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NASDAQ:SONM

Sonim Technologies - SONM Stock Forecast, Price & News

$0.82
-0.03 (-3.55%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$0.76
$0.85
50-Day Range
$0.52
$0.89
52-Week Range
$0.48
$7.35
Volume
330,799 shs
Average Volume
475,900 shs
Market Capitalization
$15.73 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A

Sonim Technologies MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
9.11% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.45mentions of Sonim Technologies in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$17.15 M Bought Last Quarter
Proj. Earnings Growth
Growing
From ($1.30) to $0.10 Per Share

Overall MarketRank

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

1.66 out of 5 stars

Computer And Technology Sector

524th out of 667 stocks

Telephone & Telegraph Apparatus Industry

9th out of 13 stocks

SONM stock logo

About Sonim Technologies (NASDAQ:SONM) Stock

Sonim Technologies, Inc. provides ruggedized mobile phones and accessories for task workers. The company offers ruggedized mobile phones, such as Sonim XP8, Sonim XP5s, Sonim XP3, and Sonim XP3plus 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; and cloud-based software and application services. It sells its mobile phones and accessories primarily to wireless carriers in the United States and Canada; and sells ruggedized phones, barcode scanners, and accessories through distribution channels in North America, South America, and Europe. 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 based in Austin, Texas.

Sonim Technologies Trading Down 4.0 %

SONM opened at $0.82 on Thursday. The firm has a market cap of $15.73 million, a price-to-earnings ratio of -0.27 and a beta of 2.92. Sonim Technologies has a 12 month low of $0.48 and a 12 month high of $7.35. The stock has a fifty day moving average price of $0.64 and a 200-day moving average price of $0.68.

Insider Transactions at Sonim Technologies

In related news, major shareholder Ajp Holding Company, Llc purchased 5,534,881 shares of Sonim Technologies stock in a transaction dated Monday, August 8th. The stock was purchased at an average cost of $0.84 per share, with a total value of $4,649,300.04. Following the transaction, the insider now owns 19,463,452 shares in the company, valued at approximately $16,349,299.68. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, major shareholder Ajp Holding Company, Llc purchased 5,534,881 shares of Sonim Technologies stock in a transaction dated Monday, August 8th. The stock was purchased at an average cost of $0.84 per share, with a total value of $4,649,300.04. Following the transaction, the insider now owns 19,463,452 shares in the company, valued at approximately $16,349,299.68. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey Wang purchased 13,928,571 shares of Sonim Technologies stock in a transaction dated Wednesday, July 13th. The stock was bought at an average cost of $0.84 per share, with a total value of $11,699,999.64. Following the completion of the transaction, the director now owns 13,928,571 shares in the company, valued at approximately $11,699,999.64. The disclosure for this purchase can be found here. In the last three months, insiders purchased 20,415,833 shares of company stock valued at $17,149,300 and sold 24,759 shares valued at $13,665. Corporate insiders own 2.37% of the company's stock.

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SONM Stock News Headlines

Sonim Reports Second Quarter Financial Results
Here's Why Sonim Shares Are Trading Up Premarket
Sonim Reports First Quarter Financial Results
Sonim Technologies, Inc. (SONM)
See More Headlines
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SONM Company Calendar

Last Earnings
11/10/2021
Today
8/18/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
N/A
Current Symbol
NASDAQ:SONM
Fax
N/A
Employees
77
Year Founded
N/A

Profitability

Net Income
$-38,630,000.00
Pretax Margin
-61.05%

Debt

Sales & Book Value

Annual Sales
$54.57 million
Book Value
$0.36 per share

Miscellaneous

Free Float
18,812,000
Market Cap
$15.73 million
Optionable
Not Optionable
Beta
2.92














SONM Stock - Frequently Asked Questions

Should I buy or sell Sonim Technologies stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sonim Technologies in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SONM shares.
View SONM analyst ratings
or view top-rated stocks.

How have SONM shares performed in 2022?

Sonim Technologies' stock was trading at $0.9218 on January 1st, 2022. Since then, SONM shares have decreased by 11.5% and is now trading at $0.8162.
View the best growth stocks for 2022 here
.

When is Sonim Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our SONM earnings forecast
.

How were Sonim Technologies' earnings last quarter?

Sonim Technologies, Inc. (NASDAQ:SONM) issued its earnings results on Wednesday, November, 10th. The company reported ($1.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.70) by $0.61. The firm had revenue of $14.45 million for the quarter, compared to analyst estimates of $16.10 million. Sonim Technologies had a negative net margin of 65.77% and a negative trailing twelve-month return on equity of 264.64%.

When did Sonim Technologies' stock split?

Shares of Sonim Technologies reverse split on the morning of Thursday, September 16th 2021. The 1-10 reverse split was announced on Thursday, September 16th 2021. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, September 16th 2021. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

What is Bob Plaschke's approval rating as Sonim Technologies' CEO?

51 employees have rated Sonim Technologies Chief Executive Officer Bob Plaschke on Glassdoor.com. Bob Plaschke has an approval rating of 85% among the company's employees.

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).

When did Sonim Technologies IPO?

(SONM) raised $50 million in an initial public offering 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.

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 a number of institutional and retail investors. Top institutional shareholders include Millennium Management LLC (0.53%). Insiders that own company stock include Ajp Holding Company, Llc, Brc Partners Opportunity Fund,, Hao Peter Liu, Jeffrey Wang, Maurice Hochschild, Nokomis Capital, LLC, Robert L Tirva, Robert L Tirva and Thomas Wiley Wilkinson.
View institutional ownership trends
.

How do I buy shares of Sonim Technologies?

Shares of SONM 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 Sonim Technologies' stock price today?

One share of SONM stock can currently be purchased for approximately $0.82.

How much money does Sonim Technologies make?

Sonim Technologies (NASDAQ:SONM) has a market capitalization of $15.73 million and generates $54.57 million in revenue each year. The company earns $-38,630,000.00 in net income (profit) each year or ($3.05) on an earnings per share basis.

How can I contact Sonim Technologies?

Sonim Technologies' mailing address is 6836 Bee Cave Road Bldg. 1 S#279, Austin TX, 78746. The official website for the company is www.sonimtech.com. The company can be reached via phone at (650) 378-8100 or via email at sonm@gatewayir.com.

This page (NASDAQ:SONM) was last updated on 8/18/2022 by MarketBeat.com Staff

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