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


Sonim Technologies (NASDAQ:SONM) stock is on the rise Friday after the company announced a new accessory for smartphones.

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

Source: Pavel Kapysh/

The news today is that the company has released Klein waterproof headsets and RSMs. these are compatible with its Sonim SecureAudio Connector handsets, which include the XP3, XP5s, and XP8.

Truthfully, this isn’t what has SONM stock taking off today. Instead, it’s that meme and retail stock traders have discovered the company. SONM is a penny stock trading for less than a dollar, which means it’s an easy target for retail traders. In fact, there’s plenty of chatter about the company from these traders on Twitter (NYSE:TWTR).

To go along with that extra attention is the heavy trading of SONM stock. As of this writing, more than 61 million shares of the stock have changed hands. That’s an impressive surge over its daily average trading volume of about 6.2 million shares.

Now let’s take a look at what potential traders need to know about Sonim Technologies before investing.

  • To start with, the company’s focus is on offering rugged devices and accessories in the mobile phone market.
  • That includes its own smartphones, as well as accessories designed for specific tasks that are often mission-critical.
  • To go along with this, it has its own collection of apps that offer data and workflow services to customers.
  • It’s based out of Austin, Texas, and was founded in 1999.
  • The company’s current market capitalization is $54.409 million.

SONM stock was up 9.2% as of noon Friday.

Traders looking for more stock news will want to keep reading!

We’ve got all the latest stock stories traders need to know about today. That includes what has Camber Energy (NYSEAMERICAN:CEI), Echo Global Logistics (NASDAQ:ECHO), and SOS Limited (NYSE:SOS) stock running higher today. You can get all the details on these subjects at the links below!

More Friday Stock Market News

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed

Article printed from InvestorPlace Media,

©2023 InvestorPlace Media, LLC