Sonim Technologies Inc. (NASDAQ:SONM) price on Friday, October 08, fall -2.34% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.07.
A look at the stock’s price movement, the level at last check in today’s session was $2.12, moving within a range at $2.11 and $2.2378. The beta value (5-Year monthly) was 3.50. Turning to its 52-week performance, $17.00 and $2.05 were the 52-week high and 52-week low respectively. Overall, SONM moved -56.38% over the past month.
Sonim Technologies Inc.’s market cap currently stands at around $19.21 million, with investors looking forward to this quarter’s earnings report slated for Nov 09, 2021 – Nov 15, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.73, which has seen fiscal year 2021 EPS growth forecast to increase to -$3.67 and about -$2.27 for fiscal year 2022. Per the data, EPS growth is expected to be 43.50% for 2021 and 38.10% for the next financial year.
Analysts have a consensus estimate of $16.57 million for the company’s revenue for the quarter, with a low and high estimate of $16 million and $17.6 million respectively. The average forecast suggests down to a -8.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $60.77 million, representing a -5.00% decline on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that SONM is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend SONM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SONM’s current price about -37.68% and -47.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 25.34, while 7-day volatility ratio is 8.30% and 11.54% in the 30-day chart. Further, Sonim Technologies Inc. (SONM) has a beta value of 0, and an average true range (ATR) of 0.41.
In the market, a comparison of Sonim Technologies Inc. (SONM) and its peers suggest the former has performed considerably weaker. Data shows SONM’s intraday price has changed -2.34% today and -69.98% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.13% and 0.15% respectively on the day as seen in early trades.
If we refocus on Sonim Technologies Inc. (NASDAQ:SONM), historical trading data shows that trading volumes averaged 1.48 million over the past 3 months. The company’s latest data on shares outstanding shows there are 66.95 million shares.
The 1.40% of Sonim Technologies Inc.’s shares are in the hands of company insiders while institutional holders own 22.60% of the company’s shares. Current price change has pushed the stock -70.72% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SONM stock continues to rise going into the next quarter.