Socket Mobile Stock Price on December 31, 2023

SCKT Stock  USD 1.47  0.01  0.68%   
Below is the normalized historical share price chart for Socket Mobile extending back to June 07, 1995. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Socket Mobile stands at 1.47, as last reported on the 4th of December, with the highest price reaching 1.52 and the lowest price hitting 1.43 during the day.
IPO Date
6th of June 1995
200 Day MA
1.1329
50 Day MA
1.1896
Beta
0.836
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Socket Stock, it is important to understand the factors that can impact its price. Socket Mobile appears to be dangerous, given 3 months investment horizon. Socket Mobile owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting Socket Mobile's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please review Socket Mobile's Risk Adjusted Performance of 0.0827, coefficient of variation of 1022.14, and Semi Deviation of 2.94 to confirm if our risk estimates are consistent with your expectations.
  
At this time, Socket Mobile's Total Stockholder Equity is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 30.2 M in 2024, whereas Capital Stock is likely to drop 6,969 in 2024. . At this time, Socket Mobile's Price To Operating Cash Flows Ratio is comparatively stable compared to the past year. Price Cash Flow Ratio is likely to gain to 181.34 in 2024, whereas Price To Sales Ratio is likely to drop 0.47 in 2024. Socket Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1278

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Estimated Market Risk

 3.9
  actual daily
34
66% of assets are more volatile

Expected Return

 0.5
  actual daily
9
91% of assets have higher returns

Risk-Adjusted Return

 0.13
  actual daily
10
90% of assets perform better
Based on monthly moving average Socket Mobile is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Socket Mobile by adding it to a well-diversified portfolio.
Price Book
0.6203
Enterprise Value Ebitda
4.84
Price Sales
0.6078
Shares Float
5.3 M
Wall Street Target Price
1.25

Socket Mobile Valuation on December 31, 2023

It is possible to determine the worth of Socket Mobile on a given historical date. On December 31, 2023 Socket was worth 1.17 at the beginning of the trading date compared to the closed value of 1.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Socket Mobile stock. Still, in general, we apply an absolute valuation method to find Socket Mobile's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Socket Mobile where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Socket Mobile's related companies.
 Open High Low Close Volume
  1.19    1.20    1.16    1.18    32,066  
12/29/2023
  1.17    1.20    1.16    1.16    53,565  
  1.17    1.22    1.17    1.17    7,804  
Backtest Socket Mobile  |  Socket Mobile History  |  Socket Mobile Valuation   PreviousNext  
Open Value
1.17
1.16
Closing Value
12.87
Upside

Socket Mobile Trading Date Momentum on December 31, 2023

On January 02 2024 Socket Mobile was traded for  1.17  at the closing time. The top price for the day was 1.22  and the lowest listed price was  1.17 . The trading volume for the day was 7.8 K. The trading history from January 2, 2024 was a factor to the next trading day price appreciation. The trading price change against the next closing price was 0.86% . The trading price change against the current closing price is 1.72% .

Socket Mobile Fundamentals Correlations and Trends

By evaluating Socket Mobile's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Socket Mobile's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Socket financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Socket Mobile Stock history

Socket Mobile investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Socket is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Socket Mobile will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Socket Mobile stock prices may prove useful in developing a viable investing in Socket Mobile
Last ReportedProjected for Next Year
Common Stock Shares Outstanding7.2 M4.4 M
Net Income Applicable To Common Shares78.3 K74.4 K

Socket Mobile Quarterly Net Working Capital

3.02 Million

Socket Mobile Stock Technical Analysis

Socket Mobile technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Socket Mobile technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Socket Mobile trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Socket Mobile Period Price Range

Low
December 4, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Socket Mobile cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Socket Mobile December 4, 2024 Market Strength

Market strength indicators help investors to evaluate how Socket Mobile stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Socket Mobile shares will generate the highest return on investment. By undertsting and applying Socket Mobile stock market strength indicators, traders can identify Socket Mobile entry and exit signals to maximize returns

Socket Mobile Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Socket Mobile's price direction in advance. Along with the technical and fundamental analysis of Socket Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Socket to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

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.