Sonim Technologies (SONM) Stock Price, News & Analysis

Company Overview

Sonim Technologies, Inc. provides ruggedized mobile phones and accessories for task workers. The company offers ruggedized mobile phones, such as Sonim XP10, Sonim XP5plus, Sonim XP3plus, and Sonim XP Pro; Sonim mobile hotspot; industrial-grade accessories. It sells its mobile phones and accessories primarily to wireless carriers in the United States and Canada; and sells wireless carrier channels through distribution channels in North America and Europe. The company serves transportation and logistics, construction, manufacturing, facilities management, energy and utility, mining, and public safety sectors. The company was formerly known as NaviSpin.com, Inc. and changed its name to Sonim Technologies, Inc. in December 2001. Sonim Technologies, Inc. was incorporated in 1999 and is headquartered in San Diego, California.

Key Stats

• Today's Range: $3.20 to $3.36
• 50-Day Range: $2.60 to $3.88
• 52-Week Range: $2.32 to $10.70
• Volume: 32,144 shs
• Average Volume: 26,702 shs
• Market Capitalization: $16.36 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Sonim Technologies Stock Analysis - MarketRank™

Sonim Technologies scored higher than 38% of companies evaluated by MarketBeat, and ranked 482nd out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Sonim Technologies.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Sonim Technologies are expected to grow in the coming year, from ($2.34) to $0.84 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sonim Technologies is -1.15, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sonim Technologies is -1.15, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Sonim Technologies has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.88% of the float of Sonim Technologies has been sold short.

Short Interest Ratio / Days to Cover

Sonim Technologies has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sonim Technologies has recently decreased by 38.68%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Sonim Technologies does not currently pay a dividend.

Dividend Growth

Sonim Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.88% of the float of Sonim Technologies has been sold short.

Short Interest Ratio / Days to Cover

Sonim Technologies has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sonim Technologies has recently decreased by 38.68%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.08

News Sentiment

Sonim Technologies has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Sonim Technologies this week, compared to 0 articles on an average week.

MarketBeat Follows

1 people have added Sonim Technologies to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Sonim Technologies insiders have not sold or bought any company stock.

Percentage Held by Insiders

49.75% of the stock of Sonim Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 3.26% of the stock of Sonim Technologies is held by institutions.

SONM Stock Analysis - Frequently Asked Questions

How have SONM shares performed this year?

Sonim Technologies' stock was trading at $7.3490 at the start of the year. Since then, SONM shares have decreased by 54.3% and is now trading at $3.36.
View the best growth stocks for 2024 here.

How were Sonim Technologies' earnings last quarter?

Sonim Technologies, Inc. (NASDAQ:SONM) posted its earnings results on Wednesday, November, 10th. The company reported ($13.10) EPS for the quarter, missing analysts' consensus estimates of ($7.00) by $6.10. The firm earned $14.45 million during the quarter, compared to analyst estimates of $16.10 million. Sonim Technologies had a negative net margin of 23.59% and a negative trailing twelve-month return on equity of 71.37%.

When did Sonim Technologies' stock split?

Shares of Sonim Technologies reverse split on the morning of Thursday, July 18th 2024. The 1-10 reverse split was announced on Thursday, July 18th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, July 18th 2024. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

When did Sonim Technologies IPO?

Sonim Technologies (SONM) raised $50 million in an initial public offering (IPO) on Friday, May 10th 2019. The company issued 3,600,000 shares at $13.00-$15.00 per share. Oppenheimer and Lake Street acted as the underwriters for the IPO and National Securities Corporation was co-manager.

How do I buy shares of Sonim Technologies?

Shares of SONM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Sonim Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sonim Technologies investors own include Block (SQ), Digital Turbine (APPS), Palantir Technologies (PLTR), CrowdStrike (CRWD), NVIDIA (NVDA), Canoo (GOEV) and SoFi Technologies (SOFI).

Company Calendar

• Last Earnings: 11/10/2021
• Today: 11/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Telephone & telegraph apparatus
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:SONM
• CUSIP: N/A
• CIK: 1178697
• Web: www.sonimtech.com
• Phone: (650) 378-8100
• Fax: N/A
• Employees: 67
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($2.93)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-90,000.00
• Net Margins: -23.59%
• Pretax Margin: -22.94%
• Return on Equity: -71.37%
• Return on Assets: -27.68%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.05
• Quick Ratio: 0.67

Sales & Book Value

• Annual Sales: $93.63 million
• Price / Sales: 0.17
• Cash Flow: $0.52 per share
• Price / Cash Flow: 6.49
• Book Value: $3.15 per share
• Price / Book: 1.07

Miscellaneous

• Outstanding Shares: 4,870,000
• Free Float: 2,448,000
• Market Cap: $16.36 million
• Optionable: Not Optionable
• Beta: 2.52