Socket Mobile (NASDAQ:SCKT) Director Buys $10,369.01 in Stock

Socket Mobile, Inc. (NASDAQ:SCKT) Director Ivan Lazarev bought 10,067 shares of Socket Mobile stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average cost of $1.03 per share, with a total value of $10,369.01. Following the completion of the acquisition, the director directly owned 31,609 shares of the company’s stock, valued at approximately $32,557.27. The trade was a 46.73% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, November 20th, Ivan Lazarev purchased 5,428 shares of Socket Mobile stock. The shares were bought at an average cost of $1.20 per share, for a total transaction of $6,513.60.
• On Wednesday, November 19th, Ivan Lazarev purchased 96 shares of Socket Mobile stock. The stock was bought at an average price of $1.20 per share, for a total transaction of $115.20.
• On Thursday, November 13th, Ivan Lazarev acquired 30,005 shares of Socket Mobile stock. The shares were bought at an average cost of $1.14 per share, with a total value of $34,205.70.
• On Wednesday, November 12th, Ivan Lazarev acquired 4,500 shares of Socket Mobile stock. The shares were bought at an average cost of $1.09 per share, with a total value of $4,905.00.

Socket Mobile Price Performance

Shares of SCKT stock traded up $0.07 during midday trading on Monday, hitting $1.28. The company had a trading volume of 36,913 shares, compared to its average volume of 17,334. The stock has a market cap of $10.17 million, a price-to-earnings ratio of -3.36 and a beta of 1.32. The company’s 50 day simple moving average is $1.04 and its 200 day simple moving average is $1.09. Socket Mobile, Inc. has a 52-week low of $0.82 and a 52-week high of $1.72.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Socket Mobile in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Socket Mobile currently has a consensus 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.