In last trading session, Sonim Technologies Inc (NASDAQ:SONM) saw 0.57 million shares changing hands with its beta currently measuring 2.41. Company’s recent per share price level of $0.51 trading at -$0.02 or -2.85% at ring of the bell on the day assigns it a market valuation of $22.25M. That closing price of SONM’s stock is at a discount of -154.9% from its 52-week high price of $1.30 and is indicating a premium of 7.84% from its 52-week low price of $0.47. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.2 million shares which gives us an average trading volume of 83.13K if we extend that period to 3-months.
Sonim Technologies Inc (NASDAQ:SONM) trade information
Upright in the red during last session for losing -2.85%, in the last five days SONM remained trading in the red while hitting it’s week-highest on Monday, 04/08/24 when the stock touched $0.51 price level, adding 17.53% to its value on the day. Sonim Technologies Inc’s shares saw a change of -29.92% in year-to-date performance and have moved -14.17% in past 5-day. Sonim Technologies Inc (NASDAQ:SONM) showed a performance of -23.31% in past 30-days. Number of shares sold short was 0.12 million shares which calculate 1.39 days to cover the short interests.
Sonim Technologies Inc (SONM) estimates and forecasts
This year revenue growth is estimated to rise 26.00% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $18 million for the same. And 1 analysts are in estimates of company making revenue of $25 million in the next quarter that will end on Jun 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 78.17% during past 5 years.
SONM Dividends
Sonim Technologies Inc is more likely to be releasing its next quarterly report in May and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Sonim Technologies Inc (NASDAQ:SONM)’s Major holders
Insiders are in possession of 8.39% of company’s total shares while institution are holding 3.25 percent of that, with stock having share float percentage of 3.54%. Investors also watch the number of corporate investors in a company very closely, which is 3.25% institutions for Sonim Technologies Inc that are currently holding shares of the company. EAM Investors, LLC is the top institutional holder at SONM for having 1.02 million shares of worth $1.17 million. And as of Jun 29, 2023, it was holding 2.47% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 0.3 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.72% of outstanding shares, having a total worth of $0.34 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Micro Cap ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.24 million shares of worth $0.28 million or 0.58% of the total outstanding shares. The later fund manager was in possession of 62339.0 shares on Aug 30, 2023, making its stake of worth around $42016.0 in the company or a holder of 0.15% of company’s stock.
