Key Points
- Director Ivan Lazarev bought 10,067 shares of Socket Mobile on Nov. 5 at $1.03 and made additional November purchases (including 30,005 shares on Nov. 13), indicating substantial insider accumulation.
- Socket Mobile trades around $1.26 with a market cap of about $10.05 million, reported quarterly EPS of -$0.15 with negative margins, and carries an average analyst rating of Sell.
Socket Mobile, Inc. (NASDAQ:SCKT - Get Free Report) Director Ivan Lazarev acquired 10,067 shares of the firm's stock in a transaction that occurred on Wednesday, November 5th. The stock was acquired at an average cost of $1.03 per share, with a total value of $10,369.01. Following the completion of the acquisition, the director directly owned 31,609 shares in the company, valued at approximately $32,557.27. This represents a 46.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Ivan Lazarev also recently made the following trade(s):
- On Thursday, November 20th, Ivan Lazarev purchased 5,428 shares of Socket Mobile stock. The shares were acquired at an average price of $1.20 per share, with a total value of $6,513.60.
- On Wednesday, November 19th, Ivan Lazarev purchased 96 shares of Socket Mobile stock. The shares were acquired at an average cost of $1.20 per share, for a total transaction of $115.20.
- On Thursday, November 13th, Ivan Lazarev acquired 30,005 shares of Socket Mobile stock. The shares were bought at an average price of $1.14 per share, for a total transaction of $34,205.70.
- On Wednesday, November 12th, Ivan Lazarev acquired 4,500 shares of Socket Mobile stock. The stock was bought at an average cost of $1.09 per share, with a total value of $4,905.00.
Socket Mobile Trading Up 4.1%
Socket Mobile stock opened at $1.26 on Tuesday. Socket Mobile, Inc. has a 52 week low of $0.82 and a 52 week high of $1.72. The stock has a market cap of $10.05 million, a price-to-earnings ratio of -3.32 and a beta of 1.32. The company's 50-day moving average price is $1.05 and its two-hundred day moving average price is $1.09.
Socket Mobile (NASDAQ:SCKT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported ($0.15) earnings per share for the quarter. Socket Mobile had a negative return on equity of 16.97% and a negative net margin of 18.48%.The company had revenue of $3.11 million during the quarter. During the same period in the prior year, the company posted ($0.15) earnings per share.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Socket Mobile in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of "Sell".
Check Out Our Latest Stock Analysis on SCKT
Socket Mobile Company Profile
(
Get Free Report)
Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Its products and solutions are integrated into mobile applications for applications in the areas of point of sale, commercial services, asset tracking, manufacturing and quality control processes, transportation and logistics, event management, medical, and education.
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