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NASDAQ:SONM

Sonim Technologies Stock Forecast, Price & News

$0.62
+0.01 (+1.63 %)
(As of 12/3/2020 12:00 AM ET)
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Today's Range
$0.60
Now: $0.62
$0.64
50-Day Range
$0.44
MA: $0.56
$0.64
52-Week Range
$0.42
Now: $0.62
$3.92
Volume328,750 shs
Average Volume811,995 shs
Market Capitalization$41.34 million
P/E RatioN/A
Dividend YieldN/A
Beta3.2
Sonim Technologies, Inc. provides ruggedized mobile phones and accessories for task workers. It offers ruggedized mobile phones, such as Sonim XP8, Sonim XP5s, and Sonim XP3 based on the Android platform that are capable of attaching to public and private wireless networks; industrial-grade accessories, including remote speaker microphones, multi-bay charging accessories, and in-vehicle hands-free voice communications solutions; cloud-based software and application services; and Rapid Deployment Kit, a portable communications system. Sonim Technologies, Inc. sells its mobile phones and accessories primarily to wireless carriers in the United States and Canada. The company serves transportation and logistics, construction, manufacturing, facilities management, energy and utility, and public sectors. The company was formerly known as NaviSpin.com, Inc. and changed its name to Sonim Technologies, Inc. in December 2001. Sonim Technologies, Inc. was incorporated in 1999 and is headquartered in Austin, Texas.

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.55 out of 5 stars


Industry, Sector and Symbol

Industry Telephone & telegraph apparatus
Sub-IndustryN/A
Current SymbolNASDAQ:SONM
CUSIPN/A
CIKN/A
Phone650-378-8100
Employees341

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$116.25 million
Book Value$1.25 per share

Profitability

Net Income$-25,830,000.00

Miscellaneous

Market Cap$41.34 million
Next Earnings Date3/10/2021 (Estimated)
OptionableNot Optionable
$0.62
+0.01 (+1.63 %)
(As of 12/3/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Sonim Technologies (NASDAQ:SONM) Frequently Asked Questions

How has Sonim Technologies' stock been impacted by Coronavirus (COVID-19)?

Sonim Technologies' stock was trading at $0.9221 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SONM stock has decreased by 32.2% and is now trading at $0.6248.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Sonim Technologies?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonim Technologies in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Sonim Technologies
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Sonim Technologies?

Wall Street analysts have given Sonim Technologies a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Sonim Technologies wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Sonim Technologies' next earnings date?

Sonim Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, March 10th 2021.
View our earnings forecast for Sonim Technologies
.

How were Sonim Technologies' earnings last quarter?

Sonim Technologies, Inc. (NASDAQ:SONM) issued its quarterly earnings results on Wednesday, November, 11th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.24) by $0.14. The business earned $14.39 million during the quarter, compared to analyst estimates of $18.20 million. Sonim Technologies had a negative net margin of 40.31% and a negative return on equity of 111.32%.
View Sonim Technologies' earnings history
.

What price target have analysts set for SONM?

4 brokerages have issued 1-year price targets for Sonim Technologies' shares. Their forecasts range from $2.00 to $3.00. On average, they expect Sonim Technologies' stock price to reach $2.50 in the next year. This suggests a possible upside of 300.1% from the stock's current price.
View analysts' price targets for Sonim Technologies
.

Are investors shorting Sonim Technologies?

Sonim Technologies saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 339,300 shares, an increase of 41.8% from the October 31st total of 239,200 shares. Based on an average daily trading volume, of 761,800 shares, the days-to-cover ratio is currently 0.4 days.
View Sonim Technologies' Short Interest
.

Who are some of Sonim Technologies' key competitors?

What other stocks do shareholders of Sonim Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sonim Technologies investors own include TherapeuticsMD (TXMD), Acasti Pharma (ACST), Outlook Therapeutics (OTLK), Nabriva Therapeutics (NBRV), SCYNEXIS (SCYX), Allena Pharmaceuticals (ALNA), electroCore (ECOR), Heat Biologics (HTBX), Matinas BioPharma (MTNB) and NIO (NIO).

Who are Sonim Technologies' key executives?

Sonim Technologies' management team includes the following people:
  • Mr. Thomas Wiley Wilkinson, CEO & Director (Age 50, Pay $373.08k)
  • Mr. Robert L. Tirva, Chief Financial Officer (Age 54, Pay $200k)
  • Mr. Peter Liu, Exec. VP of Global Operations (Age 51)
  • Mr. Joseph T. Hooks, Chief People Officer & Chief Admin. Officer
  • Stephanie Sogawa, Legal Counsel
  • Mr. Randy W. Denny, Chief Sales Officer (Age 60)
  • Mr. John M. Graff, Chief Marketing Officer (Age 55)
  • Mr. Bengt Jonassen, Sr. VP of Engineering (Age 56)
  • Katie Smith, Chief of Staff
  • Taruna Punj, Controller

When did Sonim Technologies IPO?

(SONM) raised $50 million in an IPO on Friday, May 10th 2019. The company issued 3,600,000 shares at a price of $13.00-$15.00 per share. Oppenheimer and Lake Street served as the underwriters for the IPO and National Securities Corporation was co-manager.

What is Sonim Technologies' stock symbol?

Sonim Technologies trades on the NASDAQ under the ticker symbol "SONM."

Who are Sonim Technologies' major shareholders?

Sonim Technologies' stock is owned by many different institutional and retail investors. Top institutional investors include AWM Investment Company Inc. (6.83%), Phoenix Holdings Ltd. (3.90%), Nokomis Capital L.L.C. (3.79%), Equitec Proprietary Markets LLC (2.95%), Manatuck Hill Partners LLC (2.28%) and Perkins Capital Management Inc. (0.91%). Company insiders that own Sonim Technologies stock include Brc Partners Opportunity Fund,, John Kneuer, Maurice Hochschild, Nokomis Capital, LLC, Robert L Tirva, Robert Plaschke and Thomas Wiley Wilkinson.
View institutional ownership trends for Sonim Technologies
.

Which institutional investors are selling Sonim Technologies stock?

SONM stock was sold by a variety of institutional investors in the last quarter, including AWM Investment Company Inc., Phoenix Holdings Ltd., and Nokomis Capital L.L.C.. Company insiders that have sold Sonim Technologies company stock in the last year include Nokomis Capital, LLC, and Robert L Tirva.
View insider buying and selling activity for Sonim Technologies
.

Which institutional investors are buying Sonim Technologies stock?

SONM stock was purchased by a variety of institutional investors in the last quarter, including Equitec Proprietary Markets LLC, Perkins Capital Management Inc., Squarepoint Ops LLC, Dynamic Advisor Solutions LLC, Manatuck Hill Partners LLC, Worth Venture Partners LLC, and Jane Street Group LLC. Company insiders that have bought Sonim Technologies stock in the last two years include Brc Partners Opportunity Fund,, John Kneuer, Maurice Hochschild, Robert L Tirva, and Thomas Wiley Wilkinson.
View insider buying and selling activity for Sonim Technologies
.

How do I buy shares of Sonim Technologies?

Shares of SONM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Sonim Technologies' stock price today?

One share of SONM stock can currently be purchased for approximately $0.62.

How big of a company is Sonim Technologies?

Sonim Technologies has a market capitalization of $41.34 million and generates $116.25 million in revenue each year. The company earns $-25,830,000.00 in net income (profit) each year or ($1.07) on an earnings per share basis. Sonim Technologies employs 341 workers across the globe.

What is Sonim Technologies' official website?

The official website for Sonim Technologies is www.sonimtech.com.

How can I contact Sonim Technologies?

Sonim Technologies' mailing address is 6836 Bee Cave Road Bldg. 1 S#279, Austin TX, 78746. The company can be reached via phone at 650-378-8100 or via email at [email protected]

This page was last updated on 12/4/2020 by MarketBeat.com Staff

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