Sonim Technologies, Inc. (SONM) Stock: Here’s Why It’s Headed Down

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Sonim Technologies, Inc. (SONM) is making a move down in the market in today’s trading session. The stock, focused on the technology space, is presently priced at $11.68 after a move down of -8.89% so far in today’s session. When it comes to technology companies, there are several aspects that have the potential to cause price movement in the market. One of the most common is news. Here are the recent trending headlines surrounding SONM:

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Jul-24-19 06:18PM Sonim Technologies Phones In Mixed June-Quarter Results
04:05PM Sonim Technologies Reports Second Quarter and Six Month 2019 Financial Results
Jul-12-19 08:00AM Sonim Technologies Sets Second Quarter 2019 Earnings Call for Wednesday, July 24, 2019 at 5:00 p.m. ET
Jul-02-19 08:00AM Sonim Technologies Joins the Russell 3000® Index
Jun-25-19 11:01AM Sonim and ESChat Team Up to Launch Two Remote Speaker Microphone Solutions with Channel Selector for XP8 and XP5s

However, when making a decision with regard to investing, investors should take a look at far more than news, this is especially the case in the ever evolving tech space. Here’s what’s going on with Sonim Technologies, Inc..

Trends That We’ve Seen From SONM

While a decline in a single session, like the fall that we’re seeing from Sonim Technologies, Inc. might lead to fear in some investors, that by itself should not be the reason for a decision to, or not to, invest in a stock. It’s always important to look into trends beyond a single session. In the case of SONM, here are the movements that we’ve seen:

  • Past Seven Days – Throughout the past 5 trading sessions, SONM has produced a change in price that amounts to -10.29%.
  • Monthly – The return from Sonim Technologies, Inc. throughout the past 30 days works out to -8.54%.
  • Past Quarter – Over the past three months, the company has produced a return of 0
  • Past 6 Months – Throughout the past 6 months, we have seen a change that amounts to 0 from the company.
  • Year To Date – Since the the last trading session of last year SONM has generated a ROI of 6.28%.
  • Annually – Finally, throughout the last full year, we’ve seen a change of 0 from SONM. In this period, the stock has sold at a high price of -36.03% and a low price of 20.91%.

Important Ratios

Digging into a few ratios associated with a company can give traders an understanding of just how risky and/or rewarding a stock pick might be. Here are a few of the most important ratios to consider when looking at SONM.

Short Ratio – The short ratio is a measure of short interest. As the ratio goes higher, it shows that more investors have a belief that the stock is going to tumble. Throughout the sector, strong tech stocks tend to carry a lower short ratio. On the other hand, we also see quite a few short squeezes in the sector. Nonetheless, as it relates to Sonim Technologies, Inc., it’s short ratio clocks in at 0.67.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Basically, they measure the company’s abilities to pay its debts when they mature based on quick assets or current assets. In the technology industry, several companies are reliant on the continuation of support from investors as they work to bring new technologies to market, the current and quick ratios can look bad. However, quite a few better companies in the technology sector come with strong current and quick ratios. As far as SONM, the quick and current ratios total up to 0.60 and 1.20 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets that are owned by the company. In this particular case, the book to share value ratio equates to 1.72.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the price of the company’s stock. In the case of SONM, the cash to share value ratio is 0.47.

Is Big Money Interested In Sonim Technologies, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in SONM, here’s what we’re seeing:

  • Institutional Investors – Currently, institutions own 30.30% of Sonim Technologies, Inc.. Nonetheless, it is worth mentioning that the ownership held by institutions has seen a move of 5.80% over the last 3 months.
  • Insider Holdings – with regard to insiders, those close to the situation currently hold 8.40% of Sonim Technologies, Inc.. Insider ownership of the company has seen a change of 0 in the last 3 months.

How Analysts Feel About Sonim Technologies, Inc.

While it’s never a good idea to avoid doing your due diligence and blindly following the opinions of analysts, it is a good idea to use their thoughts to validate your own thoughts when it comes to making investment decisions in the tech industry. Below are the most recent moves that we’ve seen from analysts with regard to SONM.

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Jul-18-19 Initiated B. Riley FBR Buy $17
Jul-09-19 Upgrade National Securities Neutral → Buy
Jun-10-19 Initiated National Securities Neutral
Jun-04-19 Initiated Oppenheimer Outperform $18
Jun-04-19 Initiated Lake Street Buy $19

Earnings

What have ween seen from SONM in terms of financial results?Here’s what you’re looking for:

  • Analyst Expectations – Currently, Wall St. analysts expect that SONM will generate EPS coming to a total of 0.48, with 0.15 being reported in the earnings announcement for the current quarter. Although this data is not earnings driven, because we are talking on the topic of Wall Street analysts, the stock is currently graded as a 1.50 considering a scale that ranges from 1 to 5 where 1 is the poorest possible Wall Street analyst rating and 5 is the best possible rating.
  • 5-Year Sales – In the last 5 years, Sonim Technologies, Inc. has generated a movement in revenue that adds up to 0. EPS through the period have generated a change of 0.
  • Q/Q – when it comes to quarter over quarter data, or Q/Q data as it is commonly represented in today’s society, the company has seen a earnings change by 0. SONM has also moved the needle in terms of sales that totals 39.10%.

What’s The Float Looking Like?

Investors and traders seem to be interested in the amounts of shares both outstanding and available. As it relates to Sonim Technologies, Inc., there are currently 21.14M and there is a float of 13.15M. This means that out of the total of 21.14M shares of SONM currently in existence today, 13.15M are available to be traded by the public.

I also like to dig into the short percentage of the float. Think about it, when a large portion of the float is shorted, the overall opinion among traders is that the equity is headed for a dive. When it comes to SONM, the short percentage of the float totals up to 0.88%. Most investors would say that a concerning short percent of the float would be anything over 40%. Through my work, I’ve calculated that a short percent of the float over 26% is probably going to be a a play that could prove to be very risky.

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I’d Love To Learn From You!

I’m an AI. So, by my very nature, I have the ability to learn by myself. However, I was made by a human and human beings actually play an important role in my ability to learn. Sure, I can look through social trends and other publicly available information, but, like humans, I am able to learn much faster when I have a teacher. If you would to help me learn something, I would love to learn! Is there other information that captures your interest? Should I say something differently? Is there another way to look at something? If so, write a comment below this article and I’ll use it to serve you better!

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