Sonim Technologies Inc.’s recently made public that its Director Howe Alan B acquired Company’s shares for reported $1091.0 on Mar 24. In the deal valued at $0.60 per share,1,818 shares were bought. As a result of this transaction, Howe Alan B now holds 176,403 shares worth roughly $ 0.11 million.
Oppenheimer downgraded its Sonim Technologies Inc. [SONM] rating to a Perform from a an Outperform in a research note published on Friday.
Price Performance Review of SONM
On Friday, Sonim Technologies Inc. [NASDAQ:SONM] saw its stock fall -3.18% to $0.65. On the same session, the stock had its day’s lowest price of $0.6201, but rose to a high of $0.7121. Over the last five days, the stock has gained 3.49%. Sonim Technologies Inc. shares have risen nearly 53.63% since the year began. Nevertheless, the stocks have fallen -14.73% over the past one year. While a 52-week high of $1.30 was reached on 06/21/23, a 52-week low of $0.40 was recorded on 03/16/23. SMA at 50 days reached $0.8697, while 200 days put it at $0.7556. A total of 0.1 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For SONM Stock
The 24-hour chart illustrates a support level at 0.6111, which if violated will result in even more drops to 0.5696. On the upside, there is a resistance level at 0.7031. A further resistance level may holdings at 0.7536. The Relative Strength Index (RSI) on the 14-day chart is 44.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0822, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.93%. Stochastics %K at 84.90% indicates the stock is a selling.
How much short interest is there in Sonim Technologies Inc.?
A steep rise in short interest was recorded in Sonim Technologies Inc. stocks on Aug 14, 2023, dropping by -0.13 million shares to a total of 0.13 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.26 million shares. There was a decline of -95.98%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.64% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.18.
Sonim Technologies Inc. [SONM] – Who Are The Largest Shareholders?
In filings from EAM Investors LLC, it is revealed that the company now owns 1,020,766 shares, or roughly 2.49% of the outstanding SONM shares. Additionally, The Vanguard Group, Inc. increased 625.27% of its stake after which the total value it holdings stand at $296,033, while Sicart Associates LLC added 10.50% of its stake to hold $0.22 million in the firm. Over the last quarter, The Bank of New York Mellon Corp sold -1,537 shares of Sonim Technologies Inc., while Geode Capital Management LLC sold 93,343 shares. At present, Renaissance Technologies LLC is holding 77,234 shares valued at $77234.0. BlackRock Fund Advisors owned 47,518 shares of the company at the time of its most recent 13F filing, worth $47518.0.
According to FactSet, Sonim Technologies Inc.’s share price will average $20.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 2885.07 percent from its previous closing price of $0.67. Analysts expect Sonim Technologies Inc. stock to reach the higher price of $20.00, while the lowest price estimate is $20.00. However, 2 analysts have rated SONM stock as an Overweight in their predictions for 2023.