On November 20, 2024, Charlie Bass, Director and 10% Owner of Socket Mobile Inc (SCKT, Financial), purchased 10,000 shares of the company. Following this transaction, the insider now holds 1,561,651 shares of the company. The transaction details can be found in the SEC Filing.
Socket Mobile Inc is a company that specializes in providing data capture and delivery solutions for enhanced productivity in mobile workforces. The company's products include barcode scanners, RFID readers, and other mobile data collection devices.
The insider's recent purchase is part of a broader trend, as over the past year, Charlie Bass has acquired a total of 260,000 shares and has not sold any shares. This activity is consistent with the overall insider transaction history for Socket Mobile Inc, which shows 27 insider buys and 5 insider sells over the past year.
On the day of the recent purchase, shares of Socket Mobile Inc were trading at $1.41, resulting in a market cap of $11.026 million. The stock's GF Value is estimated at $1.45, giving it a price-to-GF-Value ratio of 0.97, indicating that the stock is fairly valued according to its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company’s past returns and growth, as well as future estimates of business performance from Morningstar analysts.
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.
