SCKT Stock Summary and Trading Ideas (Socket Mobile | NASDAQ:SCKT)

Socket Mobile Inc is a producer of data capture products. The company's products are integrated into mobile applications used in mobile point of sale (mPOS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. The company offers barcode scanning products for both one-dimensional, including imager and laser, and two-dimensional barcode scanning in standard and durable cases. The company's geographical segments are the Americas, Europe, Asia Pacific, and Africa, out of which the majority of the revenue is generated from the United States.

Socket Mobile trades on the NASDAQ stock market under the symbol SCKT.

As of April 19, 2024, SCKT stock price climbed to $1.03 with 6,636 million shares trading.

SCKT has a beta of 0.81, meaning it tends to be less sensitive to market movements. SCKT has a correlation of 0.05 to the broad based SPY ETF.

SCKT has a market cap of $7.54 million. This is considered a Sub-Micro Cap stock.

Last quarter Socket Mobile reported $4 million in Revenue and $.08 earnings per share. This fell short of revenue expectation by $-510,000 and exceeded earnings estimates by $.14.

In the last 3 years, SCKT stock traded as high as $14.70 and as low as $.90.

The top ETF exchange traded funds that SCKT belongs to (by Net Assets): VXF, DFAT.

SCKT has underperformed the market in the last year with a price return of -43.1% while the SPY ETF gained +21.2%. SCKT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.3% and -4.4%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

SCKT support price is $.98 and resistance is $1.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SCKT stock will trade within this expected range on the day.