alan B acquired 1,818 shares at $0.60 each. This transaction resulted in the insider spending $1,091.
Valuation Metrics
Beta for the stock is 2.76. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.26, the price-to-book (PB) ratio of 1.03.
Financial Health
For the three months ended September 29, Sonim Technologies Inc.’s quick ratio was 1.20, while its current ratio was 1.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 17.30% percent. Sonim Technologies Inc.’s EBITDA margin for the year ended September 29 was -18.02%, whereas its operating margin stood at -7.40% for the same period. Based on annual data, it had gross profit of $11.62 million and revenue of $69.83 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SONM’s return on assets (ROA) during the last 12 months has been -14.10%. There was a -68.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -38.90%.
Earnings Surprise
According to Sonim Technologies Inc.’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $25.8 million, while revenues rose by 48.6% to $24.12 million. It was predicted that Sonim Technologies Inc.’s quarterly earnings would be -$1.31, but it ended up being -$0.7, beating the consensus by -87.10%. EBITDA was $0.9 million for the quarter. At the end of Sonim Technologies Inc.’s most recent quarter ended September 29, its liabilities totaled 31.11 million, while its total debt was $0.37 million. Equity owned by shareholders amounts to $40.99 million.
Technical Picture
Here’s a quick look at Sonim Technologies Inc.’s (SONM) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 14.36%, suggesting the stock is oversold, with a 185.47% historical volatility rate.
The stochastic %K and %D were 6.27% and 4.80% respectively, while the average true range (ATR) was 0.0751. Based on the 14-day stochastic reading of 7.55%, the RSI (14) reading is 17.04%. On the 9-day MACD Oscillator, the stock is at -0.0148, and the 14-day reading is at -0.1723.
Analyst Ratings
Sonim Technologies Inc. (NASDAQ: SONM) was downgraded by Oppenheimer to a a Perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Sonim Technologies Inc. (SONM) an Overweight rating. SONM is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is SONM’s price target for the next 12 months?
The current consensus forecast for the stock is between $20.00 and $20.00, with a median target price of $20.00. In analyzing these forecasts, the average price target given by analysts for Sonim Technologies Inc. (SONM) is $20.00.
