Insider Buying: Socket Mobile (NASDAQ:SCKT) Director Buys $34,205.70 in Stock

Socket Mobile, Inc. (NASDAQ:SCKT) Director Ivan Lazarev purchased 30,005 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average cost of $1.14 per share, with a total value of $34,205.70. Following the completion of the transaction, the director directly owned 66,114 shares in the company, valued at $75,369.96. The trade was a 83.10% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ivan Lazarev also recently made the following trade(s):

• On Thursday, November 20th, Ivan Lazarev acquired 5,428 shares of Socket Mobile stock. The shares were purchased at an average cost of $1.20 per share, for a total transaction of $6,513.60.
• On Wednesday, November 19th, Ivan Lazarev bought 96 shares of Socket Mobile stock. The stock was purchased at an average price of $1.20 per share, with a total value of $115.20.
• On Wednesday, November 12th, Ivan Lazarev bought 4,500 shares of Socket Mobile stock. The stock was purchased at an average price of $1.09 per share, with a total value of $4,905.00.
• On Wednesday, November 5th, Ivan Lazarev bought 10,067 shares of Socket Mobile stock. The shares were purchased at an average cost of $1.03 per share, for a total transaction of $10,369.01.

Socket Mobile Price Performance

NASDAQ SCKT opened at $1.33 on Thursday. The stock has a market capitalization of $10.61 million, a price-to-earnings ratio of -3.50 and a beta of 1.32. Socket Mobile, Inc. has a one year low of $0.82 and a one year high of $1.72. The business’s fifty day moving average is $1.06 and its 200-day moving average is $1.09.

Socket Mobile (NASDAQ:SCKT) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported ($0.15) EPS for the quarter. The firm had revenue of $3.11 million for the quarter. Socket Mobile had a negative net margin of 18.48% and a negative return on equity of 16.97%. During the same quarter in the previous year, the company earned ($0.15) earnings per share.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Socket Mobile in a research note on Tuesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Socket Mobile Company Profile

Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Its products and solutions are integrated into mobile applications for applications in the areas of point of sale, commercial services, asset tracking, manufacturing and quality control processes, transportation and logistics, event management, medical, and education.