Market cap of Socket Mobile Inc. [SCKT] reaches 15.16M – now what?

Socket Mobile Inc. [NASDAQ: SCKT] gained 7.59% or 0.17 points to close at $2.41 with a heavy trading volume of 1185042 shares. The company report on November 4, 2020 that Socket Mobile Launches DuraSled for iPhone SE 2020.

Socket Mobile, Inc. (NASDAQ: SCKT), a key provider of data capture and delivery solutions designed to enhance workplace productivity, is excited to announce the arrival of a new line of scanning sleds: DuraSled™, tailored to offer optimal fit and performance for the 2020 iPhone SE.

“An ever-increasing number of companies count on iPhone applications to run their businesses. That makes the need for a one-handed solution that combines the iPhone and an enterprise-grade scanner greater than ever,” says Vanessa Lindsay, Senior Product Manager.

It opened the trading session at $2.15, the shares rose to $2.45 and dropped to $2.00, the range by which the price of stock traded the whole day. The daily chart for SCKT points out that the company has recorded 103.38% gains over the past six months. However, it is still -217.11% lower than its most recent low trading price.

If we look at the average trading volume of 3.40M shares, SCKT reached to a volume of 1185042 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Socket Mobile Inc. [SCKT]:

The Average True Range (ATR) for Socket Mobile Inc. is set at 0.32, with the Price to Sales ratio for SCKT stock in the period of the last 12 months amounting to 0.97. The Price to Book ratio for the last quarter was 1.15, with the Price to Cash per share for the same quarter was set at 0.14. Price to Free Cash Flow for SCKT in the course of the last twelve months was 25.26 with Quick ratio for the last quarter at 0.70.

Trading performance analysis for SCKT stock

Socket Mobile Inc. [SCKT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.41. With this latest performance, SCKT shares gained by 74.28% in over the last four-week period, additionally plugging by 103.38% over the last 6 months – not to mention a rise of 37.79% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SCKT stock in for the last two-week period is set at 56.96, with the RSI for the last a single of trading hit 53.94, and the three-weeks RSI is set at 58.30 for Socket Mobile Inc. [SCKT]. The present Moving Average for the last 50 days of trading for this stock 1.73, while it was recorded at 2.37 for the last single week of trading, and 1.47 for the last 200 days.

Socket Mobile Inc. [SCKT]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Socket Mobile Inc. [SCKT] shares currently have an operating margin of +3.15 and a Gross Margin at +52.46. Socket Mobile Inc.’s Net Margin is presently recorded at +1.49.

Return on Total Capital for SCKT is now 3.95, given the latest momentum, and Return on Invested Capital for the company is 2.15. Return on Equity for this stock inclined to 2.24, with Return on Assets sitting at 1.54. When it comes to the capital structure of this company, Socket Mobile Inc. [SCKT] has a Total Debt to Total Equity ratio set at 21.83. Additionally, SCKT Total Debt to Total Capital is recorded at 17.92, with Total Debt to Total Assets ending up at 14.72. Long-Term Debt to Equity for the company is recorded at 5.40, with the Long-Term Debt to Total Capital now at 4.44.

Reflecting on the efficiency of the workforce at the company, Socket Mobile Inc. [SCKT] managed to generate an average of $5,118 per employee. Receivables Turnover for the company is 7.40 with a Total Asset Turnover recorded at a value of 1.04.Socket Mobile Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.50.

An analysis of insider ownership at Socket Mobile Inc. [SCKT]

There are presently around $0 million, or 7.90% of SCKT stock, in the hands of institutional investors. The top three institutional holders of SCKT stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 72,178, which is approximately 31.109% of the company’s market cap and around 4.20% of the total institutional ownership; CSS LLC/IL, holding 55,858 shares of the stock with an approximate value of $0.14 million in SCKT stocks shares; and ACADIAN ASSET MANAGEMENT LLC, currently with $68000.0 in SCKT stock with ownership of nearly New of the company’s market capitalization.

Positions in Socket Mobile Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 2 institutional holders increased their position in Socket Mobile Inc. [NASDAQ:SCKT] by around 45,438 shares. Additionally, 4 investors decreased positions by around 297,880 shares, while 4 investors held positions by with 146,528 shares. The mentioned changes placed institutional holdings at 196,790 shares, according to the latest SEC report filing. SCKT stock had 1 new institutional investments in for a total of 28,312 shares, while 1 institutional investors sold positions of 23 shares during the same period.

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