Sonim Technologies SONM Stock Price is absolutely abysmal, it is at a an all-time low.
This could be a good opportunity to scoop up some shares at a discount but is it the right time?
Keep reading and I will give you my opinion, it’s a good, short read and it’s free.
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Before we get started, I wanted to introduce myself to you. Hi 🙋♂️ I’m Alexander Goldman and I have been successfully trading breakout stocks and trending stocks for two decades now.
I’m now helping traders find breakout stocks. My claim to fame is the expert at finding trending stocks.
What do I mean by big winners?
Stocks that move more than 100% in a month! SONM Stock Price could?
Does that always happen, NO! But, I’m very good! Take a look at this article I wrote, where I called 5 stocks, 3 losers and 2 winners and they all did what I thought!
The article is HERE where I shine a spotlight on trending stocks and breakout stocks!
Now, let’s go over some of the basic information on this stock before we get in the technical analysis
Sonim Technologies Inc. Company Information
Company Name: Sonim Technologies Inc.
Ticker: SONM
Exchange: NASDAQ
Website: https://www.sonimtech.com/
Sonim Technologies Inc. Company Summary:
Sonim Technologies, Inc. engages in the design and manufacture of mission-critical smart phone-based solutions for workers in extreme, hazardous, and isolated environments. Its products include ultra-rugged mobile phones, business process applications, and a suite of industrial-grade accessories. The company was founded by Ram Chandran, Isaac Eteminan, Anush Gopalan, Jai Kumar, Sudu Srinivasan, and Joakim Wiklund on August 5, 1999 and is headquartered in Austin, TX.
SONM stock price is due to News?
June 14, 2022 /PRNewswire/ — Sonim Technologies (NASDAQ: SONM) today announced multiple additional purchase orders totaling $6.4 million for stocking inventory of Sonim’s upcoming XP5plus feature phone with enhanced PTT capabilities and Sonim’s next-generation XP10 5G rugged smartphone. The orders are from a top U.S. carrier customer and two Canadian carriers, adding to previously announced initial stocking orders for $9.5 million on these devices from a top U.S. carrier.
SONM 5 Day Chart
SONM Stock Price Technical Analysis: SONM Stock Price
I don’t like the stock overall, they are bleeding money and the chart looks bearish. I would stay away!
Look at the revenue decreasses. Wee OOOO!!
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