NASDAQ:SANG

Sangoma Technologies (SANG) Stock Forecast, Price & News

$3.70

+0.28 (+8.19%)

(As of 06/1/2023 ET)

Compare

Today's Range: $3.57
▼
$3.70
50-Day Range: $3.32
▼
$4.10
52-Week Range: $3.30
▼
$9.80

Volume: 3,167 shs
Average Volume: 10,364 shs
Market Capitalization: $88.42 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $13.25

Sangoma Technologies MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 258.1% Upside
$13.25 Price Target
Short Interest: Healthy
0.13% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.22) to ($0.04) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.25 out of 5 stars

Computer And Technology Sector

407th out of 1,226 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

29th out of 120 stocks

3.5

Analyst's Opinion

Consensus Rating
Sangoma Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.25, Sangoma Technologies has a forecasted upside of 258.1% from its current price of $3.70.
Amount of Analyst Coverage
Sangoma Technologies has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.13% of the float of Sangoma Technologies has been sold short.
Short Interest Ratio / Days to Cover
Sangoma Technologies has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Sangoma Technologies has recently decreased by 28.29%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Sangoma Technologies does not currently pay a dividend.
Dividend Growth
Sangoma Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SANG.

1.4

News and Social Media Coverage

News Sentiment
Sangoma Technologies has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
Search Interest
Only 1 people have searched for SANG on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sangoma Technologies insiders have not sold or bought any company stock.
Percentage Held by Insiders
14.00% of the stock of Sangoma Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 31.00% of the stock of Sangoma Technologies is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Sangoma Technologies are expected to grow in the coming year, from ($0.22) to ($0.04) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sangoma Technologies is -1.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sangoma Technologies is -1.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Sangoma Technologies has a P/B Ratio of 0.31. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Sangoma Technologies (NASDAQ:SANG) Stock

Sangoma Technologies Corp. engages in the provision of value-based Communications as a Service (CaaS) solutions for businesses. The firm's CaaS offerings include Unified Communications as a Service, Trunking as a Service, Contact Center as a Service, Communications Platform as a Service, Video Meetings as a Service, Collaboration as a Service, Desktop as a Service, and Access Control as a Service. The company was founded by David Mandelstam in 1984 and is headquartered in Markham, Canada.

Receive SANG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Sangoma Technologies and its competitors with MarketBeat's FREE daily newsletter.

SANG Stock News Headlines

May 15, 2023 | americanbankingnews.com

TD Securities Lowers Sangoma Technologies (NASDAQ:SANG) Price Target to C$9.50

May 11, 2023 | finance.yahoo.com

Sangoma Technologies Corporation (SANG) Reports Q3 Loss, Misses Revenue Estimates

June 1, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.

May 11, 2023 | finance.yahoo.com

Sangoma Announces Third Quarter Fiscal 2023 Results

May 10, 2023 | finance.yahoo.com

Telarus Joins Sangoma's Technology Solution Broker Channel Program

May 6, 2023 | marketwatch.com

Global "Sip Trunking Services Market" Growth and Outlook till 2023-2030

May 3, 2023 | marketwatch.com

Enterprise Media Gateways Sales Market Analysis and Forecast to 2031

April 26, 2023 | tmcnet.com

Frost & Sullivan's UCaaS Market Report Recognizes Sangoma

June 1, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

April 24, 2023 | marketwatch.com

SIP Trunking Service Market Overview and Scope By 2031

April 13, 2023 | marketwatch.com

SIP Trunking Service Market with Principles of a Good Research Report

April 11, 2023 | bizjournals.com

Houston tech company names Tampa Bay businesswoman its CEO

April 11, 2023 | bizjournals.com

Fast-growing tech company Liongard names new CEO, moves founder to different role

April 10, 2023 | theglobeandmail.com

Closing Bell: Sangoma Technologies Corp up on Monday (STC)

April 7, 2023 | marketwatch.com

SIP Trunking Service Market Size 2023 With Regional Scope, Report Coverage, Historic Data, Outlook 2030

April 5, 2023 | americanbankingnews.com

Head to Head Survey: Sangoma Technologies (NASDAQ:SANG) vs. GAN (NASDAQ:GAN)

April 4, 2023 | marketwatch.com

SIP Trunking Service Market 2023 Size Growing Rapidly with Recent Trends

April 3, 2023 | finance.yahoo.com

Session Initiation Protocol (SIP) Trunking Services Global Market Report 2023

March 29, 2023 | marketwatch.com

Sip Trunking Services Market Analysis - Industry Report, Trends 2029

March 29, 2023 | finance.yahoo.com

Sangoma Announces Filing of Form F-3 Resale Registration Statement and Associated Amendment to StarBlue Inc. Purchase Agreement

March 29, 2023 | finance.yahoo.com

Sangoma Announces Filing of Form F-3 Resale Registration Statement and Associated Amendment to StarBlue Inc. Purchase Agreement

March 24, 2023 | marketwatch.com

Future of On-Premise Phone System Market: Forecasting Trends and Opportunities 2023-2028

March 24, 2023 | marketwatch.com

Enterprise Media Gateways Market 2023 Expected to Reach Significant Rate by 2026

March 23, 2023 | marketwatch.com

CRISPR-PE Technology Market Size, Trends and Forecast 2028

March 22, 2023 | marketwatch.com

SIP Trunking Service Market Top Players by 2031

March 21, 2023 | marketwatch.com

Sip Trunking Services Market Share and Forecast till 2029

March 15, 2023 | marketwatch.com

The Future of SIP Trunking Service Market (2023-2029)-Worldwide Insights and Predictions

See More Headlines

SANG Price History

30 days | 90 days | 365 days | Advanced Chart

SANG Company Calendar

Today: 6/01/2023
Fiscal Year End: 6/30/2023
Next Earnings (Estimated): 9/25/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:SANG
CUSIP: N/A
CIK: 1753368
Web: www.sangoma.com
Phone: (905) 474-1990
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $13.25
High Stock Price Forecast: $20.00
Low Stock Price Forecast: $9.50
Forecasted Upside/Downside: +258.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($3.15)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-110,780,000.00
Net Margins: -41.63%
Pretax Margin: -39.55%
Return on Equity: -4.45%
Return on Assets: -2.68%

Debt

Debt-to-Equity Ratio: 0.32
Current Ratio: 0.83
Quick Ratio: 0.56

Sales & Book Value

Annual Sales: $255.15 million
Price / Sales: 0.35
Cash Flow: $0.80 per share
Price / Cash Flow: 4.65
Book Value: $12.10 per share
Price / Book: 0.31

Miscellaneous

Outstanding Shares: 23,896,000
Free Float: 20,551,000
Market Cap: $88.42 million
Optionable: Not Optionable
Beta: 0.69

Key Executives

Larry Stock
Chief Financial Officer

Nenad Corbic
Chief Technology Officer

Jamie Minner
Chief Revenue Officer

Jim Machi
Chief Product & Marketing Officer

David Hardy
Senior Vice President-Sales

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SANG Stock - Frequently Asked Questions

Should I buy or sell Sangoma Technologies stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sangoma Technologies in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SANG shares.
View SANG analyst ratings or view top-rated stocks.
What is Sangoma Technologies' stock price forecast for 2023?: 3 Wall Street research analysts have issued 12-month price objectives for Sangoma Technologies' shares. Their SANG share price forecasts range from $9.50 to $20.00. On average, they expect the company's stock price to reach $13.25 in the next year. This suggests a possible upside of 258.1% from the stock's current price.
View analysts price targets for SANG or view top-rated stocks among Wall Street analysts.
How have SANG shares performed in 2023?: Sangoma Technologies' stock was trading at $4.85 at the beginning of 2023. Since then, SANG stock has decreased by 23.7% and is now trading at $3.70.
View the best growth stocks for 2023 here.
Are investors shorting Sangoma Technologies?: Sangoma Technologies saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 25,100 shares, a drop of 28.3% from the April 30th total of 35,000 shares. Based on an average daily volume of 6,400 shares, the short-interest ratio is currently 3.9 days. Currently, 0.1% of the shares of the company are sold short.
View Sangoma Technologies' Short Interest.
When is Sangoma Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, September 25th 2023.
View our SANG earnings forecast.

What is Sangoma Technologies' stock symbol?: Sangoma Technologies trades on the NASDAQ under the ticker symbol "SANG."
Who are Sangoma Technologies' major shareholders?: Sangoma Technologies' stock is owned by a number of institutional and retail investors. Top institutional investors include Alberta Investment Management Corp (3.92%), Toronto Dominion Bank (1.67%) and Connor Clark & Lunn Investment Management Ltd. (0.10%).
How do I buy shares of Sangoma Technologies?: Shares of SANG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Sangoma Technologies' stock price today?: One share of SANG stock can currently be purchased for approximately $3.70.
How much money does Sangoma Technologies make?: Sangoma Technologies (NASDAQ:SANG) has a market capitalization of $88.42 million and generates $255.15 million in revenue each year. The company earns $-110,780,000.00 in net income (profit) each year or ($3.15) on an earnings per share basis.
How can I contact Sangoma Technologies?: Sangoma Technologies' mailing address is 100 Renfrew Drive, Markham, Ontario L3R 9R6. The official website for the company is www.sangoma.com. The company can be reached via phone at (905) 474-1990 or via email at ir@sangamo.com.

This page (NASDAQ:SANG) was last updated on 6/1/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial