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How to Buy Sonim Technologies Stock

Sonim Technologies Inc

Sonim Technologies, Inc. provides ruggedized mobile phones and accessories for task workers.

Sonim Technologies stock last closed at $0.51, down 1.17% from the previous day, and has decreased 56.86% in one year. It has underperformed other stocks in the Communication Equipment industry by 0.35 percentage points. Sonim Technologies stock is currently +8.3% from its 52-week low of $0.47, and -60.85% from its 52-week high of $1.30.

As of Apr 15, 2024, there are 43.21M SONM shares outstanding. The market capitalization of SONM is $21.99M. In the last 24 hours, 389,886 SONM shares were traded.

How to Buy Sonim Technologies Stock

Not sure how to invest in Sonim Technologies stock? Here's how.
  1. Figure out where to buy Sonim Technologies stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy Sonim Technologies stock.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Fund your investment account: Select your method of payment and add your details.
  4. Analyze Sonim Technologies stock: The Sonim Technologies ticker symbol is SONM. Is Sonim Technologies stock a good investment? Should you buy shares of SONM? How do SONM's underlying business fundamentals look? Do top analysts think Sonim Technologies is a good buy? Why has SONM's stock price moved recently? (Hint: Our stock research website can help you understand if SONM is a good stock to buy).
  5. Execute your SONM trade: Decide if you will purchase SONM shares at the current market price or use a limit order to buy SONM shares at a specific price.
  6. Monitor your SONM position: Create a watchlist to key updates about your new investment in Sonim Technologies shares.

Step 1: Figure out where to buy Sonim Technologies stock

You will need a brokerage account in order to access the NASDAQ market and buy SONM shares.

A brokerage account enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've selected your brokerage, the next step is to fill out some personal info so you are able to buy SONM today.

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  1. Send your info by hitting the "Create Account" button.
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Step 3: Fund your investment account

Now that you have created your account on stock market app, you need to deposit funds:

Check out the walkthrough below if you need help transferring funds into your new brokerage account.

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Step 4: Analyze Sonim Technologies stock

Once you have decided on the best place to buy Sonim Technologies stock, it's very important to analyze their stock before you buy, so you truly comprehend the risk as well as the opportunity.

Sonim Technologies Numbers

SONM Price
$0.51
1w %
-17.24%
1y %
-56.86%
5y %
N/A
P/E
N/A
P/B
0.98x
P/S
0.23x
PEG
N/A
Revenue
$93.63M
Earnings
-$90.00k
Fore. Rev. Growth
26.03%
Fore. Earn. Growth
N/A
Market Cap
$21.99M
Next Earnings
Apr 23, 2024
Next Dividend
N/A

SONM Overview

WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis quickly.

You can see all of the due diligence checks on SONM's stock page.

How is SONM stock valued?

Analysts use many financial metrics, analyses, models, and charts to gauge SONM's intrinsic value.

Using relative valuations ratios:

  • SONM could be undervalued based on its P/B ratio of 0.98x, relative to Communication Equipment industry P/B ratio of 2.65x

You can access more valuation analysis on SONM's stock here.

SONM Financials at a glance

Signs that SONM is financially healthy:

  • There are more short-term assets than short-term liabilities on the SONM balance sheet.
  • SONM profit margin has gone up from -20.2% to -0.1% in the past year.
  • SONM has cash burn of 4088000. It has sufficient cash and short-term investments to cover this for at least one year.
  • SONM has $9.40M in cash and short term investments. This is enough to cover its annual cash burn of $4.09M.
  • There are more short-term assets than long-term liabilities on the SONM balance sheet.
  • Total SONM debt is lower than 5 years ago, relative to shareholder equity.

Signs that SONM is not financially healthy:

  • SONM has a relatively high debt to equity ratio of 1.51.

You can dive deeper into what analysts are saying on the Sonim Technologies stock forecast page.

SONM Technical Indicators

SMA10
0.57
SMA20
0.61
SMA50
0.64
SMA100
0.68
SMA200
0.73
MACD
-0.03
MACD Signal
-0.02
MACD Histogram
-0.01
RSI
28.75
Stochastic %K
16.29
Stochastic %D
27.28
StochRSI %K
0.25
StochRSI %D
13.06

SONM Growth Metrics

Last year, SONM revenue was $93.63M. Over the last five year, SONM's revenue has grown by -7.15% per year. This was slower than the Communication Equipment industry average of 3.94%.

You can research SONM's earnings and revenue performance here.

Who is buying/selling SONM?

Over the last 12 months, executives and large shareholders at SONM have bought more shares than they have sold.

Charles Becher, Chief Commercial Officer and General Manager of North America of SONM, was the latest SONM insider to buy. They bought $52,375.00 worth of SONM shares on Dec 26, 2023.

Research more about who owns SONM stock here.

Does SONM stock generate passive income?

No, Sonim Technologies doesn't provide an income stream by paying out dividends.

What do other traders have to say about SONM?

One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.

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Step 5: Execute your SONM trade

You have two main order types:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at an exact price, place a limit order.

Click the Open button and eToro will execute your order.

If you require additional info about buying stocks on eToro, watch the how to video below:

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Step 6: Monitor your SONM position

Now that you own some shares in SONM, you'll want to keep up with your new stock purchase.

Make a watchlist to track your SONM stock.

SONM Feed

How to Buy Stock in Sonim Technologies

To reiterate, here are the 6 steps to buy Sonim Technologies stock:

  1. Figure out where to buy Sonim Technologies stock
  2. Sign up for a brokerage account
  3. Fund your investment account
  4. Analyze Sonim Technologies stock
  5. Execute your SONM trade
  6. Monitor your SONM position

If you need a online brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep track of your investment in Sonim Technologies, add SONM to your watchlist by clicking the button below.

NASDAQ: SONM
$0.51-0.01 (-1.17%)
Updated Apr 15, 2024
Open eToro Account
NASDAQ: SONM
$0.51-0.01 (-1.17%)
Updated Apr 15, 2024
Open eToro Account

FAQ

How much does it cost to buy one Sonim Technologies share?

As of Apr 15, 2024, it costs $0.51 to buy one share of Sonim Technologies stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.25, you can buy 0.5 shares of SONM.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Sonim Technologies stock?

One way to place an order for Sonim Technologies stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.