Why Should You Consider Adding Sonim Technologies Inc (SONM) To Your Portfolio?

Sonim Technologies Inc (NASDAQ:SONM) has a beta value of 2.07 and has seen 1.45 million shares traded in the last trading session. The company, currently valued at $17.39M, closed the last trade at $2.96 per share which meant it gained $0.82 on the day or 38.32% during that session. The SONM stock price is -261.49% off its 52-week high price of $10.70 and 36.82% above the 52-week low of $1.87. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.19 million shares traded. The 3-month trading volume is 116.09K shares.

Sonim Technologies Inc (NASDAQ:SONM) trade information

Sporting 38.32% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SONM stock price touched $2.96 or saw a rise of 12.68%. Year-to-date, Sonim Technologies Inc shares have moved -6.18%, while the 5-day performance has seen it change 29.82%. Over the past 30 days, the shares of Sonim Technologies Inc (NASDAQ:SONM) have changed 43.69%. Short interest in the company has seen 62077.0 shares shorted with days to cover at 1.66.

Sonim Technologies Inc (SONM) estimates and forecasts

The company’s shares have gained 0.68% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 78.25% over the past 5 years.

SONM Dividends

Sonim Technologies Inc is expected to release its next earnings report on 2024-Nov-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 62.01% of the company shares, while shares held by institutions stand at 1.53% with a share float percentage of 4.03%. Investors are also buoyed by the number of investors in a company, with Sonim Technologies Inc having a total of 11.0 institutions that hold shares in the company. The top two institutional holders are SICART ASSOCIATES LLC with over 0.41 million shares worth more than $0.41 million. As of 2024-06-30, SICART ASSOCIATES LLC held 0.942% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 0.3 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.3 million and represent 0.6948% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Dimensional ETF Trust-Dimensional US Small Cap Value ETF . As of Dec 31, 2024 , the former fund manager holds about 0.91% shares in the company for having 44.52 shares of worth $0.13 million while later fund manager owns 11.98 shares of worth $35457.0 as of Jan 31, 2025 , which makes it owner of about 0.25% of company’s outstanding stock.