Key Points
- Director Ivan Lazarev purchased 8,993 shares on Nov. 26 at $1.31, raising his direct holdings to 87,917 shares and continuing a string of November buys (including a 30,005‑share purchase on Nov. 13).
- Socket Mobile is a small‑cap company (market cap ≈ $9.8M) with negative recent earnings (Q3 EPS -$0.15) and a MarketBeat consensus Sell rating, despite the insider accumulation.
Socket Mobile, Inc. (NASDAQ:SCKT - Get Free Report) Director Ivan Lazarev acquired 8,993 shares of the stock in a transaction on Wednesday, November 26th. The shares were acquired at an average cost of $1.31 per share, for a total transaction of $11,780.83. Following the completion of the transaction, the director directly owned 87,917 shares in the company, valued at $115,171.27. The trade was a 11.39% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Ivan Lazarev also recently made the following trade(s):
- On Tuesday, November 25th, Ivan Lazarev bought 7,286 shares of Socket Mobile stock. The shares were acquired at an average price of $1.28 per share, with a total value of $9,326.08.
- On Thursday, November 20th, Ivan Lazarev purchased 5,428 shares of Socket Mobile stock. The shares were bought at an average cost of $1.20 per share, for a total transaction of $6,513.60.
- On Wednesday, November 19th, Ivan Lazarev acquired 96 shares of Socket Mobile stock. The shares were bought at an average cost of $1.20 per share, with a total value of $115.20.
- On Thursday, November 13th, Ivan Lazarev acquired 30,005 shares of Socket Mobile stock. The shares were bought at an average cost of $1.14 per share, with a total value of $34,205.70.
- On Wednesday, November 12th, Ivan Lazarev bought 4,500 shares of Socket Mobile stock. The stock was bought at an average cost of $1.09 per share, for a total transaction of $4,905.00.
- On Wednesday, November 5th, Ivan Lazarev purchased 10,067 shares of Socket Mobile stock. The shares were bought at an average price of $1.03 per share, with a total value of $10,369.01.
Socket Mobile Price Performance
Shares of NASDAQ SCKT opened at $1.23 on Tuesday. The stock has a fifty day moving average price of $1.07 and a 200 day moving average price of $1.09. Socket Mobile, Inc. has a 1-year low of $0.82 and a 1-year high of $1.72. The company has a market cap of $9.81 million, a PE ratio of -3.24 and a beta of 1.32.
Socket Mobile (NASDAQ:SCKT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported ($0.15) EPS for the quarter. The firm had revenue of $3.11 million for the quarter. Socket Mobile had a negative return on equity of 16.97% and a negative net margin of 18.48%.During the same period in the prior year, the firm posted ($0.15) EPS.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Socket Mobile in a report on Tuesday, November 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Socket Mobile currently has a consensus rating of "Sell".
Read Our Latest Research Report 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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