Sonim Technologies Inc (NASDAQ: SONM) Could Post Excellent Profits?

In the last trading session, 0.1 million shares of the Sonim Technologies Inc (NASDAQ:SONM) were traded, and its beta was 2.42. Most recently the company’s share price was $3.26, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $15.88M. SONM currently trades at a discount to its 52-week high of $10.70, offering almost -228.22% off that amount. The share price’s 52-week low was $2.32, which indicates that the current value has risen by an impressive 28.83% since then. We note from Sonim Technologies Inc’s average daily trading volume that its 10-day average is 0.4 million shares, with the 3-month average coming to 80.93K.

Sonim Technologies Inc (NASDAQ:SONM) trade information

The performance over the last five days has remained in the red territory. The rise to weekly highs of 6.38 on recent trading dayincreased the stock’s daily price by 48.9%. The company’s shares are currently up 3.33% year-to-date, but still down -9.94% over the last five days. On the other hand, Sonim Technologies Inc (NASDAQ:SONM) is -9.95% down in the 30-day period. We can see from the shorts that 41733.0 shares have been sold at a short interest cover period of 4.09 day(s).

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 78.25%.

SONM Dividends

Sonim Technologies Inc’s next quarterly earnings report is expected to be released in February.

Sonim Technologies Inc (NASDAQ:SONM)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 13.27% of Sonim Technologies Inc shares, and 2.06% of them are in the hands of institutional investors. The stock currently has a share float of 2.38%. Sonim Technologies Inc stock is held by 10.0 institutions, with SICART ASSOCIATES LLC being the largest institutional investor. By 2024-06-30, it held 0.942% of the shares, which is about 0.41 million shares worth $0.41 million.

VANGUARD GROUP INC, with 0.6948% or 0.3 million shares worth $0.3 million as of 2024-06-30, holds the second largest percentage of outstanding shares.