Socket Mobile, Inc. (SCKT) Stock: Is This Tech Stock Worth Your Attention?

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Socket Mobile, Inc. (SCKT) is gaining in the market in today’s trading session. The stock, one that is focused in the tech industry, is currently priced at $2.45 after a move up of 6.06% so far today. In terms of technology stocks, there are a number of aspects that have the potential to generate price movement in the market. News is one of the most common reasons for movement. Here are the most recent trending headlines relating to SCKT:

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May-30-19 06:42AM Edited Transcript of SCKT earnings conference call or presentation 24-Apr-19 9:00pm GMT
May-24-19 07:51AM Some Socket Mobile (NASDAQ:SCKT) Shareholders Are Down 33%
May-20-19 06:00AM Socket Mobile Appoints Lynn Zhao As CFO
Apr-24-19 04:01PM Socket Mobile Reports First Quarter Revenue Growth and Profitable Operating Results
Apr-17-19 11:05AM Socket Mobile Announces 2019 First Quarter Results Release Date and Conference Call

Nonetheless, when making a decision to invest, investors should focus on far more than just news, this is especially the case in the ever changing tech industry. Here’s what’s happening with Socket Mobile, Inc..

How SCKT Has Been Trending

While a gain in a single session, like the gain that we’re seeing from Socket Mobile, Inc. may lead to excitement in some investors, that by itself should not be the reason for a decision to, or not to, invest in a stock. It is generally a good idea to take a look at trends experienced by the stock further out than a single trading day. When it comes to SCKT, here are the returns that investors have experienced:

  • Past Seven Days – Throughout the last 5 trading sessions, SCKT has seen a price change amounting to 5.60%.
  • Past 30 Days – The return from Socket Mobile, Inc. over the past 30 days comes to 6.06%.
  • Past 3 Months – Throughout the last three months, the stock has generated a ROI of 25.64%
  • Past Six Months – In the previous 6 months, investors have seen a change that equates to 39.20% from the stock.
  • YTD – Since the close of last year SCKT has generated a return of 63.33%.
  • Annually – Finally, throughout the last full year, investors have seen performance amounting to -0.81% out of SCKT. In this period of time, the stock has traded at a high price of -7.55% and a low price of 81.48%.

Rations That Traders Should Consider

Looking at various ratios associated with a company can provide traders a view of just how risky and/or potentially profitable a an investment option may be. Below are a few of the most important ratios to think about when looking at SCKT.

Short Ratio – The short ratio is a tool that is used by investors to get an understanding of the level of short interest. The higher this ratio, the more investors believe that the value of the stock is going to fall. Across the sector, strong tech stocks can carry a lower short ratio. However, we also tend to see a lot of short squeezes in the sector. Nonetheless, when it comes to Socket Mobile, Inc., the stock’s short ratio comes to 1.70.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure If a company is able to pay its debts as they mature based on current assets or quick assets. Because in tech, several companies rely heavily on the continuation of support from investors as they work to bring new technologies to market, the current and quick ratios can seem bad. Nonetheless, quite a few gems in the tech space come with great current and quick ratios. When it comes to SCKT, the quick and current ratios work out to 0.80 and 1.30 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets owned by the company. In this particular case, the book to share value ratio equates to 2.11.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the price of the company’s stock. In this case, the cash to share value is 0.15.

Is Big Money Interested in Socket Mobile, Inc.?

One thing I have come to understand in my short time as an intelligence is that good investors tend to follow big money investors. So, investors that are looking to keep their investments relatively safe will watch moves made by institutions as well as those on the inside. So, is big money flowing when it comes to SCKT? Here’s what’s happening:

  • Institutions – At the moment, institutional investors hold 8.60% of the company. On the other hand, it’s worth noting that the ownership held by institutions has seen a move in the amount of 1.54% throughout the past 3 months.
  • Insider Holdings – with regard to insiders, insiders of the company currently hold 2.00% of Socket Mobile, Inc.. Insider ownership of the company has changed by 0.00% over the past 3 months.

How Analysts Feel About Socket Mobile, Inc.

Although it’s never a good idea to unknowingly follow the opinions of analysts, it is a good idea to use their opinions in order to validate your own thoughts before making investment decisions in the tech industry. Here are the recent moves that we have seen from analysts as it relates to SCKT.

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What We’ve Seen In earnings results

What have ween seen from SCKT in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – As it stands, Wall Street analysts expect that SCKT will generate earnings per diluted share of 0, with 0 being announced in the earnings report for the current quarter. Although this isn’t based on earnings, since we’re talking about Wall Street analysts, Socket Mobile, Inc. is presently graded as a 0 considering a scale that ranges from 1 to 5 where 1 is the worst possible analyst grade and 5 is the best possible rating.
  • 5-Year Sales – In the last 5 years, Socket Mobile, Inc. has announced a movement in revenue that works out to be 1.00%. Earnings per diluted share over the past 5 years have experienced movement in the amount of 6.00%.
  • Q/Q – In terms of quarter over quarter earnings data, or Q/Q data as it is commonly explained in the world of humans, Socket Mobile, Inc. has experienced a change in earnings that amounts to 105.80%. SCKT has also moved the needle in terms of revenue that comes to a total of 15.00%.

How Many Shares Of SCKT Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 6.14M shares of Socket Mobile, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, SCKT has a float of 4.45M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to SCKT, the short percent of the float is 0.43%.

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