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SONM
Stock ticker: NASDAQ
AS OF
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Capitalization
29.46M

SONM Sonim Technologies Forecast, Technical & Fundamental Analysis

a manufacturer of mobile phones and accessories

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SONM with price predictions
07:00 PM EST Dec 05, 2023

SONM in downward trend: 10-day moving average moved below 50-day moving average on November 13, 2023

The 10-day moving average for SONM crossed bearishly below the 50-day moving average on November 13, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 31 cases where SONM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

SONM moved below its 50-day moving average on December 05, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SONM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SONM broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for SONM entered a downward trend on November 22, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SONM's RSI Indicator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on December 06, 2023. You may want to consider a long position or call options on SONM as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SONM just turned positive on November 28, 2023. Looking at past instances where SONM's MACD turned positive, the stock continued to rise in of 27 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SONM advanced for three days, in of 195 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.352) is normal, around the industry mean (8.119). P/E Ratio (12.092) is within average values for comparable stocks, (81.525). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.330). SONM has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.042). P/S Ratio (0.293) is also within normal values, averaging (22.982).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SONM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SONM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Cisco Systems (NASDAQ:CSCO), Hewlett Packard Enterprise Company (NASDAQ:HPE), Nokia Corp (NASDAQ:NOK), Ericsson (NASDAQ:ERIC), Juniper Networks (NASDAQ:JNPR), Ciena Corp (NASDAQ:CIEN), Lumentum Holdings (NASDAQ:LITE), CommScope Holding Company (NASDAQ:COMM), Casa Systems (NASDAQ:CASA).

Industry description

The Telecommunications Equipment industry produces voice and data communications equipment, which includes fiber optic delivery products, digital signal processors, high-speed voice, data and video delivery. Additionally, satellite systems, global positioning systems, wireless data systems, personal communications equipment, telephone handsets and payload equipment for satellites also fall into this category. Apple Inc., QUALCOMM Incorporated and Nokia are major global players in this segment.

Market Cap

The average market capitalization across the Telecommunications Equipment Industry is 4.02B. The market cap for tickers in the group ranges from 1.59K to 194.44B. CSCO holds the highest valuation in this group at 194.44B. The lowest valued company is ABILF at 1.59K.

High and low price notable news

The average weekly price growth across all stocks in the Telecommunications Equipment Industry was 2%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was -10%. MINM experienced the highest price growth at 219%, while TCCO experienced the biggest fall at -37%.

Volume

The average weekly volume growth across all stocks in the Telecommunications Equipment Industry was 28%. For the same stocks of the Industry, the average monthly volume growth was 65% and the average quarterly volume growth was 72%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 48
P/E Growth Rating: 65
Price Growth Rating: 55
SMR Rating: 78
Profit Risk Rating: 88
Seasonality Score: 32 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

a manufacturer of mobile phones and accessories

Industry TelecommunicationsEquipment

Profile
Fundamentals
Details
Industry
Telecommunications Equipment
Address
4445 Eastgate Mall
Phone
+1 650 378-8100
Employees
77
Web
https://www.sonimtech.com
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SONM and

Correlation & Price change

A.I.dvisor tells us that SONM and DGII have been poorly correlated (+25% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that SONM and DGII's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SONM
1D Price
Change %
SONM100%
+2.56%
DGII - SONM
25%
Poorly correlated
+5.93%
MITQ - SONM
22%
Poorly correlated
+2.79%
MSI - SONM
21%
Poorly correlated
-0.64%
SATS - SONM
21%
Poorly correlated
+3.35%
AVNW - SONM
21%
Poorly correlated
+0.34%
More

Groups containing SONM

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SONM
1D Price
Change %
SONM100%
+2.56%
Telecommunications Equipment
(undefined stocks)
18%
Poorly correlated
+0.09%