Sonim Technologies Stock Price on May 2, 2023
| SONM Stock | USD 3.12 0.20 6.02% |
If you're considering investing in Sonim Stock, it is important to understand the factors that can impact its price. As of today, the current price of Sonim Technologies stands at 3.12, as last reported on the 4th of December, with the highest price reaching 3.36 and the lowest price hitting 3.01 during the day. Sonim Technologies appears to be very risky, given 3 months investment horizon. Sonim Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sonim Technologies, which you can use to evaluate the volatility of the company. Please review Sonim Technologies' Semi Deviation of 2.89, coefficient of variation of 879.59, and Risk Adjusted Performance of 0.0949 to confirm if our risk estimates are consistent with your expectations.
Sonim Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Sonim |
Sharpe Ratio = 0.1137
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Estimated Market Risk
| 4.25 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.48 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Sonim Technologies is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sonim Technologies by adding it to a well-diversified portfolio.
Sonim Technologies Valuation on May 2, 2023
It is possible to determine the worth of Sonim Technologies on a given historical date. On May 2, 2023 Sonim was worth 11.3 at the beginning of the trading date compared to the closed value of 10.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sonim Technologies stock. Still, in general, we apply an absolute valuation method to find Sonim Technologies' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Sonim Technologies where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sonim Technologies' related companies.
| Open | High | Low | Close | Volume | |
| 11.70 | 11.75 | 11.30 | 11.60 | 13,388 | |
05/02/2023 | 11.30 | 11.40 | 9.86 | 10.00 | 29,114 |
| 10.00 | 10.60 | 10.00 | 10.00 | 7,063 |
| Backtest Sonim Technologies | | | Sonim Technologies History | | | Sonim Technologies Valuation | Previous | Next |
Sonim Technologies Trading Date Momentum on May 2, 2023
| On May 03 2023 Sonim Technologies was traded for 10.00 at the closing time. The top price for the day was 10.60 and the lowest listed price was 10.00 . The trading volume for the day was 7.1 K. The trading history from May 3, 2023 did not result in any price rise and fall. The trading price change against the current closing price is 1.00% . |
Sonim Technologies Fundamentals Correlations and Trends
By evaluating Sonim Technologies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Sonim Technologies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sonim financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sonim Technologies Stock history
Sonim Technologies investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Sonim is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sonim Technologies will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Sonim Technologies stock prices may prove useful in developing a viable investing in Sonim Technologies
Sonim Technologies, Inc. provides ruggedized mobile phones and accessories for task workers. Sonim Technologies, Inc. was incorporated in 1999 and is based in Austin, Texas. Sonim Technologies operates under Communication Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 77 people.
Sonim Technologies Stock Technical Analysis
Sonim Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Sonim Technologies Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Sonim Technologies cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Sonim Technologies December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Sonim Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sonim Technologies shares will generate the highest return on investment. By undertsting and applying Sonim Technologies stock market strength indicators, traders can identify Sonim Technologies entry and exit signals to maximize returns
Sonim Technologies Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sonim Technologies' price direction in advance. Along with the technical and fundamental analysis of Sonim Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sonim to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0949 | |||
| Jensen Alpha | 0.3286 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.11 | |||
| Treynor Ratio | 0.3381 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonim Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Sonim Stock, please use our How to Invest in Sonim Technologies guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Technology Hardware, Storage & Peripherals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sonim Technologies. If investors know Sonim will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sonim Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Sonim Technologies is measured differently than its book value, which is the value of Sonim that is recorded on the company's balance sheet. Investors also form their own opinion of Sonim Technologies' value that differs from its market value or its book value, called intrinsic value, which is Sonim Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sonim Technologies' market value can be influenced by many factors that don't directly affect Sonim Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sonim Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sonim Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonim Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.