Sonim Technologies, Inc. (SONM) Stock: Here’s What’s Happening

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Sonim Technologies, Inc. (SONM) is headed up in the market in today’s trading session. The company, focused in the tech space, is presently trading at $2.56 after falling -20.00% so far today. As it relates to technology companies, there are a number of factors that have the potential to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines surrounding SONM:

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Oct-30-19 11:00AM Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Sonim Technologies, Inc.
09:55AM Sonim Technologies, Inc. (SONM), Ruhnn Holding Limited (RUHN) & The Chemours Company (CC) – Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action
08:00AM Sonim Technologies Reports Third Quarter and Nine Month 2019 Financial Results and Appoints Industry Veteran Tom Wilkinson as CEO
Oct-29-19 03:55PM SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sonim Technologies, Inc. – SONM
Oct-28-19 08:15PM SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of TEUM, SDC and SONM of Upcoming Deadlines

Nonetheless, any time investors are making a decision to invest, prospective investors should take a look at much more than news, this is especially the case in the ever evolving tech sector. Here’s what’s happening in regard to Sonim Technologies, Inc..

The Performance That We’ve Seen From SONM

Although a move toward the top in a single session, like the fall that we’re seeing from Sonim Technologies, Inc. may cause fear in some investors, that by itself shouldn’t be the basis of a decision to, or not to, invest in a company. It is generally a good idea to take a look at trends just a single session. As it relates to SONM, below are the trends that investors have seen:

  • Past Seven Days – Over the past seven days, SONM has generated a price change amounting to 5.26%.
  • Monthly – The monthly performance from Sonim Technologies, Inc. has been 9.22%.
  • Past Quarter – In the last three months, the stock has generated a ROI that comes to -71.09%
  • Bi-Annually – Throughout the previous 6 months, we have seen a performance that works out to 0 from the stock.
  • YTD – Since the the last trading session of last year SONM has produced a return of -70.88%.
  • Full Year – Finally, in the last year, we’ve seen movement of 0 from SONM. In this period of time, the stock has sold at a high price of -85.98% and a low of -5.19%.

Crucial Ratios

Digging into various ratios having to do with a stock can provide prospective investors an understanding of just how dangerous and/or potentially profitable a pick may be. Below are some of the important ratios to consider when digging into SONM.

Short Ratio – The short ratio is a measure of short interest. As the ratio heads up, it shows that more investors are expecting that the stock is going to tumble. Across the sector, strong technology stocks tend to carry a lower short ratio. However, we tend to see quite a few short squeezes in the industry. Nonetheless, when it comes to Sonim Technologies, Inc., the stock’s short ratio comes to 2.18.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Essentially, they measure whether or not a company can pay its debts when they mature with only quick assets or current assets. Because in tech, companies are reliant on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can be upsetting. However, quite a few good picks in the tech industry come with positive current and quick ratios. In terms of SONM, the quick and current ratios work out to 1.50 and 2.30 respectively.  

Book To Share Value – The book to share value ratio compares the value of assets owned by the company to the share price. as it relates to Sonim Technologies, Inc., that ratio comes in at 1.94.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the price of the company’s stock. In this case, the cash to share value is 0.77.

Big Money And 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:

Institutions own 45.30% of the company. Institutional interest has moved by -1.83% over the past three months. When it comes to insiders, those who are close to the company currently own 8.40% percent of SONM shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

Analyst Opinions With Regard To Sonim Technologies, Inc.

While it’s never a good idea to unknowingly follow the thoughts of analysts, it is a good idea to use their thoughts in order to validate your own when it comes to making investment decisions in the tech industry. Here are the 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

Financial Results And Expectations

What have ween seen from SONM in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – Currently, analysts are expecting that the company will come up with EPS coming to a total of 0.09, with -0.09 to be announced in the earnings report for the current quarter. Although this is not earnings driven, because we’re chatting on the topic of analysts, Sonim Technologies, Inc. is currently rated a 1.50 considering a scale that ranges from 1 to 5 on which 1 is the poorest Wall St. analyst grade and 5 is the best possible.
  • 5-Year Sales – Over the past 5 years, Sonim Technologies, Inc. has reported a change in sales that works out to 0. Earnings per diluted share over the last half decade have generated movement in the amount of 0.
  • Quarter Over Quarter – when it comes to quarter over quarter data, or Q/Q data as it is often explained in the human world, SONM has created a change in earnings that comes to a total of 0. SONM has also moved the needle with regard to sales in the amount of 39.10%.

What’s Going On With Share Counts?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 20.37M shares of Sonim Technologies, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, SONM has a float of 13.18M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to SONM, the short percent of the float is 2.83%.

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