Sonim Technologies (NASDAQ:SONM) Shares Up 13.6% – Here’s Why

Posted by Geri Gentry on Aug 5th, 2026

Sonim Technologies, Inc. (NASDAQ:SONM – Get Free Report)’s stock price rose 13.6% during mid-day trading on Monday . The stock traded as high as $4.30 and last traded at $3.85. 73,485 shares traded hands during trading, an increase of 155% from the average session volume of 28,807 shares. The stock had previously closed at $3.39.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Sonim Technologies in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Read Our Latest Report on Sonim Technologies

Sonim Technologies Trading Down 2.2%

The stock has a market capitalization of $5.95 million, a P/E ratio of -0.30 and a beta of 1.86. The company has a fifty day simple moving average of $4.26 and a two-hundred day simple moving average of $4.50.

Sonim Technologies (NASDAQ:SONM – Get Free Report) last issued its earnings results on Wednesday, May 20th. The company reported ($3.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $5.04 by ($8.15).

Hedge Funds Weigh In On Sonim Technologies

A hedge fund recently bought a new position in Sonim Technologies stock. XTX Topco Ltd bought a new stake in shares of Sonim Technologies, Inc. (NASDAQ:SONM – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 24,614 shares of the company’s stock, valued at approximately $30,000. XTX Topco Ltd owned about 0.14% of Sonim Technologies as of its most recent filing with the SEC. 3.26% of the stock is owned by institutional investors.

About Sonim Technologies

(Get Free Report)

Sonim Technologies, Inc (NASDAQ: SONM) is a specialty device manufacturer focused on mission-critical communications. The company designs, develops and markets ultra-rugged mobile handsets, push-to-talk (PTT) devices, accessories and supporting software platforms for customers operating in the most demanding environments. Sonim’s product line emphasizes durability, extended battery life and secure connectivity, tailored to industries where reliable voice and data services are essential.

At the core of Sonim’s offering are its hardened smartphones and PTT devices, engineered to meet or exceed military- and industrial-grade specifications for shock, water, dust and temperature resistance.