Sonim Technologies Inc (NASDAQ: SONM): The Stock For Success Over The Next Few Months

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In the last trading session, 1.0 million Sonim Technologies Inc (NASDAQ:SONM) shares changed hands as the company’s beta touched 1.85. With the company’s per share price at $1.59 changed hands at -$0.21 or -11.67% during last session, the market valuation stood at $10.05M. SONM’s last price was a discount, traded about -572.96% off its 52-week high of $10.70. The share price had its 52-week low at $1.71, which suggests the last value was -7.55% down since then. When we look at Sonim Technologies Inc’s average trading volume, we note the 10-day average is 0.66 million shares, with the 3-month average coming to 194.24K.

Sonim Technologies Inc (NASDAQ:SONM) trade information

Instantly SONM was in red as seen at the end of in last trading. With action -25.70%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -49.60%, with the 5-day performance at -25.70% in the red. However, in the 30-day time frame, Sonim Technologies Inc (NASDAQ:SONM) is -25.70% down. Looking at the short shares, we see there were 62077.0 shares sold at short interest cover period of 1.66 days.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 44.78%.

SONM Dividends

Sonim Technologies Inc is expected to release its next quarterly earnings report on 2024-Nov-12.

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

If we look at who the major shareholders are, we find that insiders hold 62.01% of Sonim Technologies Inc shares while 1.53% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 4.03%. There are 1.53% institutions holding the Sonim Technologies Inc stock share, with SICART ASSOCIATES LLC the top institutional holder. As of 2024-06-30, the company held 0.942% of the shares, roughly 0.41 million SONM shares worth $0.41 million.

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

Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Dimensional ETF Trust-Dimensional US Small Cap Value ETF . With 44.52 shares estimated at $70782.0 under it, the former controlled 0.70% of total outstanding shares. On the other hand, Dimensional ETF Trust-Dimensional US Small Cap Value ETF held about 0.19% of the shares, roughly 11.98 shares worth around $19046.0.