Equities analysts predict that Sonim Technologies Inc (NASDAQ:SONM) will post earnings per share of ($0.03) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Sonim Technologies’ earnings. The firm is scheduled to issue its next earnings results on Wednesday, January 29th.
On average, analysts expect that Sonim Technologies will report full year earnings of ($1.05) per share for the current financial year. For the next fiscal year, analysts forecast that the company will post earnings of ($0.18) per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Sonim Technologies.
Sonim Technologies (NASDAQ:SONM) last announced its earnings results on Wednesday, October 30th. The company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.16). The firm had revenue of $28.85 million for the quarter, compared to analyst estimates of $31.25 million.
SONM has been the topic of several recent analyst reports. Oppenheimer downgraded shares of Sonim Technologies from an “outperform” rating to a “market perform” rating and set a $6.00 target price on the stock. in a research note on Thursday, October 31st. ValuEngine raised shares of Sonim Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 1st. Finally, Zacks Investment Research raised shares of Sonim Technologies from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Sonim Technologies presently has an average rating of “Buy” and a consensus target price of $11.64.
Shares of SONM traded down $0.12 during midday trading on Tuesday, hitting $3.66. The stock had a trading volume of 48,978 shares, compared to its average volume of 54,922. Sonim Technologies has a 1 year low of $2.10 and a 1 year high of $18.26. The company has a current ratio of 2.22, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average is $3.03 and its 200 day moving average is $5.67.
In other news, major shareholder Brc Partners Opportunity Fund, bought 25,500 shares of Sonim Technologies stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average price of $2.23 per share, with a total value of $56,865.00.
A number of hedge funds have recently bought and sold shares of SONM. Russell Investments Group Ltd. purchased a new position in Sonim Technologies in the 2nd quarter worth about $1,210,000. Northern Trust Corp purchased a new position in Sonim Technologies in the 2nd quarter worth about $255,000. BlackRock Inc. purchased a new position in Sonim Technologies in the 2nd quarter worth about $2,083,000. Tower Research Capital LLC TRC purchased a new position in Sonim Technologies in the 2nd quarter worth about $175,000. Finally, Vanguard Group Inc. purchased a new position in Sonim Technologies in the 2nd quarter worth about $1,093,000. 39.86% of the stock is currently owned by institutional investors.
About Sonim Technologies
Sonim Technologies, Inc provides ruggedized mobile phones and accessories for task workers. It offers ruggedized mobile phones, such as Sonim XP8, Sonim XP5s, and Sonim XP3 based on the Android platform that are capable of attaching to public and private wireless networks; industrial-grade accessories, including remote speaker microphones, multi-bay charging accessories, and in-vehicle hands-free voice communications solutions; and cloud-based software and application services.
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