On November 14, 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 1,541,651 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 actively increased his holdings in the company, purchasing a total of 255,000 shares. There have been no sales recorded by the insider during this period. The overall insider transaction history for Socket Mobile Inc shows a trend of more insider buying than selling, with 28 insider buys and 5 insider sells over the past year.
Shares of Socket Mobile Inc were trading at $1.34 on the day of the insider's recent purchase. The company has a market cap of $10.182 million. According to the GF Value, the intrinsic value of the stock is estimated at $1.63, indicating that the stock is Modestly Undervalued with a price-to-GF-Value ratio of 0.82.
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, considering the insider's increasing stake in 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.
