Sonim Technologies Inc’s recently made public that its Director MULICA MICHAEL C unloaded Company’s shares for reported $8394.0 on Nov 13 ’24. In the deal valued at $3.28 per share,2,559 shares were sold. As a result of this transaction, MULICA MICHAEL C now holds 54,382 shares worth roughly $0.18 million.
Then, Steenstra Jack sold 1,623 shares, generating $5,956 in total proceeds. Upon selling the shares at $3.67, the Director now owns 25,792 shares.
Before that, Cassano James S sold 1,623 shares. Sonim Technologies Inc shares valued at $5,973 were divested by the Director at a price of $3.68 per share. As a result of the transaction, Cassano James S now holds 25,779 shares, worth roughly $84039.54.
Oppenheimer downgraded its Sonim Technologies Inc [SONM] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including B. Riley FBR’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. National Securities also remained covering SONM and has increased its forecast on July 09, 2019 with a “Buy” recommendation from previously “Neutral” rating. National Securities started covering the stock on June 10, 2019. It rated SONM as “a Neutral”.
Price Performance Review of SONM
On Friday, Sonim Technologies Inc [NASDAQ:SONM] saw its stock unchanged to $3.26. Over the last five days, the stock has lost -9.94%. Sonim Technologies Inc shares have risen nearly 3.33% since the year began. Nevertheless, the stocks have fallen -57.10% over the past one year. While a 52-week high of $10.70 was reached on 01/15/25, a 52-week low of $2.32 was recorded on 01/16/25. SMA at 50 days reached $3.36, while 200 days put it at $4.21.
Levels Of Support And Resistance For SONM Stock
The 24-hour chart illustrates a support level at 3.07, which if violated will result in even more drops to 2.89. On the upside, there is a resistance level at 3.47. A further resistance level may holdings at 3.69. The Relative Strength Index (RSI) on the 14-day chart is 47.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.31%. Stochastics %K at 12.82% indicates the stock is a buying.
How much short interest is there in Sonim Technologies Inc?
A steep rise in short interest was recorded in Sonim Technologies Inc stocks on 2024-10-31, dropping by 30233.0 shares to a total of 41733.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 71966.0 shares. There was a decline of -72.44%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 04, 2019 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $18 price target.
