Socket Mobile Inc. [NASDAQ: SCKT] closed the trading session at $8.35 on 07/23/21. The day’s price range saw the stock hit a low of $7.88, while the highest price level was $14.70. The company report on July 23, 2021 that Socket Mobile Reports Solid Second Quarter Results.
Socket Mobile, Inc. (NASDAQ: SCKT), a leading innovator of data capture and delivery solutions for enhanced workplace productivity, reported financial results that are determined in accordance with generally accepted accounting principles in the United States (“GAAP”) for the three and six months ended June 30, 2021.
Second Quarter Financial Highlights:.
The stocks have a year to date performance of 250.84 percent and weekly performance of 48.58 percent. The stock has been moved at 185.96 percent over the last six months. The stock has performed 37.79 percent around the most recent 30 days and changed 23.34 percent over the most recent 3-months.
If compared to the average trading volume of 190.01K shares, SCKT reached to a volume of 52348675 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Socket Mobile Inc. [SCKT]:
The Average True Range (ATR) for Socket Mobile Inc. is set at 0.93, with the Price to Sales ratio for SCKT stock in the period of the last 12 months amounting to 2.54. The Price to Book ratio for the last quarter was 3.73, with the Price to Cash per share for the same quarter was set at 1.01. Price to Free Cash Flow for SCKT in the course of the last twelve months was 137.78 with Quick ratio for the last quarter at 1.50.
SCKT stock trade performance evaluation
Socket Mobile Inc. [SCKT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 48.58. With this latest performance, SCKT shares gained by 37.79% in over the last four-week period, additionally plugging by 185.96% over the last 6 months – not to mention a rise of 471.92% 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 74.40, with the RSI for the last a single of trading hit 80.77, and the three-weeks RSI is set at 68.60 for Socket Mobile Inc. [SCKT]. The present Moving Average for the last 50 days of trading for this stock 6.10, while it was recorded at 6.29 for the last single week of trading, and 5.20 for the last 200 days.
Socket Mobile Inc. [SCKT]: An insightful look at the core fundamentals
Socket Mobile Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 2.10.
Socket Mobile Inc. [SCKT]: Insider Ownership positions
There are presently around $3 million, or 4.90% of SCKT stock, in the hands of institutional investors. The top three institutional holders of SCKT stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 66,300, which is approximately -41.119% of the company’s market cap and around 19.60% of the total institutional ownership; VANGUARD GROUP INC, holding 60,356 shares of the stock with an approximate value of $0.5 million in SCKT stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $0.48 million in SCKT stock with ownership of nearly 88.245% of the company’s market capitalization.
Positions in Socket Mobile Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 13 institutional holders increased their position in Socket Mobile Inc. [NASDAQ:SCKT] by around 128,555 shares. Additionally, 7 investors decreased positions by around 168,937 shares, while 3 investors held positions by with 34,588 shares. The mentioned changes placed institutional holdings at 332,080 shares, according to the latest SEC report filing. SCKT stock had 8 new institutional investments in for a total of 77,269 shares, while 5 institutional investors sold positions of 120,687 shares during the same period.