Sonim Technologies Stock Forecast, Price & News

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.
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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.

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

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.

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.

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.

Some companies that are related to Sonim Technologies include Sunworks (SUNW), Zoom Telephonics (ZMTP), Altigen Communications (ATGN), ClearOne (CLRO), Communications Systems (JCS), Westell Technologies (WSTL), AAP (AAPJ), Mer Telemanagement Solutions (MTSL), Live Microsystems (LMSC), One Horizon Group (OHGI), Touchpoint Group (TGHI), Zoom Technologies (ZOOM), ZOOM Technologies (ZTNO), Alvarion (ALVRQ) and Bogen Communications International (BOGN).
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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).

(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.

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

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.

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.

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.

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 $0.62.

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.

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

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]