Stock Price Performance And Outlook Of Sonim Technologies Inc

In the last trading session, 3.28 million Sonim Technologies Inc (NASDAQ:SONM) shares changed hands as the company’s beta touched 1.99. With the company’s per share price at $1.42 changed hands at -$0.34 or -19.32% during last session, the market valuation stood at $14.68M. SONM’s last price was a discount, traded about -639.44% off its 52-week high of $10.50. The share price had its 52-week low at $0.85, which suggests the last value was 40.14% up since then. When we look at Sonim Technologies Inc’s average trading volume, we note the 10-day average is 22.98 million shares, with the 3-month average coming to 3.88 million.

Sonim Technologies Inc (NASDAQ:SONM) trade information

Instantly SONM was in red as seen at the end of in last trading. With action 11.81%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -86.35%, with the 5-day performance at 11.81% in the green. However, in the 30-day time frame, Sonim Technologies Inc (NASDAQ:SONM) is 51.06% up. Looking at the short shares, we see there were 0.24 million shares sold at short interest cover period of 0.69 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-13.

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

If we look at who the major shareholders are, we find that insiders hold 43.78% of Sonim Technologies Inc shares while 1.21% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 2.16%. There are 1.21% 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.