Ivan Lazarev Purchases 30,005 Shares of Socket Mobile (NASDAQ:SCKT) Stock

Socket Mobile, Inc. (NASDAQ:SCKT) Director Ivan Lazarev purchased 30,005 shares of Socket Mobile stock in a transaction dated Thursday, November 13th. The stock was acquired at an average price of $1.14 per share, for a total transaction of $34,205.70. Following the completion of the acquisition, the director owned 66,114 shares of the company’s stock, valued at approximately $75,369.96. This trade represents a 83.10% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ivan Lazarev also recently made the following trade(s):

• On Thursday, November 20th, Ivan Lazarev bought 5,428 shares of Socket Mobile stock. The shares were acquired at an average price of $1.20 per share, with a total value of $6,513.60.
• On Wednesday, November 19th, Ivan Lazarev bought 96 shares of Socket Mobile stock. The shares were bought at an average cost of $1.20 per share, with a total value of $115.20.
• On Wednesday, November 12th, Ivan Lazarev purchased 4,500 shares of Socket Mobile stock. The stock was bought at an average cost of $1.09 per share, for a total transaction of $4,905.00.
• On Wednesday, November 5th, Ivan Lazarev acquired 10,067 shares of Socket Mobile stock. The stock was bought at an average cost of $1.03 per share, with a total value of $10,369.01.

Socket Mobile Stock Performance

Socket Mobile stock traded up $0.07 during trading hours on Monday, hitting $1.28. The company had a trading volume of 36,913 shares, compared to its average volume of 17,334. The firm has a market cap of $10.17 million, a P/E ratio of -3.36 and a beta of 1.32. The company has a 50-day moving average price of $1.04 and a two-hundred day moving average price of $1.09. Socket Mobile, Inc. has a 1 year low of $0.82 and a 1 year high of $1.72.

Socket Mobile (NASDAQ:SCKT) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported ($0.15) earnings per share for the quarter. Socket Mobile had a negative net margin of 18.48% and a negative return on equity of 16.97%. The company had revenue of $3.11 million for the quarter. During the same period in the previous year, the company earned ($0.15) earnings per share.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Socket Mobile in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Socket Mobile Company Profile

Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Its products and solutions are integrated into mobile applications for applications in the areas of point of sale, commercial services, asset tracking, manufacturing and quality control processes, transportation and logistics, event management, medical, and education.