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NASDAQ:SONMSonim Technologies Stock Price, Forecast & News

$1.09
+0.04 (+3.81 %)
(As of 08/10/2020 04:00 PM ET)
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Today's Range
$1.06
Now: $1.09
$1.17
50-Day Range
$0.80
MA: $0.88
$1.05
52-Week Range
$0.50
Now: $1.09
$8.94
Volume1.30 million shs
Average Volume776,991 shs
Market Capitalization$22.78 million
P/E RatioN/A
Dividend YieldN/A
Beta3.54
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; and cloud-based software and application services. Sonim Technologies, Inc. sells its mobile phones and accessories primarily to wireless carriers in the United States and Canada. 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 San Mateo, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.59 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

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

Employees403
Market Cap$22.78 million
Next Earnings Date8/12/2020 (Confirmed)
OptionableNot Optionable
$1.09
+0.04 (+3.81 %)
(As of 08/10/2020 04:00 PM 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 COVID-19 (Coronavirus)?

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 stock has increased by 18.2% and is now trading at $1.09.
View which stocks have been most impacted by Coronavirus
.

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonim Technologies in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Sonim Technologies
.

When is Sonim Technologies' next earnings date?

Sonim Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, August 12th 2020.
View our earnings forecast for Sonim Technologies
.

How can I listen to Sonim Technologies' earnings call?

Sonim Technologies will be holding an earnings conference call on Wednesday, August 12th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Sonim Technologies' earnings last quarter?

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

What guidance has Sonim Technologies issued on next quarter's earnings?

Sonim Technologies updated its second quarter 2020 Pre-Market earnings guidance on Tuesday, July, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $21.1-21.1 million, compared to the consensus revenue estimate of $14.9 million.

What price target have analysts set for SONM?

5 equities research analysts have issued 12 month price objectives for Sonim Technologies' stock. Their forecasts range from $2.00 to $6.00. On average, they expect Sonim Technologies' share price to reach $3.90 in the next year. This suggests a possible upside of 257.8% from the stock's current price.
View analysts' price targets for Sonim Technologies
.

Has Sonim Technologies been receiving favorable news coverage?

Media headlines about SONM stock have been trending positive on Tuesday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Sonim Technologies earned a news sentiment score of 2.8 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about Sonim Technologies
.

Are investors shorting Sonim Technologies?

Sonim Technologies saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 330,500 shares, a decrease of 11.0% from the December 31st total of 371,500 shares. Based on an average trading volume of 145,600 shares, the short-interest ratio is presently 2.3 days. Currently, 2.5% of the company's stock are sold short.
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 Acasti Pharma (ACST), SCYNEXIS (SCYX), Nabriva Therapeutics (NBRV), TherapeuticsMD (TXMD), Amplify Energy (AMPY), Amplify Energy (AMPY), Heat Biologics (HTBX), Outlook Therapeutics (OTLK), Proteostasis Therapeutics (PTI) and Matinas BioPharma (MTNB).

Who are Sonim Technologies' key executives?

Sonim Technologies' management team includes the following people:
  • Mr. Thomas Wiley Wilkinson, Chief Exec. Officer (Age 50)
  • Mr. Robert L. Tirva, Chief Financial Officer (Age 54)
  • Mr. Peter Liu, Exec. VP of Global Operations (Age 51)
  • Mr. Joseph T. Hooks, Chief People Officer & Chief Admin. Officer
  • Stephanie Sogawa, Legal Counsel

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 acted 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 retail and institutional investors. Top institutional investors include Phoenix Holdings Ltd. (17.08%). 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 major investors are buying Sonim Technologies stock?

SONM stock was bought by a variety of institutional investors in the last quarter, including Phoenix Holdings Ltd.. 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 $1.09.

How big of a company is Sonim Technologies?

Sonim Technologies has a market capitalization of $22.78 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.

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 S279, Austin TX, 78734. The company can be reached via phone at 650-378-8100 or via email at [email protected]

This page was last updated on 8/11/2020 by MarketBeat.com Staff

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