Socket Mobile Stock Price Prediction

SCKT Stock  USD 1.47  0.01  0.68%   
The relative strength index (RSI) of Socket Mobile's share price is above 70 at this time. This usually implies that the stock is becoming overbought or overvalued. The idea behind Relative Strength Index (RSI) is that it helps to track how fast people are buying or selling Socket, making its price go up or down.

Oversold Vs Overbought

71

 
Oversold
 
Overbought
The successful prediction of Socket Mobile's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Socket Mobile, which may create opportunities for some arbitrage if properly timed. Below are the key fundamental drivers impacting Socket Mobile's stock price prediction:
Quarterly Earnings Growth
(0.01)
Wall Street Target Price
1.25
Quarterly Revenue Growth
0.208
Using Socket Mobile hype-based prediction, you can estimate the value of Socket Mobile from the perspective of Socket Mobile response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Socket Mobile to buy its stock at a price that has no basis in reality. In that case, they are not buying Socket because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

Socket Mobile after-hype prediction price

    
  USD 1.5  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
Check out Socket Mobile Basic Forecasting Models to cross-verify your projections.
For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.
Intrinsic
Valuation
LowRealHigh
0.071.425.32
Details
Naive
Forecast
LowNextHigh
0.031.455.35
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details

Socket Mobile After-Hype Price Prediction Density Analysis

As far as predicting the price of Socket Mobile at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Socket Mobile or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Socket Mobile, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Socket Mobile Estimiated After-Hype Price Volatility

In the context of predicting Socket Mobile's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Socket Mobile's historical news coverage. Socket Mobile's after-hype downside and upside margins for the prediction period are 0.08 and 5.40, respectively. We have considered Socket Mobile's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
1.47
1.50
After-hype Price
5.40
Upside
Socket Mobile is dangerous at this time. Analysis and calculation of next after-hype price of Socket Mobile is based on 3 months time horizon.

Socket Mobile Stock Price Prediction Analysis

Have you ever been surprised when a price of a Company 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. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Socket Mobile, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.50 
3.90
  0.03 
  0.66 
11 Events / Month
7 Events / Month
In about 11 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
1.47
1.50
2.04 
7,800  
Notes

Socket Mobile Hype Timeline

Socket Mobile is at this time traded for 1.47. The entity has historical hype elasticity of 0.03, and average elasticity to hype of competition of 0.66. Socket is forecasted to increase in value after the next headline, with the price projected to jump to 1.5 or above. The average volatility of media hype impact on the company the price is over 100%. The price appreciation on the next news is projected to be 2.04%, whereas the daily expected return is at this time at 0.5%. The volatility of related hype on Socket Mobile is about 297.09%, with the expected price after the next announcement by competition of 2.13. Socket Mobile currently holds 6.28 M in liabilities with Debt to Equity (D/E) ratio of 0.27, which may suggest the company is not taking enough advantage from borrowing. Given the investment horizon of 90 days the next forecasted press release will be in about 11 days.
Check out Socket Mobile Basic Forecasting Models to cross-verify your projections.
For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.

Socket Mobile Related Hype Analysis

Having access to credible news sources related to Socket Mobile's direct competition is more important than ever and may enhance your ability to predict Socket Mobile's future price movements. Getting to know how Socket Mobile's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Socket Mobile may potentially react to the hype associated with one of its peers.
Hype
Elasticity
News
Density
Semi
Deviation
Information
Ratio
Potential
Upside
Value
At Risk
Maximum
Drawdown
CRCTCricut Inc 0.21 10 per month 0.00 (0.04) 4.46 (5.75) 20.08 
NNDMNano Dimension(0.03)8 per month 2.38 (0.04) 3.46 (3.77) 15.26 
IONQIONQ Inc 3.98 7 per month 4.52  0.31  16.30 (9.99) 47.83 
AGMHAGM Group Holdings(0.04)3 per month 4.28  0.11  11.76 (7.10) 31.53 
TACTTransAct Technologies Incorporated 0.06 9 per month 2.15 (0.04) 3.47 (2.99) 11.25 
KTCCKey Tronic(0.26)7 per month 1.82  0.09  3.68 (3.61) 14.47 
INVEIdentiv 0.10 8 per month 1.91  0.07  5.26 (3.60) 14.13 
STRCSTRC Old 1.78 1 per month 0.00 (0.08) 12.89 (9.77) 54.79 
UAVSAgeagle Aerial Systems 0.55 7 per month 15.64  0.05  42.16 (21.05) 141.35 
QMCOQuantum 8.11 8 per month 8.08  0.17  19.76 (11.13) 166.70 
MKFGMarkforged Holding Corp(0.02)9 per month 2.56  0.1  9.64 (7.73) 78.88 

Socket Mobile Additional Predictive Modules

Most predictive techniques to examine Socket price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Socket using various technical indicators. When you analyze Socket charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Socket Mobile Predictive Indicators

The successful prediction of Socket Mobile stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Socket Mobile, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Socket Mobile based on analysis of Socket Mobile hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Socket Mobile's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Socket Mobile's related companies.
 2021 2022 2023 2024 (projected)
Payables Turnover4.966.535.343.16
Days Of Inventory On Hand174.82188.07235.62247.4

Story Coverage note for Socket Mobile

The number of cover stories for Socket Mobile depends on current market conditions and Socket Mobile's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Socket Mobile is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Socket Mobile's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Socket Mobile Short Properties

Socket Mobile's future price predictability will typically decrease when Socket Mobile's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Socket Mobile often depends not only on the future outlook of the potential Socket Mobile's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Socket Mobile's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding7.2 M
Cash And Short Term Investments2.8 M

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.