Is Socket Mobile Stock a Good Investment?
Socket Mobile Investment Advice | SCKT |
- Examine Socket Mobile's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Socket Mobile's leadership team and their track record. Good management can help Socket Mobile navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Technology Hardware, Storage & Peripherals space and any emerging trends that could impact Socket Mobile's business and its evolving consumer preferences.
- Compare Socket Mobile's performance and market position to its competitors. Analyze how Socket Mobile is positioned in terms of product offerings, innovation, and market share.
- Check if Socket Mobile pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Socket Mobile's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Socket Mobile stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Socket Mobile is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Modest | Details | |
Volatility | Dangerous | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Not Available | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Socket Mobile Stock
Researching Socket Mobile's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 32.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.5. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Socket Mobile recorded a loss per share of 0.23. The entity had not issued any dividends in recent years. The firm had 1:10 split on the 24th of October 2008.
To determine if Socket Mobile is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Socket Mobile's research are outlined below:
| Socket Mobile may become a speculative penny stock | |
| Socket Mobile had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 17.03 M. Net Loss for the year was (1.92 M) with profit before overhead, payroll, taxes, and interest of 10.37 M. | |
| Socket Mobile has a frail financial position based on the latest SEC disclosures | |
| About 32.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: Director and 10 percent Owner Charlie Bass Acquires 10,000 Shares of Socket Mobile Inc |
Socket Mobile uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Socket Mobile. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Socket Mobile's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 28th of February 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Earnings surprises can significantly impact Socket Mobile's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Socket Mobile's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2022-04-28 | 2022-03-31 | 0.05 | 0.04 | -0.01 | 20 | ||
2021-10-21 | 2021-09-30 | 0.06 | 0.07 | 0.01 | 16 | ||
2011-07-26 | 2011-06-30 | -0.08 | -0.09 | -0.01 | 12 | ||
2023-02-22 | 2022-12-31 | -0.04 | -0.02 | 0.02 | 50 | ||
2024-05-01 | 2024-03-31 | -0.05 | -0.0748 | -0.0248 | 49 | ||
2021-07-22 | 2021-06-30 | 0.03 | 0.06 | 0.03 | 100 | ||
2019-04-24 | 2019-03-31 | -0.01 | 0.02 | 0.03 | 300 | ||
2022-02-16 | 2021-12-31 | 0.07 | 0.11 | 0.04 | 57 |
Know Socket Mobile's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Socket Mobile is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Socket Mobile backward and forwards among themselves. Socket Mobile's institutional investor refers to the entity that pools money to purchase Socket Mobile's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 1.5 K | Geneos Wealth Management Inc | 2024-06-30 | 1000 | Advisor Group Holdings, Inc. | 2024-06-30 | 300 | Fifth Third Bancorp | 2024-09-30 | 50.0 | Bank Of America Corp | 2024-06-30 | 45.0 | Goss Wealth Management Llc | 2024-06-30 | 35.0 | Barclays Plc | 2024-06-30 | 30.0 | Acadian Asset Management Llc | 2024-06-30 | 0.0 | Wells Fargo & Co | 2024-06-30 | 0.0 | Vanguard Group Inc | 2024-06-30 | 67.2 K | Geode Capital Management, Llc | 2024-06-30 | 39 K |
Socket Mobile's market capitalization trends
The company currently falls under 'Nano-Cap' category with a current market capitalization of 8.97 M.Market Cap |
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Socket Mobile's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.07) | (0.07) | |
| Return On Capital Employed | (0.14) | (0.15) | |
| Return On Assets | (0.07) | (0.07) | |
| Return On Equity | (0.10) | (0.10) |
Determining Socket Mobile's profitability involves analyzing its financial statements and using various financial metrics to determine if Socket Mobile is a good buy. For example, gross profit margin measures Socket Mobile's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Socket Mobile's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Socket Mobile's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Socket Mobile. Check Socket Mobile's Beneish M Score to see the likelihood of Socket Mobile's management manipulating its earnings.
Evaluate Socket Mobile's management efficiency
Socket Mobile has return on total asset (ROA) of (0.0574) % which means that it has lost $0.0574 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0753) %, meaning that it created substantial loss on money invested by shareholders. Socket Mobile's management efficiency ratios could be used to measure how well Socket Mobile manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.07 in 2024. Return On Capital Employed is likely to drop to -0.15 in 2024. At this time, Socket Mobile's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 3 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 5.7 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 2.69 | 2.10 | |
| Tangible Book Value Per Share | 2.47 | 2.59 | |
| Enterprise Value Over EBITDA | (6.85) | (7.20) | |
| Price Book Value Ratio | 0.43 | 0.41 | |
| Enterprise Value Multiple | (6.85) | (7.20) | |
| Price Fair Value | 0.43 | 0.41 | |
| Enterprise Value | 11.8 M | 11.2 M |
Understanding the management dynamics of Socket Mobile allows us to gauge its ability to sustain growth and profitability. This comprehensive analysis aids in determining the stock's value.
Beta 0.836 |
Basic technical analysis of Socket Stock
As of the 9th of November, Socket Mobile has the Coefficient Of Variation of 920.05, semi deviation of 2.59, and Risk Adjusted Performance of 0.0904. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Socket Mobile, as well as the relationship between them.Socket Mobile's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Socket Mobile insiders, such as employees or executives, is commonly permitted as long as it does not rely on Socket Mobile's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Socket Mobile insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Socket Mobile's Outstanding Corporate Bonds
Socket Mobile issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Socket Mobile uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Socket bonds can be classified according to their maturity, which is the date when Socket Mobile has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| SOCGEN 425 14 APR 25 Corp BondUS83367TBJ79 | View | |
| SOCGEN 675 Corp BondUS83367TBU25 | View | |
| SOCGEN 5625 24 NOV 45 Corp BondUS83367TBT51 | View | |
| SOCGEN 475 24 NOV 25 Corp BondUS83367TBR95 | View | |
| SOCGEN 4 12 JAN 27 Corp BondUS83368RAK86 | View | |
| SOCGEN 475 14 SEP 28 Corp BondUS83368RAM43 | View | |
| SOCGEN 3 22 JAN 30 Corp BondUS83368RAW25 | View | |
| SOCGEN 2625 22 JAN 25 Corp BondUS83368RAV42 | View |
Understand Socket Mobile's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Socket Mobile's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0904 | |||
| Market Risk Adjusted Performance | 1.43 | |||
| Mean Deviation | 2.33 | |||
| Semi Deviation | 2.59 | |||
| Downside Deviation | 3.19 | |||
| Coefficient Of Variation | 920.05 | |||
| Standard Deviation | 3.6 | |||
| Variance | 12.94 | |||
| Information Ratio | 0.062 | |||
| Jensen Alpha | 0.3385 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0699 | |||
| Treynor Ratio | 1.42 | |||
| Maximum Drawdown | 25.39 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.36 | |||
| Downside Variance | 10.15 | |||
| Semi Variance | 6.73 | |||
| Expected Short fall | (3.14) | |||
| Skewness | 1.28 | |||
| Kurtosis | 6.32 |
| Risk Adjusted Performance | 0.0904 | |||
| Market Risk Adjusted Performance | 1.43 | |||
| Mean Deviation | 2.33 | |||
| Semi Deviation | 2.59 | |||
| Downside Deviation | 3.19 | |||
| Coefficient Of Variation | 920.05 | |||
| Standard Deviation | 3.6 | |||
| Variance | 12.94 | |||
| Information Ratio | 0.062 | |||
| Jensen Alpha | 0.3385 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0699 | |||
| Treynor Ratio | 1.42 | |||
| Maximum Drawdown | 25.39 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.36 | |||
| Downside Variance | 10.15 | |||
| Semi Variance | 6.73 | |||
| Expected Short fall | (3.14) | |||
| Skewness | 1.28 | |||
| Kurtosis | 6.32 |
Consider Socket Mobile's intraday indicators
Socket Mobile intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Socket Mobile stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 472.07 | |||
| Daily Balance Of Power | 0.25 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 1.16 | |||
| Day Typical Price | 1.17 | |||
| Price Action Indicator | 0.025 | |||
| Period Momentum Indicator | 0.01 |
Socket Stock media impact
Far too much social signal, news, headlines, and media speculation about Socket Mobile that are available to investors today. That information is available publicly through Socket media outlets and privately through word of mouth or via Socket internal channels. However, regardless of the origin, that massive amount of Socket data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Socket Mobile news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Socket Mobile relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Socket Mobile's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Socket Mobile alpha.
Socket Mobile Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Socket Mobile can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Socket Mobile Corporate Management
| Eric Glaenzer | VP Officer | Profile | |
| Leonard Ott | Chief Technical Officer and VP of Engineering | Profile | |
| David Holmes | Chief Officer | Profile | |
| Flora Chu | General Counsel | Profile |
Additional Tools for Socket Stock Analysis
When running Socket Mobile's price analysis, check to measure Socket Mobile's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Socket Mobile is operating at the current time. Most of Socket Mobile's value examination focuses on studying past and present price action to predict the probability of Socket Mobile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Socket Mobile's price. Additionally, you may evaluate how the addition of Socket Mobile to your portfolios can decrease your overall portfolio volatility.