Is Socket Mobile Stock a Good Investment?

Socket Mobile Investment Advice

  SCKT
To provide specific investment advice or recommendations on Socket Mobile stock, we recommend investors consider the following general factors when evaluating Socket Mobile. This will help you to make an informed decision on whether to include Socket Mobile in one of your diversified portfolios:
  • 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
We provide advice to complement the current expert consensus on Socket Mobile. Our dynamic recommendation engine harnesses a multidimensional algorithm to analyze the firm's potential to grow using all technical and fundamental data available at the time. To make sure Socket Mobile is not overpriced, please validate all Socket Mobile fundamentals, including its total debt, market capitalization, and the relationship between the gross profit and short ratio . Please also confirm Socket Mobile number of shares shorted to double-check your buy or sell decision is consistent with all fundamental data available and that the company can sustain itself in the current economic cycle.

Market Performance

OKDetails

Volatility

DangerousDetails

Hype Condition

StaleDetails

Current Valuation

OvervaluedDetails

Odds Of Distress

AverageDetails

Economic Sensitivity

Almost neglects market trendsDetails

Investor Sentiment

InterestedDetails

Analyst Consensus

Not AvailableDetails

Financial Strenth (F Score)

FrailDetails

Financial Leverage

Not RatedDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails

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 33.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.62. 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 0.18. 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
Socket Mobile has high likelihood to experience some financial distress in the next 2 years
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 33.0% of the company outstanding shares are owned by corporate insiders
Latest headline from investing.com: Socket Mobile director Charlie Bass acquires 7,383 in stock
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
2022-03-310.050.04-0.0120 
2021-10-21
2021-09-300.060.070.0116 
2011-07-26
2011-06-30-0.08-0.09-0.0112 
2023-02-22
2022-12-31-0.04-0.020.0250 
2024-05-01
2024-03-31-0.05-0.0748-0.024849 
2021-07-22
2021-06-300.030.060.03100 
2019-04-24
2019-03-31-0.010.020.03300 
2022-02-16
2021-12-310.070.110.0457 

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 Accounts2024-09-30
750
Continuum Advisory, Llc2024-09-30
500
Advisor Group Holdings, Inc.2024-06-30
300
Fifth Third Bancorp2024-09-30
50.0
Bank Of America Corp2024-06-30
45.0
Goss Wealth Management Llc2024-09-30
35.0
Barclays Plc2024-09-30
30.0
Acadian Asset Management Llc2024-06-30
0.0
Wells Fargo & Co2024-06-30
0.0
Vanguard Group Inc2024-09-30
67.2 K
Geode Capital Management, Llc2024-09-30
39 K
Note, although Socket Mobile's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Socket Mobile's market capitalization trends

The company currently falls under 'Micro-Cap' category with a current market capitalization of 11.03 M.

Market Cap

7.97 Million

Socket Mobile's profitablity analysis

Last ReportedProjected 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)
The company has Profit Margin (PM) of (0.07) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.27) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.27.
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 ReportedProjected 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 Value11.8 M11.2 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 5th of December, Socket Mobile has the Risk Adjusted Performance of 0.0804, coefficient of variation of 1022.14, and Semi Deviation of 2.94. 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.

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.

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.
Socket Mobile time-series forecasting models is one of many Socket Mobile's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Socket Mobile's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

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 GlaenzerVP OfficerProfile
Leonard OttChief Technical Officer and VP of EngineeringProfile
David HolmesChief OfficerProfile
Flora ChuGeneral CounselProfile

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.