Socket Mobile Stock Today
| SCKT Stock | USD 1.04 0.01 0.97% |
Performance0 of 100
| Odds Of DistressOver 53
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Socket Mobile is selling for under 1.04 as of the 25th of April 2024; that is 0.97% increase since the beginning of the trading day. The stock's last reported lowest price was 1.01. Socket Mobile has 53 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Socket Mobile are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Technology Hardware & Equipment | IPO Date 6th of June 1995 | Category Technology | Classification Information Technology |
Socket Mobile, Inc. provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Socket Mobile, Inc. was incorporated in 1992 and is headquartered in Newark, California. Socket Mobile operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. The company has 7.55 M outstanding shares of which 22.59 K shares are at this time shorted by private and institutional investors with about 0.69 trading days to cover. More on Socket Mobile
Moving together with Socket Stock
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Moving against Socket Stock
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| 0.58 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.55 | TRV | The Travelers Companies Financial Report 18th of July 2024 | PairCorr |
Socket Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Socket Mobile's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Socket Mobile or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | Kevin Mills | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Technology Hardware, Storage & Peripherals, Technology Hardware & Equipment, Information Technology, NASDAQ Composite, Information Technology, Technology Hardware, Storage & Peripherals, Computer Hardware, Technology, Cloud Computing (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from Socket Mobile's historical financial statements, Socket Mobile is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Socket Mobile is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Socket Mobile's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Socket Mobile's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Socket Mobile's financial leverage. It provides some insight into what part of Socket Mobile's total assets is financed by creditors.
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Socket Mobile (SCKT) is traded on NASDAQ Exchange in USA. It is located in 40675 Encyclopedia Circle, Fremont, CA, United States, 94538 and employs 61 people. Socket Mobile is listed under Technology Hardware, Storage & Peripherals category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 7.78 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Socket Mobile's market, we take the total number of its shares issued and multiply it by Socket Mobile's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Socket Mobile conducts business under Technology Hardware, Storage & Peripherals sector and is part of Information Technology industry. The entity has 7.55 M outstanding shares of which 22.59 K shares are at this time shorted by private and institutional investors with about 0.69 trading days to cover.
Socket Mobile currently holds about 5.59 M in cash with 48.56 K of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.78.
Check Socket Mobile Probability Of Bankruptcy
Ownership AllocationSocket Mobile maintains a total of 7.55 Million outstanding shares. Socket Mobile maintains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Socket Ownership Details
Socket Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Socket Mobile jumping above the current price in 90 days from now is about 69.15%. The Socket Mobile probability density function shows the probability of Socket Mobile stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Socket Mobile has a beta of -0.1797. This usually implies as returns on the benchmark increase, returns on holding Socket Mobile are expected to decrease at a much lower rate. During a bear market, however, Socket Mobile is likely to outperform the market. Additionally, socket Mobile has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Socket Mobile to move above the current price in 90 days from now is about 69.15 (This Socket Mobile probability density function shows the probability of Socket Stock to fall within a particular range of prices over 90 days) .
Socket Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Socket Mobile that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Socket Mobile's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Socket Mobile's value.| Instituion | Recorded On | Shares | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 3.2 K | |
| Geneos Wealth Management Inc | 2023-12-31 | 1000 | |
| Blackrock Inc | 2023-12-31 | 357 | |
| Advisor Group Holdings, Inc. | 2023-12-31 | 300 | |
| Wells Fargo & Co | 2023-12-31 | 42.0 | |
| Goss Wealth Management Llc | 2023-12-31 | 35.0 | |
| Barclays Plc | 2023-12-31 | 30.0 | |
| Susquehanna International Group, Llp | 2023-12-31 | 0.0 | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 0.0 | |
| Vanguard Group Inc | 2023-12-31 | 67.2 K | |
| Acadian Asset Management Llc | 2023-12-31 | 47 K |
Socket Mobile Historical Income Statement
Socket Mobile Income Statement is one of the three primary financial statements used for reporting Socket's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Socket Mobile revenue and expense. Socket Mobile Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Socket Mobile's Depreciation And Amortization is comparatively stable compared to the past year. Total Revenue is likely to gain to about 17.8 M in 2024, despite the fact that EBIT is likely to grow to (3 M). View More FundamentalsSocket Stock Against Markets
Picking the right benchmark for Socket Mobile stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Socket Mobile stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Socket Mobile is critical whether you are bullish or bearish towards Socket Mobile at a given time. Please also check how Socket Mobile's historical prices are related to one of the top price index indicators.
Be your own money manager
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Socket Mobile Corporate Directors
Socket Mobile corporate directors refer to members of a Socket Mobile board of directors. The board of directors generally takes responsibility for the Socket Mobile's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Socket Mobile's board members must vote for the resolution. The Socket Mobile board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Brenton MacDonald | Independent Director | Profile | |
| David Dunlap | CFO, Principal Accounting Officer, VP of Fin. and Admin., Secretary and Director | Profile | |
| Charles Emery | Independent Director | Profile | |
| William Parnell | Independent Director | Profile |
How to buy Socket Stock?
Before investing in Socket Mobile, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Socket Mobile. To buy Socket Mobile stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Socket Mobile. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Socket Mobile stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Socket Mobile stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Socket Mobile stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Socket Mobile, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.
Already Invested in Socket Mobile?
The danger of trading Socket Mobile is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Socket Mobile is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Socket Mobile. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Socket Mobile is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Socket Mobile is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Socket Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Socket Mobile Stock. Highlighted below are key reports to facilitate an investment decision about Socket Mobile Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Socket Mobile. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Socket Stock analysis
When running Socket Mobile's price analysis, check to measure Socket Mobile's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Socket Mobile is operating at the current time. Most of Socket Mobile's value examination focuses on studying past and present price action to predict the probability of Socket Mobile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Socket Mobile's price. Additionally, you may evaluate how the addition of Socket Mobile to your portfolios can decrease your overall portfolio volatility.
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Is Socket Mobile's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Socket Mobile. If investors know Socket will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Socket Mobile listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Earnings Share (0.27) | Revenue Per Share 2.356 | Quarterly Revenue Growth (0.15) | Return On Assets (0.07) |
The market value of Socket Mobile is measured differently than its book value, which is the value of Socket that is recorded on the company's balance sheet. Investors also form their own opinion of Socket Mobile's value that differs from its market value or its book value, called intrinsic value, which is Socket Mobile's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Socket Mobile's market value can be influenced by many factors that don't directly affect Socket Mobile's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Socket Mobile's value and its price as these two are different measures arrived at by different means. Investors typically determine if Socket Mobile is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Socket Mobile's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.