Socket Mobile (NASDAQ:SCKT) Shares Cross Above 50 Day Moving Average – Time to Sell?

Posted by George Bondi on Oct 7th, 2026

Socket Mobile, Inc. (NASDAQ:SCKT – Get Free Report)’s share price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $0.66 and traded as high as $1.19. Socket Mobile shares last traded at $0.9370, with a volume of 78,211,333 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Socket Mobile from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, September 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Socket Mobile has an average rating of “Sell”.

Get Our Latest Stock Report on SCKT

Socket Mobile Stock Performance

The company has a 50-day simple moving average of $0.67 and a two-hundred day simple moving average of $0.75. The stock has a market cap of $5.51 million, a price-to-earnings ratio of -0.36 and a beta of 1.40.

Socket Mobile (NASDAQ:SCKT – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.16) EPS for the quarter. Socket Mobile had a negative return on equity of 229.41% and a negative net margin of 107.50%.The business had revenue of $3.03 million for the quarter.

Institutional Investors Weigh In On Socket Mobile

A hedge fund recently bought a new stake in Socket Mobile stock. MV Capital Management Inc. purchased a new position in Socket Mobile, Inc. (NASDAQ:SCKT – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 96,917 shares of the company’s stock, valued at approximately $99,000. MV Capital Management Inc. owned 1.21% of Socket Mobile as of its most recent filing with the Securities and Exchange Commission (SEC). 3.76% of the stock is owned by hedge funds and other institutional investors.

About Socket Mobile

(Get Free Report)

Socket Mobile, Inc develops data capture hardware and software for businesses that use mobile devices and point-of-sale systems. Its products include cordless barcode scanners, contactless readers and related accessories designed to connect with smartphones, tablets and computers through wireless technologies such as Bluetooth.

The company’s product portfolio includes the SocketScan and DuraScan lines of handheld scanners, along with devices intended for retail, healthcare, transportation and logistics, field service, manufacturing, education and other applications.