On October 30, 2024, Charlie Bass, Director and 10% Owner of Socket Mobile Inc (SCKT, Financial), purchased 10,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns 1,486,651 shares of Socket Mobile Inc.
Socket Mobile Inc is a company that specializes in data capture products for retail, field service, and other mobile markets. These products include mobile barcode scanners and contactless reader/writers which are integrated into mobile applications.
Over the past year, Charlie Bass has been actively buying shares, with a total of 245,000 shares purchased and no shares sold. This latest acquisition is part of a broader trend of insider buying at the company. In the past year, there have been 32 insider buys and only 5 insider sells at Socket Mobile Inc.
Shares of Socket Mobile Inc were trading at $1.08 on the day of the transaction. The company has a market cap of $8.359 million. According to the GF Value, the intrinsic value of the stock is estimated at $1.63, which suggests that the stock is currently undervalued, with a price-to-GF-Value ratio of 0.66. This valuation indicates that the stock is a Possible Value Trap, Think Twice.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider buying activity could be a signal to investors about the perceived value of the stock at current prices, especially in the context of the company's current market valuation and intrinsic value estimates.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
