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Sonim Technologies Inc (NASDAQ: SONM) closed the day trading at $0.51 down -5.84% from the previous closing price of $0.54. In other words, the price has decreased by -$5.84 from its previous closing price. On the day, 1.04 million shares were traded. SONM stock price reached its highest trading level at $0.5291 during the session, while it also had its lowest trading level at $0.4583.
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 Jun 21 ’24 when MULICA MICHAEL C sold 36,016 shares for $0.69 per share. The transaction valued at 24,851 led to the insider holds 428,156 shares of the business.
Wang Jeffrey sold 36,016 shares of SONM for $24,851 on Jun 21 ’24. The Director now owns 274,011 shares after completing the transaction at $0.69 per share. On Jun 21 ’24, another insider, Cassano James S, who serves as the Director of the company, sold 36,015 shares for $0.69 each. As a result, the insider received 24,850 and left with 274,012 shares of the company.
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 25110860 and an Enterprise Value of 14391923. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 1.10. Its current Enterprise Value per Revenue stands at 0.17 whereas that against EBITDA is -46.276.
Stock Price History:
The Beta on a monthly basis for SONM is 2.52, which has changed by -0.52264154 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, SONM has reached a high of $1.12, while it has fallen to a 52-week low of $0.44. The 50-Day Moving Average of the stock is -21.21%, while the 200-Day Moving Average is calculated to be -24.76%.
Shares Statistics:
Over the past 3-months, SONM traded about 363.42K shares per day on average, while over the past 10 days, SONM traded about 619600 shares per day. A total of 43.08M shares are outstanding, with a floating share count of 23.63M. Insiders hold about 49.42% of the company’s shares, while institutions hold 2.98% stake in the company. Shares short for SONM as of 1719532800 were 629149 with a Short Ratio of 1.73, compared to 1717113600 on 261523. Therefore, it implies a Short% of Shares Outstanding of 629149 and a Short% of Float of 12.709999999999999.
