How to Buy Socket Mobile Stock
Socket Mobile Inc
Socket Mobile, Inc. provides data capture and delivery solutions in the United States, Europe, Asia, and internationally.
Socket Mobile stock last closed at $1.04, down 4.17% from the previous day, and has decreased 42.18% in one year. It has underperformed other stocks in the Computer Hardware industry by 1.81 percentage points. Socket Mobile stock is currently +15% from its 52-week low of $0.90, and -43.44% from its 52-week high of $1.83.
As of Apr 15, 2024, there are 7.55M shares of SCKT outstanding. The market value of SCKT is $7.81M. In the past 24 hours, 3574 SCKT shares were traded.
How to Buy Socket Mobile Stock
Wondering how to invest in Socket Mobile stock? Here's how.
- Choose where to buy Socket Mobile stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Socket Mobile stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Choose your method of payment and add your details.
- Evaluate Socket Mobile stock: The Socket Mobile ticker symbol is SCKT. Is Socket Mobile stock a good investment? Should you buy shares of SCKT? How do SCKT's underlying business fundamentals look? Do top analysts think Socket Mobile is a good buy? Why has SCKT's stock price moved recently? (Hint: Our stock research tools can help you decide if SCKT is a good stock to buy).
- Execute your SCKT buy order: Decide if you will purchase SCKT shares at the current market price or use a limit order to purchase SCKT shares at a particular price.
- Get updates on your investment in SCKT: Create a watchlist to track your investment in Socket Mobile stock.
Step 1: Choose where to buy Socket Mobile stock
You need an online brokerage account to access the NASDAQ market and buy SCKT stock.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best brokerage. Here's why:
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- Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal details so you are able to buy SCKT stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start your new brokerage account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have opened your account on the best investment app, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help transferring money into your brokerage account.
Step 4: Evaluate Socket Mobile stock
Once you have figured out the best place to buy Socket Mobile stock, it's important to research their stock before you invest, so you actually understand the risk and opportunity.
Socket Mobile shares at a glance
SCKT Overview
WallStreetZen was created to help average investors do better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on SCKT's stock page.
Is SCKT stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge SCKT's true value.
Using relative valuations metrics:
- SCKT may be undervalued based on its P/B ratio of 0.4x, relative to Computer Hardware industry P/B ratio of 13.58x
You can do more valuation research on SCKT's stock here.
A look at SCKT Cashflows and Balance Sheet
Passed Health Checks:
- SCKT has cash burn of 2115310. It has enough cash and short-term investments to cover this for at least one year.
- SCKT has $2.83M in cash and short term investments. This is enough to cover its annual cash burn of $2.12M.
- Total SCKT debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the SCKT balance sheet.
- There are more short-term assets than short-term liabilities on the SCKT balance sheet.
Failed Health Checks:
- SCKT profit margin has gone down from 0.4% to -11.3% in the past year.
- SCKT has a relatively high debt to equity ratio of 0.48.
SCKT Technical Indicators
SCKT Growth Numbers
Last year, SCKT revenue was $17.03M. During the last five year, SCKT's revenue has increased by 0.69% per year. This was slower than the Computer Hardware industry average of 9.37%.
Dig into SCKT's earnings and revenue performance here.
Latest Insiders Trades at SCKT
Over the last 12 months, insiders at SCKT have bought more shares than they have sold.
Lynn Zhao, Chief Financial Officer of SCKT, was the latest SCKT insider to buy. They bought $7,600.00 worth of SCKT stock on Feb 29, 2024.
Dig into more about who owns SCKT shares here.
Can I get consistent income from SCKT stock?
No, Socket Mobile doesn't provide an income stream by paying out dividends.
SCKT Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your SCKT buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, place a limit order.
Hit the Open button and eToro will place your order.
If you require more info about investing in stocks on eToro, click the how to video below:
Step 6: Get updates on your investment in SCKT
Now that you own some SCKT stock, you'll want to stay up-to-date on your stock purchase.
Put SCKT on a watchlist to track the most important metrics related to your SCKT stock.
SCKT Feed
How to Buy Stock in Socket Mobile
To reiterate, here are the 6 steps to buy stock in Socket Mobile:
- Choose where to buy Socket Mobile stock
- Open a brokerage account
- Deposit funds into your brokerage account
- Evaluate Socket Mobile stock
- Execute your SCKT buy order
- Get updates on your investment in SCKT
If you need a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Socket Mobile, click the button below.
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