Positive Sentiment Still Eludes Sonim Technologies, Inc. (NASDAQ:SONM) Following 29% Share Price Slump
Positive Sentiment Still Eludes Sonim Technologies, Inc. (NASDAQ:SONM) Following 29% Share Price Slump
To the annoyance of some shareholders, Sonim Technologies, Inc. (NASDAQ:SONM) shares are down a considerable 29% in the last month, which continues a horrid run for the company. For any long-term shareholders, the last month ends a year to forget by locking in a 58% share price decline.
After such a large drop in price, Sonim Technologies' price-to-sales (or "P/S") ratio of 0.2x might make it look like a buy right now compared to the Tech industry in the United States, where around half of the companies have P/S ratios above 1x and even P/S above 5x are quite common. Although, it's not wise to just take the P/S at face value as there may be an explanation why it's limited.
How Sonim Technologies Has Been Performing
With its revenue growth in positive territory compared to the declining revenue of most other companies, Sonim Technologies has been doing quite well of late. It might be that many expect the strong revenue performance to degrade substantially, possibly more than the industry, which has repressed the P/S. Those who are bullish on Sonim Technologies will be hoping that this isn't the case and the company continues to beat out the industry.
Keen to find out how analysts think Sonim Technologies' future stacks up against the industry? In that case, our free report is a great place to start.What Are Revenue Growth Metrics Telling Us About The Low P/S?
The only time you'd be truly comfortable seeing a P/S as low as Sonim Technologies' is when the company's growth is on track to lag the industry.
Retrospectively, the last year delivered an exceptional 34% gain to the company's top line. Pleasingly, revenue has also lifted 46% in aggregate from three years ago, thanks to the last 12 months of growth. Accordingly, shareholders would have definitely welcomed those medium-term rates of revenue growth.
Shifting to the future, estimates from the one analyst covering the company suggest revenue should grow by 26% over the next year. Meanwhile, the rest of the industry is forecast to only expand by 3.9%, which is noticeably less attractive.
With this information, we find it odd that Sonim Technologies is trading at a P/S lower than the industry. Apparently some shareholders are doubtful of the forecasts and have been accepting significantly lower selling prices.
The Final Word
Sonim Technologies' P/S has taken a dip along with its share price. Typically, we'd caution against reading too much into price-to-sales ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.
Sonim Technologies' analyst forecasts revealed that its superior revenue outlook isn't contributing to its P/S anywhere near as much as we would have predicted. When we see strong growth forecasts like this, we can only assume potential risks are what might be placing significant pressure on the P/S ratio. It appears the market could be anticipating revenue instability, because these conditions should normally provide a boost to the share price.
Having said that, be aware Sonim Technologies is showing 2 warning signs in our investment analysis, you should know about.
If these risks are making you reconsider your opinion on Sonim Technologies, explore our interactive list of high quality stocks to get an idea of what else is out there.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
令一些股東煩惱的是,Sonim Technologies, Inc.(納斯達克股票代碼:SONM)的股價在上個月下跌了29%,這延續了該公司的糟糕表現。對於任何長期股東來說,最後一個月的股價下跌幅度爲58%,從而結束了令人難忘的一年。
在價格大幅下跌之後,與美國的科技行業相比,Sonim Technologies的市銷率(或 “市盈率”)爲0.2倍,目前看起來像買入。在美國,大約一半的公司的市銷率高於1倍,甚至市盈率高於5倍也很常見。但是,僅按面值計算市銷率是不明智的,因爲可以解釋其有限的原因。
Sonim Technologies 的表現如何
與大多數其他公司的收入下降相比,Sonim Technologies的收入增長處於正值區間,最近表現良好。許多人可能預計,強勁的收入表現將大幅下降,可能超過壓制市銷率的行業。那些看好Sonim Technologies的人會希望情況並非如此,公司將繼續擊敗該行業。
想了解分析師如何看待Sonim Technologies的未來與行業對立嗎?在這種情況下,我們的免費報告是一個很好的起點。收入增長指標告訴我們低市銷率有哪些?
只有當公司的增長有望落後於行業時,你才能真正放心地看到像Sonim Technologies一樣低的市銷率。
回顧過去,去年的公司收入實現了34%的驚人增長。令人高興的是,得益於過去12個月的增長,總收入也比三年前增長了46%。因此,股東們肯定會對這些中期收入增長率表示歡迎。
展望未來,一位報道該公司的分析師的估計表明,明年收入將增長26%。同時,預計該行業的其餘部分將僅增長3.9%,這明顯降低了吸引力。
有了這些信息,我們覺得奇怪的是,Sonim Technologies的市銷率低於該行業。顯然,一些股東對預測持懷疑態度,並一直在接受大幅降低的銷售價格。
最後一句話
Sonim Technologies的市銷率與股價一起下跌。通常,在做出投資決策時,我們謹慎行事,不要過多地考慮市售比率,儘管這可以揭示其他市場參與者對公司的看法。
Sonim Technologies的分析師預測顯示,其優異的收入前景對市銷率的貢獻沒有我們預期的那麼大。當我們看到這樣的強勁增長預測時,我們只能假設潛在風險可能會給市銷率帶來巨大壓力。看來市場可能會預期收入不穩定,因爲這些條件通常會提振股價。
話雖如此,請注意,Sonim Technologies在我們的投資分析中顯示了兩個警告信號,你應該知道。
如果這些風險讓你重新考慮對Sonim Technologies的看法,請瀏覽我們的高質量股票互動清單,了解還有什麼。
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。
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