On November 5, 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 a total of 1,506,651 shares in the company.
Socket Mobile Inc is a provider of data capture and delivery solutions designed to enhance workplace productivity. This acquisition by the insider is part of a broader trend observed over the past year, where there have been 32 insider buys and 5 insider sells.
Shares of Socket Mobile Inc were priced at $1.17 on the day of the transaction. The company's market cap stands at $8.663 million, reflecting its scale within the industry.
The stock's valuation metrics, such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are calculated based on historical trading multiples, adjustments for past performance, and future business expectations.
According to the GF Value, the intrinsic value of Socket Mobile Inc is estimated at $1.63 per share, suggesting that the stock is currently undervalued with a price-to-GF-Value ratio of 0.72. This valuation indicates that the stock might be a possible value trap, and potential investors should think twice before making an investment decision.
Over the past year, Charlie Bass has increased his holdings in Socket Mobile Inc by purchasing a total of 255,000 shares, demonstrating a strong confidence in the company's future prospects. This pattern of insider buying could be a signal to investors about the potential undervaluation or future growth of the company.
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.
