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SONM Stock: 5 Things to Know About Sonim Technologies as Shares Surge Today

Sonim Applied sciences (NASDAQ:SONM) inventory is on the rise Friday after the corporate introduced a brand new accent for smartphones.

The Sonim Technologies website with a magnifying glass over it representing SONM stock.

Supply: Pavel Kapysh/Shutterstock.com

The information at this time is that the corporate has launched Klein waterproof headsets and RSMs. these are suitable with its Sonim SecureAudio Connector handsets, which embrace the XP3, XP5s, and XP8.

In truth, this isn’t what has SONM inventory taking off at this time. As a substitute, it’s that meme and retail inventory merchants have found the corporate. SONM is a penny inventory buying and selling for lower than a greenback, which suggests it’s a straightforward goal for retail merchants. In actual fact, there’s plenty of chatter concerning the firm from these merchants on Twitter (NYSE:TWTR).

To go together with that additional consideration is the heavy buying and selling of SONM inventory. As of this writing, greater than 61 million shares of the inventory have modified fingers. That’s a formidable surge over its each day common buying and selling quantity of about 6.2 million shares.

Now let’s check out what potential merchants need to know about Sonim Applied sciences earlier than investing.

  • To start out with, the corporate’s focus is on providing rugged gadgets and equipment within the cell phone market.
  • That features its personal smartphones, in addition to equipment designed for particular duties which can be usually mission-critical.
  • To go together with this, it has its personal assortment of apps that provide knowledge and workflow providers to clients.
  • It’s primarily based out of Austin, Texas, and was based in 1999.
  • The corporate’s present market capitalization is $54.409 million.

SONM inventory was up 9.2% as of midday Friday.

Merchants searching for extra inventory information will wish to preserve studying!

We’ve acquired all the newest inventory tales merchants must find out about at this time. That features what has Camber Vitality (NYSEAMERICAN:CEI), Echo International Logistics (NASDAQ:ECHO), and SOS Restricted (NYSE:SOS) inventory working greater at this time. You may get all the main points on these topics on the hyperlinks beneath!

Extra Friday Inventory Market Information

On the date of publication, William White didn’t have (both instantly or not directly) any positions within the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Guidelines.

With solely the rarest exceptions, InvestorPlace doesn’t publish commentary about firms which have a market cap of lower than $100 million or commerce lower than 100,000 shares every day. That’s as a result of these “penny shares” are often the playground for rip-off artists and market manipulators. If we ever do publish commentary on a low-volume inventory which may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this truth and warn readers of the dangers. Learn Extra: Penny Shares — How to Profit Without Getting Scammed

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