Sonim Technologies Inc. (NASDAQ:SONM)’s traded shares stood at 3.35 million during the last session. At the close of trading, the stock’s price was $3.72, to imply an increase of 0.30% or $0.01 in intraday trading. The SONM share’s 52-week high remains $17.00, putting it -356.99% down since that peak but still an impressive 5.11% since price per share fell to its 52-week low of $3.53. The company has a valuation of $305.15M, with an average of 37.45 million shares in intraday trading volume over the past 10 days and average of 872.40K shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Sonim Technologies Inc. (SONM), translating to a mean rating of 2.30. Of 2 analyst(s) looking at the stock, 0 analyst(s) give SONM a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.07.
Sonim Technologies Inc. (NASDAQ:SONM) trade information
After registering a 0.30% upside in the last session, Sonim Technologies Inc. (SONM) has traded red over the past five days. The stock hit a weekly high of 7.3500 this Thursday, 09/16/21, jumping 0.30% in its intraday price action. The 5-day price performance for the stock is -36.95%, and -3.63% over 30 days. With these gigs, the year-to-date price performance is -48.62%. Short interest in Sonim Technologies Inc. (NASDAQ:SONM) saw shorts transact 0.64 million shares and set a 0.11 days time to cover.
Analysts on Wall Street suggest a consensus price target of $20.00, implying an increase of 81.4% to the stock’s current value. The extremes give us $20.00 and $20.00 for target low and target high price respectively. As such, SONM has been trading -437.63% off suggested target high and -437.63% from its likely low.
Sonim Technologies Inc. (SONM) estimates and forecasts
Looking at statistics comparing Sonim Technologies Inc. share performance against respective industry, we note that the company has outperformed competitors. Sonim Technologies Inc. (SONM) shares are -60.60% down over the last 6 months, with its year-to-date growth rate higher than industry average at 49.23% against 13.30%. Revenue is forecast to grow 30.00% this quarter before falling -20.00% for the next one. The rating firms project that company’s revenue will shrink -5.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is $16.57 million. Meanwhile, for the quarter ending Dec 2021, a total of 3 analyst(s) estimate revenue growth to $18.73 million.Earnings reports from the last fiscal year show that sales brought in $18.17 million and $15.84 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -8.80% before jumping 18.30% in the following quarter.
Sonim Technologies Inc. has its next earnings report out between August 10 and August 16. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Sonim Technologies Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Sonim Technologies Inc. (NASDAQ:SONM)’s Major holders
Sonim Technologies Inc. insiders hold 6.13% of total outstanding shares, with institutional holders owning 36.18% of the shares at 38.55% float percentage. In total, 36.18% institutions holds shares in the company, led by B. Riley Financial, Inc. As of Mar 30, 2021, the company held over 10.44 million shares (or 15.59% of shares), all amounting to roughly $8.56 million.
The next major institution holding the largest number of shares is Renaissance Technologies, LLC with 2.3 million shares, or about 3.43% of shares outstanding. As of the market price on Mar 30, 2021, these shares were worth $1.89 million.
We also have 180 Degree Capital Corp and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Sonim Technologies Inc. (SONM) shares. Going by data provided on Mar 30, 2021, 180 Degree Capital Corp holds roughly 6.05 million shares. This is just over 9.03% of the total shares, with a market valuation of $4.96 million. Data from the same date shows that the other fund manager holds a little less at 0.62 million, or 0.93% of the shares, all valued at about 0.51 million.