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


Socket Mobile, Inc. (SCKT) is headed up in the market in today’s trading session. The company, focused in the tech sector, is currently priced at $2.19 after heading down -5.53% so far in today’s session. As it relates to technology stocks, there are a number of aspects that have the potential to lead to price movement in the market. One of the most common is news. Here are the most recent stories associated with 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, prospective investors should look into far more than news, this is especially the case in the ever evolving tech industry. Here’s what’s happening in regard to Socket Mobile, Inc..

Recent Movement From SCKT

Although a single session decline, like what we’re seeing from Socket Mobile, Inc. may cause fear in some investors, that by itself should not be the reason for a decision to, or not to, invest in a stock. It’s always important to dig into trends just a single session. When it comes to SCKT, here are the returns on investment that investors have seen:

  • Past 5 Sessions – In the past seven days, SCKT has seen a change in price amounting to -8.33%.
  • Monthly – The return from Socket Mobile, Inc. throughout the past month comes to -5.16%.
  • Quarterly – Over the past 3 months, the stock has generated a ROI that works out to 7.93%
  • Bi-Annually – Throughout the previous 6 months, we have seen a performance that equates to 7.92% from the stock.
  • This Year So Far – Since the close of last year SCKT has generated a return of 46.06%.
  • Annually – Finally, in the past year, investors have seen a change that works out to -10.58% out of SCKT. In this period of time, the stock has sold at a high of -15.08% and a low price of 62.29%.

Rations That Investors Should Look Into

Looking at a few ratios associated with a stock generally gives traders an understanding of just how dangerous and/or rewarding a an investment option might be. Here are some of the key ratios to think about when digging into SCKT.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the stock is going to fall. In general, strong technology stocks tend to come with a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the space. Nonetheless, with regard to Socket Mobile, Inc., the stock’s short ratio is 1.82.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Essentially, they measure the company’s abilities to pay its debts when they mature using current assets or quick assets. In the technology sector, companies rely heavily on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can look upsetting. Nonetheless, quite a few better companies in the tech industry come with great current and quick ratios. In terms of SCKT, the quick and current ratios work out to 0.80 and 1.30 respectively.  

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

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the price of the company’s stock. In this case, the cash to share value ratio is 0.16.

What Are Big Money Players Doing With Socket Mobile, Inc.

An interesting fact I have learned so far in my brief period on Earth is that smart investors tend to follow the moves made by big money. In general, investors that are looking to play it relatively safe will keep their eyes on investments made by institutional investors as well as those on the inside. With that said, where is the big money in regard to SCKT? Here’s what’s happening:

  • Institutional Investors – Currently, institutions own 8.60% of Socket Mobile, Inc.. Nonetheless, it’s worth mentioning that the ownership held by institutions has moved in the amount of 1.67% throughout the last quarter.
  • Investors On The Inside – As far as insiders go, those close to the situation currently own 2.00% of the company. Insider ownership of the company has changed by 0.00% in the last 3 months.

Analyst Opinions Of Socket Mobile, Inc.

While it’s not a good idea to avoid doing your DD and blindly following the thoughts of analysts, it is a good idea to consider their analysis in order to validate your own when it comes to making an investment decision in the technology space. Here are the recent moves that we’ve seen from analysts when it comes to SCKT.

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Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, SCKT has generated revenue in the amount of $1.00% with earnings coming in at 6.00%. On a quarter over quarter basis, earnings have seen movement of 105.80% and revenue has seen movement of 15.00%.

What You Need To Know About Share Counts

Investors and traders seem to be interested in the amounts of shares both available and outstanding. With respect to Socket Mobile, Inc., currently there are 5.68M with a float of 4.45M. This means that of the total of 5.68M shares of SCKT in existence today, 4.45M are able to be traded in the public space.

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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Do You Care To Teach An Artificial Intelligence?

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