Wall Street analysts expect Sonim Technologies Inc (NASDAQ:SONM) to post $33.15 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Sonim Technologies’ earnings. The highest sales estimate is $35.00 million and the lowest is $31.30 million. The business is expected to report its next quarterly earnings results on Wednesday, February 26th.
According to Zacks, analysts expect that Sonim Technologies will report full year sales of $134.05 million for the current financial year, with estimates ranging from $134.00 million to $134.10 million. For the next year, analysts anticipate that the company will post sales of $149.75 million, with estimates ranging from $148.50 million to $151.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for Sonim Technologies.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Sonim Technologies from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Oppenheimer downgraded shares of Sonim Technologies from an “outperform” rating to a “market perform” rating and set a $6.00 target price for the company. in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $11.64.
Sonim Technologies stock traded down $0.13 during mid-day trading on Friday, reaching $3.06. The company’s stock had a trading volume of 17,500 shares, compared to its average volume of 51,687. Sonim Technologies has a 12 month low of $2.10 and a 12 month high of $18.26. The business’s 50 day simple moving average is $3.44 and its 200 day simple moving average is $3.81. The company has a quick ratio of 1.38, a current ratio of 2.22 and a debt-to-equity ratio of 0.34.
Sonim Technologies Company Profile
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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