Sonim Technologies Inc. (NASDAQ: SONM) is 15.33% higher on its value in year-to-date trading and has touched a low of $0.42 and a high of $1.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SONM stock was last observed hovering at around $0.85 in the last trading session, with the day’s loss setting it -0.02% off its average median price target of $2.00 for the next 12 months. It is also 58.5% off the consensus price target high of $2.00 offered by 3 analysts, but current levels are 58.5% higher than the price target low of $2.00 for the same period.
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Currently trading at $0.83, the stock is -9.22% and -17.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.5 million and changing -2.11% at the moment leaves the stock 1.07% off its SMA200. SONM registered 10.38% gain for a year compared to 6-month gain of 17.28%. The firm has a 50-day simple moving average (SMA 50) of $1.0162 and a 200-day simple moving average (SMA200) of $0.7893.
The stock witnessed a -11.17% loss in the last 1 month and extending the period to 3 months gives it a 12.69%, and is 3.84% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.93% over the week and 8.26% over the month.
Sonim Technologies Inc. (SONM) has around 263 employees, a market worth around $53.37M and $64.00M in sales. Profit margin for the company is -46.80%. Distance from 52-week low is 98.76% and -56.05% from its 52-week high. The company has generated returns on investments over the last 12 months (-99.80%).
Sonim Technologies Inc. (SONM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Sonim Technologies Inc. (SONM) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.30, where 1 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Sonim Technologies Inc. is expected to release its quarterly report on 07/28/2021 and quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $12.97M over the same period.The EPS is expected to grow by 53.40% this year, but quarterly earnings will post 2.30% year-over-year.
Sonim Technologies Inc. (SONM) Top Institutional Holders
32 institutions hold shares in Sonim Technologies Inc. (SONM), with 6.25M shares held by insiders accounting for 9.42% while institutional investors hold 58.17% of the company’s shares. The shares outstanding are 66.35M, and float is at 59.08M with Short Float at 1.35%. Institutions hold 52.69% of the Float.
The top institutional shareholder in the company is B. Riley Financial, Inc. with over 11.82 million shares valued at $8.56 million. The investor’s holdings represent 17.82% of the SONM Shares outstanding. As of Dec 30, 2020, the second largest holder is Equitec Proprietary Markets LLC with 3.56 million shares valued at $2.58 million to account for 5.37% of the shares outstanding. The other top investors are Phoenix Holdings Ltd. which holds 2.57 million shares representing 3.87% and valued at over $1.86 million, while Union Square Park Capital Management, LLC holds 2.58% of the shares totaling 1.71 million with a market value of $1.24 million.
Sonim Technologies Inc. (SONM) Insider Activity
A total of 18 insider transactions have happened at Sonim Technologies Inc. (SONM) in the last six months, with sales accounting for 18 and purchases happening 0 times. The most recent transaction is an insider sale by TIRVA ROBERT L. ,the company’sChief Financial Officer. SEC filings show that TIRVA ROBERT L. sold 7,826 shares of the company’s common stock on Sep 10 at a price of $0.86 per share for a total of $6695.0. Following the sale, the insider now owns 0.74 million shares.
Sonim Technologies Inc. disclosed in a document filed with the SEC on Jun 09 that Wilkinson Thomas Wiley (Chief Executive Officer) bought a total of 200,000 shares of the company’s common stock. The trade occurred on Jun 09 and was made at $0.75 per share for $0.15 million. Following the transaction, the insider now directly holds 0.73 million shares of the SONM stock.
Still, SEC filings show that on Jun 09, Hochschild Maurice (Director) acquired 15,000 shares at an average price of $0.75 for $11250.0. The insider now directly holds 134,000 shares of Sonim Technologies Inc. (SONM).