A share price of Sonim Technologies Inc [SONM] is currently trading at $3.78, up 10.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The SONM shares have gain 20.38% over the last week, with a monthly amount glided 0.08%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Sonim Technologies Inc [NASDAQ: SONM] stock has seen the most recent analyst activity on October 31, 2019, when Oppenheimer downgraded its rating to a Perform. Previously, B. Riley FBR started tracking the stock with Buy rating on July 18, 2019, and set its price target to $17. On July 09, 2019, upgrade upgraded it’s rating to Buy. National Securities started tracking the stock assigning a Neutral rating. Oppenheimer initiated its recommendation with a Outperform and recommended $18 as its price target on June 04, 2019. Lake Street started tracking with a Buy rating for this stock on June 04, 2019, and assigned it a price target of $19.
Sonim Technologies Inc experienced fluctuations in its stock price throughout the past year between $2.32 and $10.70. Sonim Technologies Inc [NASDAQ: SONM] shares were valued at $3.78 at the most recent close of the market.
Analyzing the SONM fundamentals
Trailing Twelve Months sales for Sonim Technologies Inc [NASDAQ:SONM] were 56.74M which represents -45.51% decline. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at -0.23%, Pretax Profit Margin comes in at -0.23%, and Net Profit Margin reading is -0.24%. To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is -0.71 and Total Capital is -0.75.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.62 points at the first support level, and at 1.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.66, and for the 2nd resistance point, it is at 7.54.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Sonim Technologies Inc [NASDAQ:SONM] is 1.05. On the other hand, the Quick Ratio is 0.67, and the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 0.32, the price to book ratio is 1.20.
Transactions by insiders
Recent insider trading involved MULICA MICHAEL C, Director, that happened on Nov 13 ’24 when 2559.0 shares were sold. Director, Steenstra Jack completed a deal on Jul 19 ’24 to sell 1623.0 shares. Meanwhile, Director Cassano James S sold 1623.0 shares on Jul 19 ’24.
