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NASDAQ:SONMSonim Technologies Stock Price, Forecast & News

$0.89
+0.06 (+7.05 %)
(As of 06/4/2020 04:00 PM ET)
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Compare
Today's Range
$0.78
Now: $0.89
$0.93
50-Day Range
$0.77
MA: $0.89
$1.06
52-Week Range
$0.50
Now: $0.89
$18.26
Volume137,215 shs
Average Volume1.95 million shs
Market Capitalization$18.49 million
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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

1.60 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$18.49 million
Next Earnings Date7/22/2020 (Estimated)
OptionableNot Optionable

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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 (WHO). Since then, SONM shares have decreased by 3.6% and is now trading at $0.8885. View which stocks have been most impacted by Coronavirus.

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

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.

When is Sonim Technologies' next earnings date?

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

How were Sonim Technologies' earnings last quarter?

Sonim Technologies Inc (NASDAQ:SONM) issued its quarterly earnings data on Thursday, May, 14th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.25) by $0.23. The business had revenue of $12.71 million for the quarter, compared to the consensus estimate 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 price target have analysts set for SONM?

6 brokers 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 twelve months. This suggests a possible upside of 603.4% from the stock's current price. View analysts' price targets for Sonim Technologies.

Has Sonim Technologies been receiving favorable news coverage?

News articles about SONM stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by reviewing 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 nearest to five being the most favorable. Sonim Technologies earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news aboutSonim Technologies.

Are investors shorting Sonim 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 daily volume of 431,300 shares, the days-to-cover ratio is presently 0.7 days. Currently, 2.3% of the shares of the company are short sold. View Sonim Technologies' Current Options Chain.

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 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).

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 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 variety of retail and institutional 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.

Which institutional investors are selling Sonim Technologies stock?

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.

Which institutional investors are buying Sonim Technologies stock?

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.

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 $0.89.

How big of a company is Sonim Technologies?

Sonim Technologies has a market capitalization of $18.49 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 6/4/2020 by MarketBeat.com Staff

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