NASDAQ:SONMSonim Technologies Stock Price, Forecast & News

Sonim Technologies' stock was trading at $0.9221 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SONM shares have increased by 0.8% and is now trading at $0.9299. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonim Technologies in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Sonim Technologies.

Sonim Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Sonim Technologies.

Sonim Technologies Inc (NASDAQ:SONM) issued its quarterly earnings results on Thursday, May, 14th. The company reported ($0.48) EPS for the quarter, missing the Zacks' consensus estimate of ($0.25) by $0.23. The business had revenue of $12.71 million for the quarter, compared to analysts' expectations of $18 million. Sonim Technologies had a negative net margin of 30.40% and a negative return on equity of 93.18%. View Sonim Technologies' earnings history.

6 equities research analysts have issued 12 month price targets for Sonim Technologies' shares. Their forecasts range from $2.00 to $18.00. On average, they expect Sonim Technologies' stock price to reach $6.25 in the next year. This suggests a possible upside of 572.1% from the stock's current price. View analysts' price targets for Sonim Technologies.

News coverage about SONM stock has trended somewhat positive on Thursday, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Sonim Technologies earned a daily sentiment score of 1.6 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutSonim Technologies.

Sonim Technologies saw a increase in short interest in May. As of May 15th, there was short interest totaling 303,200 shares, an increase of 50.1% from the April 30th total of 202,000 shares. Based on an average trading volume of 431,300 shares, the days-to-cover ratio is currently 0.7 days. Approximately 2.3% of the shares of the stock are short sold. View Sonim Technologies' Current Options Chain.

Some companies that are related to Sonim Technologies include Franklin Wireless (FKWL), Communications Systems (JCS), Zoom Telephonics (ZMTP), AltiGen Communications (ATGN), Clearone (CLRO), Westell Technologies (WSTL), Sunworks (SUNW), One Horizon Group (OHGI), MER Telemanagement Solutions (MTSL), Zoom Technologies (ZOOM), Alvarion (ALVRQ), Electronic Tele-Communications (ETCIA) and Lattice (LTTC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sonim Technologies investors own include Amplify Energy (AMPY), Amplify Energy (AMPY), Outlook Therapeutics (OTLK), Heat Biologics (HTBX), TherapeuticsMD (TXMD), Dynavax Technologies (DVAX), Johnson & Johnson (JNJ), Nabriva Therapeutics (NBRV), Vaxart (VXRT) and Acasti Pharma (ACST).

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

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

Sonim Technologies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (0.88%), Private Advisors LLC (0.84%), Alambic Investment Management L.P. (0.58%), State Street Corp (0.42%) and Oppenheimer & Co. Inc. (0.21%). Company insiders that own Sonim Technologies stock include Brc Partners Opportunity Fund,, John Kneuer, Nokomis Capital, LLC and Robert Plaschke. View institutional ownership trends for Sonim Technologies.

SONM stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Oppenheimer & Co. Inc., and Alambic Investment Management L.P.. View insider buying and selling activity for Sonim Technologies.

SONM stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, and Private Advisors LLC. Company insiders that have bought Sonim Technologies stock in the last two years include Brc Partners Opportunity Fund,, and John Kneuer. View insider buying and selling activity for 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.

One share of SONM stock can currently be purchased for approximately $0.93.

Sonim Technologies has a market capitalization of $19.35 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 403 workers across the globe.

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

Sonim Technologies' mailing address is 6836 Bee Cave Road Bldg. 1 S279, Austin TX, 78734. The company can be reached via phone at 650-378-8100 or via email at [email protected]