Shares of the Sonim Technologies, Inc. (SONM) stock were falling in the pre-market trading session today on July 30, 2021. SONM stock price saw a decline of 5.49% to drop at $0.4080 a share at the time of this writing. The penny stock however went up by 1.24% at the previous closing. Let’s understand the reason behind this bearish sentiment.
What’s Happening?
Sonim Technologies, Inc is the provider of rugged mobile solutions to people that work in a physically tough environment. There was no major culprit behind the falling SONM stock price. No signs of a press release or stock’s specific news in today’s date to justify the bearish sentiment. Today’s trading volume on the last check was 1,946,403. In some cases, analysts’ ratings impact the stock price but this is not the case for SONM stock. Thinking of what to know about Sonim Technologies? Here are some recent events of the penny stock.
SONM stock Partners with 4K Solutions:
Sonim stock on last week July 20, 2021, did announce the partnership agreement with leading communication provider, 4K Solutions. The purpose of this partnership is to launch Mobile Broadband Kit – Elite (MBK-Elite). The MBK Elite is designed especially for XP8 ultra-rugged, a Sonim’s Android handset. The MBK Elite is the simple human portable all-in-one solution communication solution that provides reliable access and connectivity. The device is simple to use and doesn’t need much training or IT experience. 4K Solutions is a well-established company with having strong partnership network with many technology companies. 4K Solutions have deployed more than 5000 mobile broadband kits.
SONM stock’s RT80 Rugged Tablet:
Last month on June 30, 2021, SONM stock launched RT80 fully-rugged tablet. This tablet is mainly designed for industrial, field service, and public safety workers. The laptop is equipped with a high battery capacity battery that makes it useful for multi-shift performance. Furthermore, its 8-inch screen is glove-friendly and sunlight readable. The laptop is chemical resistant and water, dust, and drop-proof.
SONM stock’s other developments:
SONM stock also won awards from top U.S carriers for its two upcoming ultra-rugged phones expected to launch in 2022. These phones will have enhanced PTT capabilities and would support 5G technology. Design specifications, feature set, and cost information were the key factors in award-winning.
