Sonim Technologies (NASDAQ:SONM) spotted trading -96.93% off 52-week high price. On the other end, the stock has been noted 12.00% away from the low price over the last 52-weeks. The stock changed -23.26% to recent value of $0.56. The stock transacted 796189 shares during most recent day however it has an average volume of 96.59K shares. The company has 27.05M of outstanding shares and 13.06M shares were floated in the market.
On March 20, 2020, Sonim Technologies (NASDAQ:SONM) a leading U.S. provider of ultra-rugged mobility solutions designed specifically for task workers physically engaged in their work environments, provided an update on business operations.
After having to shut down our manufacturing operations due to the COVID-19 disruptions in Asia early this year, Sonim is now back to full operations, said Tom Wilkinson, Chief Executive Officer. The COVID-19 situation is far from over, and we continue to closely monitor developments around this global event. We are continuing to take orders from our carrier partners, ship inventory to fulfill these orders and manufacture new inventory units at our facilities in Asia. Our Operations team is in regular contact with our global supply chain partners, and, at this time, we do not see any constraints on our ability to deliver products in fulfillment of our customers’ orders.
Wilkinson added, The public safety market has always been a key customer segment for Sonim, and the current environment is leading to renewed emphasis on the rugged performance standards we build into our products. In particular, the chemical resistance and waterproof architecture of our devices allows them to be aggressively cleaned and disinfected, a key feature for the first responders and healthcare workers at the front lines of COVID-19. The work-from-home initiative that companies around the globe are moving to is also driving interest as companies look for ways to equip workers with the dependable devices that can make them effective wherever they are, especially in the field.
Its earnings per share (EPS) expected to touch remained 43.20% for this year while earning per share for the next 5-years is expected to reach at 25.00%. SONM has a gross margin of 34.10% and an operating margin of -1.10% while its profit margin remained -6.90% for the last 12 months.
According to the most recent quarter its current ratio was 2.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -72.50% from the mean of 20 days, -80.65% from mean of 50 days SMA and performed -90.34% from mean of 200 days price. Company’s performance for the week was -11.74%, -82.22% for month and YTD performance remained -84.57%.