Sonim Technologies Inc (NASDAQ: SONM) Stock: Does It Have Room To Grow?

In the last trading session, 9.4 million Sonim Technologies Inc (NASDAQ:SONM) shares changed hands as the company’s beta touched 1.84. With the company’s per share price at $0.69 changed hands at -$0.09 or -11.96% during last session, the market valuation stood at $12.24M. SONM’s last price was a discount, traded about -824.64% off its 52-week high of $6.38. The share price had its 52-week low at $0.60, which suggests the last value was 13.04% up since then. When we look at Sonim Technologies Inc’s average trading volume, we note the 10-day average is 1.82 million shares, with the 3-month average coming to 4.29 million.

Sonim Technologies Inc (NASDAQ:SONM) trade information

Instantly SONM was in red as seen at the end of in last trading. With action -1.39%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -86.36%, with the 5-day performance at -1.39% in the red. However, in the 30-day time frame, Sonim Technologies Inc (NASDAQ:SONM) is -51.39% down. 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 2025-Jul-17.

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.

Among Mutual Funds, the top two as of Mar 31, 2025 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Fidelity Concord Street Trust-Fidelity Extended Market Index Fund . With 44.52 shares estimated at $30725.0 under it, the former controlled 0.25% of total outstanding shares. On the other hand, Fidelity Concord Street Trust-Fidelity Extended Market Index Fund held about 0.08% of the shares, roughly 13.43 shares worth around $9270.0.

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