Sonim Technologies Inc. (NASDAQ:SONM) price is hovering lower on Monday, September 13, dropping -2.32% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $0.56, with intraday deals fluctuating between $0.5233 and $0.5803. The company’s 5Y monthly beta was ticking 3.43. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.70 and 52-week low of $0.36. The stock added 33.98% on its value in the past month.
Sonim Technologies Inc., which has a market valuation of $46.03 million, is expected to release its quarterly earnings report Nov 09, 2021 – Nov 15, 2021. Analysts tracking SONM have forecast the quarterly EPS to shrink by -0.07 per share this quarter, while the same analysts predict the annual EPS to hit -$0.37 for the year 2021 and up to -$0.23 for 2022. In this case, analysts estimate an annual EPS growth of 43.10% for the year and 37.80% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $16.57 million, with the likely lows of $16 million and highs of $17.6 million. The average estimate suggests sales growth for the quarter will likely fall by -8.80% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $60.77 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow -5.00% below that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give SONM a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned SONM a recommendation rating as follows: 1 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Sonim Technologies Inc. (SONM) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that SONM’s price is at present 21.48% off the SMA20 and 23.94% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 60.94, with weekly volatility standing at 16.78%. The indicator jumps to 9.59% when calculated based on the past 30 days. Sonim Technologies Inc. (NASDAQ:SONM)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.05. Considering analysts have assigned the stock a price target range of $2.00-$2.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $2.00. Based on this estimate, we see that today’s price at last check is roughly -263.64% off the estimated low and -263.64% off the forecast high. Investors will no doubt be excited to see the share price fall to $2.00, which is the median consensus price, and at that level SONM would be -263.64% from recent price.
An analysis of the Sonim Technologies Inc. (NASDAQ:SONM) stock in terms of its daily trading volume indicates that the 3-month average is 7.92 million.
Current records show that the company has 66.51M in outstanding shares. The insiders’ percentage holdings are 1.40% of outstanding shares while the percentage share held by institutions stands at 22.50%. But the -22.50% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.