Sonim Technologies Inc At $3.78: Buy, Sell Or Hold?

Sonim Technologies Inc (NASDAQ:SONM)’s traded shares stood at 3.33 million during the last session, with the company’s beta value hitting 2.41. At the close of trading, the stock’s price was $3.78, to imply an increase of 10.20% or $0.35 in intraday trading. The SONM share’s 52-week high remains $10.70, putting it -183.07% down since that peak but still an impressive 38.62% since price per share fell to its 52-week low of $2.32. The company has a valuation of $18.42M, with an average of 41020.0 shares in intraday trading volume over the past 10 days and average of 23.60K shares over the past 3 months.

Sonim Technologies Inc (NASDAQ:SONM) trade information

After registering a 10.20% upside in the last session, Sonim Technologies Inc (SONM) has traded red over the past five days. The 5-day price performance for the stock is 20.38%, and 0.08% over 30 days. With these gigs, the year-to-date price performance is 19.81%. Short interest in Sonim Technologies Inc (NASDAQ:SONM) saw shorts transact 41733.0 shares and set a 4.09 days time to cover.

SONM Dividends

Sonim Technologies Inc has its next earnings report out in February. 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 (NASDAQ:SONM)’s Major holders

Sonim Technologies Inc insiders hold 13.27% of total outstanding shares, with institutional holders owning 2.06% of the shares at 2.38% float percentage. In total, 2.06% institutions holds shares in the company, led by SICART ASSOCIATES LLC. As of 2024-06-30, the company held over 0.41 million shares (or 0.942% of shares), all amounting to roughly $0.41 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 0.3 million shares, or about 0.6948% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.3 million.

We also have Vanguard Total Stock Market Index Fund and Dimensional ETF Tr-Dimensional U.S. Small Cap Value ETF as the top two Mutual Funds with the largest holdings of the Sonim Technologies Inc (SONM) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 44.52 shares. This is just over 0.91% of the total shares, with a market valuation of $0.17 million. Data from the same date shows that the other fund manager holds a little less at 11.98, or 0.25% of the shares, all valued at about 45280.0.