Socket Mobile Inc

Company Profile

Socket Mobile Inc had its IPO on 1995-06-06 under the ticker symbol SCKT.

The company operates in the Technology sector and Computer Hardware industry. Socket Mobile Inc has a staff strength of 56 employees.

Stock update

Shares of Socket Mobile Inc opened at $1.26 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $1.24 - $1.27, and closed at $1.25.

This is a -0.79% slip from the previous day's closing price.

A total volume of 9,205 shares were traded at the close of the day’s session.

In the last one week, shares of Socket Mobile Inc have slipped by -0.79%.

Socket Mobile Inc's Key Ratios

Socket Mobile Inc has a market cap of $9.23 million, indicating a price to book ratio of 0.7468 and a price to sales ratio of 0.6502.

In the last 12-months Socket Mobile Inc’s revenue was $18.33 million with a gross profit of $10.37 million and an EBITDA of $-1599625. The EBITDA ratio measures Socket Mobile Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Socket Mobile Inc’s operating margin was -12.8% while its return on assets stood at -4.87% with a return of equity of -9.34%.

In Q2, Socket Mobile Inc’s quarterly earnings growth was a negative -50.8% while revenue growth was a negative 15.4%.

Socket Mobile Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

0

Its diluted EPS in the last 12-months stands at $-0.23 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Socket Mobile Inc’s profitability.

Socket Mobile Inc stock is trading at a EV to sales ratio of 0.7183 and a EV to EBITDA ratio of 9.801. Its price to sales ratio in the trailing 12-months stood at 0.6502.

Socket Mobile Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$29.31 million

Total Liabilities

$6.39 million

Operating Cash Flow

$0

Capital Expenditure

$637486

Dividend Payout Ratio

0%

Socket Mobile Inc ended 2024 with $29.31 million in total assets and $0 in total liabilities. Its intangible assets were valued at $29.31 million while shareholder equity stood at $19.40 million.

Socket Mobile Inc ended 2024 with $0 in deferred long-term liabilities, $6.39 million in other current liabilities, 67957000.00 in common stock, $-47519000.00 in retained earnings and $-17.00 in goodwill. Its cash balance stood at $3.43 million and cash and short-term investments were $3.43 million. The company’s total short-term debt was $2,977,000 while long-term debt stood at $0.

Socket Mobile Inc’s total current assets stands at $13.17 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $3.20 million compared to accounts payable of $1.84 million and inventory worth $5.51 million.

In 2024, Socket Mobile Inc's operating cash flow was $0 while its capital expenditure stood at $637486.

Comparatively, Socket Mobile Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$1.25

52-Week High

$2.83

52-Week Low

$1.23

Analyst Target Price

$

Socket Mobile Inc stock is currently trading at $1.25 per share. It touched a 52-week high of $2.83 and a 52-week low of $2.83. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $1.41 and 200-day moving average was $1.76 The short ratio stood at 0.78 indicating a short percent outstanding of 0%.

Around 2489.7% of the company’s stock are held by insiders while 605.5% are held by institutions.