Sonim Technologies Inc (NASDAQ: SONM) has seen a decline in its stock price by -8.48 in relation to its previous close of 0.58. However, the company has experienced a -10.46% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-05 that In the closing of the recent trading day, Sonim (SONM) stood at $0.59, denoting a -0.86% change from the preceding trading day.
Is It Worth Investing in Sonim Technologies Inc (NASDAQ: SONM) Right Now?
SONM has 36-month beta value of 2.39. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SONM is 20.32M, and currently, short sellers hold a 0.58% ratio of that float. The average trading volume of SONM on April 12, 2024 was 77.34K shares.
SONM’s Market Performance
The stock of Sonim Technologies Inc (SONM) has seen a -10.46% decrease in the past week, with a -22.61% drop in the past month, and a -30.25% fall in the past quarter. The volatility ratio for the week is 8.70%, and the volatility levels for the past 30 days are at 7.46% for SONM. The simple moving average for the past 20 days is -16.28% for SONM’s stock, with a -28.08% simple moving average for the past 200 days.
Analysts’ Opinion of SONM
B. Riley FBR, on the other hand, stated in their research note that they expect to see SONM reach a price target of $17. The rating they have provided for SONM stocks is “Buy” according to the report published on July 18th, 2019.
SONM Trading at -18.02% from the 50-Day Moving Average
After a stumble in the market that brought SONM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -59.22% of loss for the given period.
Volatility was left at 7.46%, however, over the last 30 days, the volatility rate increased by 8.70%, as shares sank -21.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.38% lower at present.
During the last 5 trading sessions, SONM fell by -10.46%, which changed the moving average for the period of 200-days by -53.90% in comparison to the 20-day moving average, which settled at $0.6261. In addition, Sonim Technologies Inc saw -27.87% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SONM starting from Crolius Clayton, who purchase 86,700 shares at the price of $0.68 back on Sep 15 ’23. After this action, Crolius Clayton now owns 86,700 shares of Sonim Technologies Inc, valued at $59,216 using the latest closing price.
Stock Fundamentals for SONM
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.21 for the gross margin
The net margin for Sonim Technologies Inc stands at -0.0. The total capital return value is set at 0.02. Equity return is now at value -0.42, with -0.16 for asset returns.
Based on Sonim Technologies Inc (SONM), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -73.67. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -128.25.
Currently, EBITDA for the company is 2.72 million with net debt to EBITDA at -4.07. When we switch over and look at the enterprise to sales, we see a ratio of 0.14. The receivables turnover for the company is 3.56for trailing twelve months and the total asset turnover is 1.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
To put it simply, Sonim Technologies Inc (SONM) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
