Sonim Technologies Inc (SONM) stock forecast: Can it reach its 52-week high of $10.70

A share price of Sonim Technologies Inc [SONM] is currently trading at $2170000.0, up 682771%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SONM shares have gain 24.51% over the last week, with a monthly amount glided 25.74%, 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 $0.85 and $10.70. Sonim Technologies Inc [NASDAQ: SONM] shares were valued at $2170000.0 at the most recent close of the market.

Analyzing the SONM fundamentals

Trailing Twelve Months sales for Sonim Technologies Inc [NASDAQ:SONM] were 58.24M which represents -0.33% decline. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at -0.52%, Pretax Profit Margin comes in at -0.52%, and Net Profit Margin reading is -0.52%. To continue investigating profitability, this company’s Return on Assets is posted at -0.84, Equity is -4.65 and Total Capital is -23.66.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Sonim Technologies Inc [NASDAQ:SONM] is 0.78. Further, the Quick Ratio stands at 0.53, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.20.

Transactions by insiders

Recent insider trading involved Becher Charles, that happened on Apr 23 ’25 when 31326.0 shares were sold. Director, MULICA MICHAEL C completed a deal on Apr 23 ’25 to sell 27818.0 shares. Meanwhile, Chief Financial Officer Crolius Clayton sold 11634.0 shares on Apr 23 ’25.

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