In the last trading session, 1,263,771 Sonim Technologies, Inc.(NASDAQ:SONM) shares changed hands as the company’s beta touched 0. With the company’s per share price at $0.77 changed hands at $0.03 or 0.04% during last session, the market valuation stood at $50.75 Million. SONM’s last price was a discount, traded about -409.09% off its 52-week high of $3.92. The share price had its 52-week low at $0.42, which suggests the last value was 45.45% up since then. When we look at Sonim Technologies, Inc.’s average trading volume, we note the 10-day average is 1.59 Million shares, with the 3-month average coming to 1.02 Million.

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Analysts gave the Sonim Technologies, Inc. (SONM) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2.3. If we narrow down to specifics, the data shows that none out of 3 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 1 recommended SONM as a Hold, 2 felt it is a Buy and none rated the stock as Underweight. Sonim Technologies, Inc.’s EPS for the current quarter is expected to be -$0.14.

Instantly SONM was in green as seen at the end of in last trading. With action 3.52%, the performance over the past five days has been green. The jump to weekly highs of $0.77 on Tuesday, Jan 05 added 0.38% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.06%, with the 5-day performance at 0.11% in the green. However, in the 30-day time frame, Sonim Technologies, Inc. (NASDAQ:SONM) is 0.26% up. Looking at the short shares, we see there were 261.2 Million shares sold at short interest cover period of 256.08 days.

The consensus price target for the stock as assigned by Wall Street analysts is $2, meaning bulls need an upside of 159.74% from its current market value. According to analyst projections, SONM’s forecast low is $2 with $2 as the target high. To hit the forecast high, the stock’s price needs a +159.74% upsurge from its current level, while the stock would need to tank 159.74% for it to hit the projected low.

Sonim Technologies, Inc. (SONM) estimates and forecasts

Data shows that the Sonim Technologies, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value dive -4.14% over the past 6 months, a 31.78% in annual growth rate that is considerably higher than the industry average of -7.6%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Sonim Technologies, Inc. will rise +58.8%, while the growth in revenue is estimated to hit 77.1% for the next quarter. Year-over-year growth is forecast to reach -46.1% down from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $14.5 Million. 3 analysts are of the opinion that Sonim Technologies, Inc.’s revenue for the quarter ending March 01, 2021 will be $14.4 Million. The company’s revenue for the corresponding quarter a year ago was $17.17 Million. According to analysts, the company will likely register a drop in its current quarter sales, forecast at -15.6%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for Sonim Technologies, Inc. earnings to decrease by -205.3%, but the outlook for the next 5-year period is at 25% per year.

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

If we look at who the major shareholders are, we find that insiders hold 10.71% of Sonim Technologies, Inc. shares while 61.05% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 68.37%. There are 41 institutions holding the Sonim Technologies, Inc. stock share, with B. Riley Financial, Inc. the top institutional holder. As of Sep 29, 2020, the company held 17.86% of the shares, roughly 11.82 Million SONM shares worth $9.17 Million.

AWM Investment Company, Inc. holds the second largest percentage of outstanding shares, with 6.81% or 4.5 Million shares worth $3.5 Million as of Sep 29, 2020.

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Among Mutual Funds, the top two as of Sep 29, 2020 were 180 Degree Capital Corp and Bridgeway Funds Inc-Ultra Small Company Market Fund. With 6045229 shares estimated at $4.69 Million under it, the former controlled 9.14% of total outstanding shares. On the other hand, Bridgeway Funds Inc-Ultra Small Company Market Fund held about 0.37% of the shares, roughly 241.8 Thousand shares worth around $187.64 Thousand.

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