Market Momentum: Sonim Technologies Inc (SONM) Registers a 3.79 Increase, Closing at 0.55

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Sonim Technologies Inc (NASDAQ: SONM) closed the day trading at $0.55 up 3.79% from the previous closing price of $0.53. In other words, the price has increased by $3.79 from its previous closing price. On the day, 0.57 million shares were traded. SONM stock price reached its highest trading level at $0.59 during the session, while it also had its lowest trading level at $0.492.

Ratios:

For a better understanding of SONM, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.18 and its Current Ratio is at 1.41. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

On July 18, 2019, B. Riley FBR started tracking the stock assigning a Buy rating and target price of $17.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 15 ’23 when Crolius Clayton bought 86,700 shares for $0.68 per share. The transaction valued at 59,216 led to the insider holds 86,700 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SONM now has a Market Capitalization of 25699518 and an Enterprise Value of 16447510. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 1.20. Its current Enterprise Value per Revenue stands at 0.194 whereas that against EBITDA is -52.886.

Stock Price History:

Over the past 52 weeks, SONM has reached a high of $1.30, while it has fallen to a 52-week low of $0.44. The 50-Day Moving Average of the stock is 1.78%, while the 200-Day Moving Average is calculated to be -16.56%.

Shares Statistics:

Over the past 3-months, SONM traded about 196.24K shares per day on average, while over the past 10 days, SONM traded about 592930 shares per day. A total of 43.08M shares are outstanding, with a floating share count of 22.60M. Insiders hold about 51.63% of the company’s shares, while institutions hold 2.98% stake in the company. Shares short for SONM as of 1715731200 were 99380 with a Short Ratio of 0.51, compared to 1713139200 on 89966. Therefore, it implies a Short% of Shares Outstanding of 99380 and a Short% of Float of 0.41000000000000003.

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