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Sonim Technologies, Inc. (NASDAQ:SONM) CEO Buys $800000.04 in Stock – Defense World

Posted by on Jul 16th, 2022
Sonim Technologies, Inc. (NASDAQ:SONMGet Rating) CEO Hao Peter Liu purchased 952,381 shares of Sonim Technologies stock in a transaction dated Wednesday, July 13th. The shares were purchased at an average cost of $0.84 per share, for a total transaction of $800,000.04. Following the completion of the transaction, the chief executive officer now owns 1,059,867 shares of the company’s stock, valued at $890,288.28. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
SONM opened at $0.68 on Friday. The stock has a market capitalization of $13.11 million, a P/E ratio of -0.22 and a beta of 2.81. Sonim Technologies, Inc. has a 12 month low of $0.48 and a 12 month high of $7.35. The firm’s fifty day simple moving average is $0.57 and its 200 day simple moving average is $0.69.
Sonim Technologies (NASDAQ:SONMGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.38) EPS for the quarter. The company had revenue of $13.26 million during the quarter. Sonim Technologies had a negative net margin of 65.77% and a negative return on equity of 264.64%. On average, equities research analysts predict that Sonim Technologies, Inc. will post -1.3 EPS for the current fiscal year.

An institutional investor recently bought a new position in Sonim Technologies stock. Bank of New York Mellon Corp acquired a new stake in Sonim Technologies, Inc. (NASDAQ:SONMGet Rating) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 220,671 shares of the company’s stock, valued at approximately $189,000. Bank of New York Mellon Corp owned approximately 1.15% of Sonim Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 4.54% of the company’s stock.
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Sonim Technologies, Inc provides ruggedized mobile phones and accessories for task workers. The company offers ruggedized mobile phones, such as Sonim XP8, Sonim XP5s, Sonim XP3, and Sonim XP3plus 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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